Webtoon reports Q1 adjusted EPS 3c, consensus (13c)

Reports Q1 revenue $325.71M, consensus $324M. Junkoo Kim, Founder and CEO, said, “We are pleased to report both revenue and Adjusted EBITDA above the midpoint of our guidance. Total revenue was up 5.3% on a constant currency basis, with all three revenue streams – Paid Content, Advertising, and IP Adaptations – contributing to growth.”