Record Annual Revenue and Profitability
WEBTOON reported record annual revenue of $1.35 billion, growing 5% on a reported basis and 13% on a constant currency basis. Adjusted EBITDA increased more than 600% to $67.9 million compared to 2023.
Success in Japan Market
WEBTOON took the top position in Japan for the second half of 2024 in the non-game app market, driven by successful content exports and local creator ecosystem investments.
Strong Q4 Revenue Growth
WEBTOON's fourth-quarter revenue grew 10.4% on a constant currency basis, with a reported year-over-year increase of 5.6%, led by Paid Content and Advertising.
Advertising Revenue Surge
Advertising posted 27.4% revenue growth in Q4 on a constant currency basis, with strong performance in Korea and Japan.
Increased Webcomic Engagement
Webcomic app MAU increased 6.7%, driven by growth in English-speaking markets, France, and Thailand.
IP Adaptations Success
Successful launches include Jeongnyeon: The Star Is Born on Disney+, Sidelined: The QB and Me on Tubi, and The Trauma Code: Heroes on Call on Netflix.