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WEBTOON Entertainment Inc (WBTN)
NASDAQ:WBTN
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.18Last Year’s EPS
-0.75Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -9.97%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
WEBTOON's third quarter showed strong revenue growth and profitability, driven by successful expansion in key regions like Japan and strategic initiatives in paid content and advertising. However, challenges such as declining MAU due to strategic shifts and external factors like government bans in certain markets were notable setbacks. Currency fluctuations also posed potential risks moving forward.Company Guidance
During the WEBTOON Entertainment Q3 2024 earnings call, the executives provided guidance for the fourth quarter, projecting revenue growth between 10.3% to 13.3% on a constant currency basis, equating to an anticipated revenue range of $375 million to $385 million. The company also projected adjusted EBITDA to fall between $9 million and $14 million, representing a margin range of 2.4% to 3.6%, with potential currency fluctuations impacting revenue and EBITDA by approximately $20 million and $2 million, respectively. The call highlighted a strong third-quarter performance with 13.5% revenue growth on a constant currency basis and a significant increase in adjusted EBITDA to $28.9 million, driven by robust advertising growth and enhanced user engagement through AI-driven personalization.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.
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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
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WBTN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.73 | $10.83 | -7.67% |
| Aug 08, 2024 | $20.63 | $12.75 | -38.20% |
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.
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FAQ
When does WEBTOON Entertainment Inc (WBTN) report earnings?
WEBTOON Entertainment Inc (WBTN) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is WEBTOON Entertainment Inc (WBTN) earnings time?
WEBTOON Entertainment Inc (WBTN) earnings time is at Feb 25, 2025, TBA Not 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 2024 (Q4) is -0.18.
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