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MARKETS / NASDAQ / WBTN
NASDAQ · MISCELLANEOUS PUBLISHING · MID CAP

Webtoon Entertainment Inc. WBTN

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 2.5% YoY
$-345.9M
$3.6M
▼ 76.8% YoY
In brief

What this company does

Paid Content revenue represents revenue generated from the sale of content on the platform to users, primarily long-form stories serialized into short-form image- or text-based pieces released on a weekly schedule. Advertising revenue represents revenue earned for the display of advertisements on the platform, including in-stream placement within content. IP Adaptations revenue comprises revenue generated from adaptations of content into other media formats such as films, streaming series, games and merchandise. It relies on the infrastructure of its parent, NAVER, to process video, audio and images.

Written from the business description in WEBTOON Entertainment Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.4B
Revenue, FY2025 · full 4-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income -0.3
0.5B1.0B-0.2B2022202320242025
Compound annual growth
+8.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−27 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.6% · Net -27.0%
-10%-20%2022202320242025
ROE
FY2025 · ROE -26.2%
-10%-20%2022202320242025

Each USD of equity lost 26 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 3.6
-50M-100M2022202320242025

Total assetsUSD 1.6B
EquityUSD 1.2B
CashUSD 581.8M
Current ratio2.61×

Equity funds 73% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022
Revenue $B1.41.31.31.1
Operating income $B−0.1−0.1−0.0−0.1
EBITDA $B−0.0−0.10.0−0.1
Income tax $B−0.00.00.00.0
Net income $B−0.3−0.1−0.1−0.1
Free cash flow $B0.00.00.0−0.1
EPS, diluted $−2.66−1.21−1.06−1.22
Dividend / sh $····
Payout %····
ROE %−26.2−10.6−9.3·
Shares out B0.130.130.11·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 14 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Publishing
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2022

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