Strong Revenue Growth
WEBTOON achieved a 9.5% year-over-year revenue growth on a reported basis and 13.5% on a constant currency basis, with growth across all regions and revenue streams.
Increased Profitability
Gross profit expanded by over 300 basis points year-over-year, with adjusted EBITDA reaching $28.9 million, significantly higher than the same quarter in 2023.
Growth in Paid Content and Advertising
Paid content revenue grew 12.7% on a constant currency basis, while advertising revenues increased by 24.3% year-over-year.
Record Performance in Japan
Japan posted a 25% revenue growth on a constant currency basis, driven by significant growth in each revenue stream during its seasonally strongest quarter.
Successful IP Adaptation
Multiple successful launches and developments in IP adaptation, including partnerships with Netflix and Amazon Prime.