Webtoon reports Q2 adjusted EPS 7c vs. 18c last year

Reports Q2 revenue $348.27M, consensus $341.24M. Junkoo Kim, founder and CEO, said, “We are pleased to report strong second quarter results, with both revenue and Adjusted EBITDA coming in above the top end of our guidance range. Total revenue was up 5.5% on a constant currency basis, with growth in all three revenue streams – Paid Content, Advertising, and IP Adaptations – as we continue to build our leadership position globally.”