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WEBTOON Entertainment Inc (WBTN)
NASDAQ:WBTN
Earnings Data
Report Date
May 19, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.17Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: management reported full-year revenue growth and positive adjusted EBITDA, significant strategic progress (Disney partnership and strong IP pipeline), AI-driven personalization gains, cost reductions and a robust cash position. Offsetting these positives are a large GAAP net loss driven by goodwill impairments (largely Wattpad), Q4 revenue declines and volatility in advertising and IP adaptation revenue, MAU deterioration in several regions, and modest near-term guidance. Management expressed confidence in returning to double-digit revenue growth by the end of 2026, but the company faces material near-term financial and metric headwinds.Company Guidance
Full-Year Revenue Growth
Full-year 2025 revenue of $1.4 billion, up 3.9% on a constant currency basis and up 2.5% reported year-over-year.
Adjusted EBITDA Turnaround (Full Year and Q4)
Adjusted EBITDA of $19.4 million for full-year 2025 (down from $68 million prior year but positive) and adjusted EBITDA of $0.6 million in Q4 2025, exceeding the high end of guidance (compared to -$3.5 million in Q4 2024).
Disney Strategic Agreement and Equity Investment
Completed strategic agreement with The Walt Disney Company (Disney purchased ~2.7M shares for ~$32.8M, ~2% equity); joint development of a new digital comics platform targeting a 2026 launch and 12 reformatted Disney titles already published on WEBTOON.
IP Adaptations Strength Over the Year
IP adaptation revenue grew 35.5% on a constant currency basis for full-year 2025; notable creative wins include Lore Olympus greenlit by Amazon MGM, 20 new anime projects in Japan in 2025, DARK MOON anime launch on Crunchyroll, and additional live-action adaptations in development.
Personalization / MPU Improvements
Evidence of improved personalization: company highlighted AI-driven recommendation progress and MPU growth resuming—global MPU grew 0.7% in Q4; Korea MPU grew 3.3% in Q4; Rest of World MPU grew 5.7% in Q4. Management plans to apply lessons from Korea to other regions.
Advertising and Higher-Margin Focus / Gross Margin Expansion Q4
Gross margin expanded by 100 basis points in Q4 to 24.3% (company notes potential to expand margin over time via cross-border content distribution and higher-margin businesses such as advertising).
Cost Discipline and Reduced G&A
Quarterly G&A reduced to $65.4 million from $77.8 million year-over-year; full-year G&A reduced to $259.5 million from $332.0 million, reflecting cost discipline.
Strong Balance Sheet and Cash Position
Year-end cash balance of $582 million plus $11 million in short-term deposits; $11.2 million generated in cash flow from operations for the year and management describes the model as capital-efficient with flexibility to invest long-term.
Regional Product/Infrastructure Milestones
Infrastructure investments expected to complete by end of Q1 2026 to redeploy engineering resources toward personalized recommendation tools; Japan infrastructure completion expected to support renewed growth.
WBTN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WBTN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $11.52 | $10.45 | -9.33% |
Nov 12, 2025 | $16.82 | $12.60 | -25.09% |
Aug 12, 2025 | $9.36 | $16.96 | +81.20% |
May 13, 2025 | $9.85 | $8.05 | -18.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does WEBTOON Entertainment Inc (WBTN) report earnings?
WEBTOON Entertainment Inc (WBTN) is schdueled to report earning on May 19, 2026, After Close (Confirmed).
What is WEBTOON Entertainment Inc (WBTN) earnings time?
WEBTOON Entertainment Inc (WBTN) earnings time is at May 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WBTN EPS forecast?
WBTN EPS forecast for the fiscal quarter 2026 (Q1) is -0.09.