WEBTOON Entertainment
Operates storytelling platforms for webcomics, webnovels, paid content, ads, and screen adaptations.
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Profile
Runs WEBTOON and Wattpad platforms for serialized webcomics and webnovels, earning from paid content, advertising, and IP adaptations. The business spans Korea, Japan, and the rest of world, with revenue concentrated more in Korea and Japan than its global user mix.
Runs a creator-and-fan storytelling ecosystem built around WEBTOON webcomics, Wattpad webnovels, CANVAS creator tools, paid-content access, advertising, and IP adaptations through production studios. It operates as one reportable segment because the revenue streams share technology, content, and creator relationships.
Korea and Japan carry more of the monetized business, while the user base is spread across the rest of world. The platform's execution rests on keeping creators supplied with economics and discovery tools, turning readers into paying users, and adapting stories into formats that travel beyond the app.
NAVER remains the controlling shareholder, and Disney is a current platform and equity partner for a digital comics service. The business depends on engagement, creator supply, content quality, platform competition, IP protection, and partner execution.
Company facts
Categories
Key statistics
Year to date −22.6% · Average volume (30d) 429.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Evercore ISI | Reiterate | Outperform | $15 | $12 |
| May 13, 2026 | Deutsche Bank | Target | $11 | $13 | |
| Mar 4, 2026 | Evercore ISI | Target | $30 | $15 | |
| Nov 14, 2025 | UBS | Target | $13 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.07 | −$0.11 | −52.5% | $339.9M | $338.5M | −0.4% | −6.77% |
| May 11, 2026Q1 FY26 | −$0.05 | $0.01 | +120.0% | $321.6M | $320.9M | −0.2% | −8.64% |
| Mar 3, 2026Q4 FY25 | −$0.11 | −$2.36 | −2,045.5% | $337.2M | $330.7M | −1.9% | −9.29% |
| Nov 12, 2025Q3 FY25 | −$0.05 | $0.04 | +186.6% | $384.7M | $378.0M | −1.7% | −25.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $325.7M | $348.3M | $378.0M | $330.7M | $320.9M | $338.5M | |
| Gross profit | $71.6M | $87.3M | $82.8M | $80.5M | $83.0M | $88.1M | |
| Operating income | −$26.6M | −$8.8M | −$14.9M | −$13.8M | −$8.0M | −$15.6M | |
| Net income | −$22.5M | −$4.3M | −$11.6M | −$307.6M | −$9.5M | −$15.2M | |
| Diluted EPS | −$0.17 | −$0.03 | −$0.09 | −$2.36 | −$0.07 | −$0.11 | |
| Gross margin | 22.0% | 25.1% | 21.9% | 24.3% | 25.9% | 26.0% | |
| Operating margin | -8.2% | -2.5% | -3.9% | -4.2% | -2.5% | -4.6% |
Fiscal years (4-quarter sums)FY22 $1.08B · FY23 $1.28B · FY24 $1.35B · FY25 $1.38B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $583.1M · Total debt $22.6M · Total assets $1.59B · Shareholders' equity $1.16B
Dividends
No dividends on record.
Ownership
Shares outstanding 135.23M · Float 22.11M · 16.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| NAVER Corporation | 80.35M | 62.60% | 13G | Nov 1, 2024 |
| SoftBank Group Corp. | 31.43M | 23.24% | 13F | Aug 14, 2026 |
| LY Corp | 31.43M | 24.50% | 13G | Nov 1, 2024 |
| FMR LLC | 15.28M | 11.30% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 1.89M | 1.40% | 13F | Aug 7, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Walt Disney
Partner and rival for comics IP, fandom, and screen time
- Netflix
Streaming rival for fandom time and adaptation projects
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WEBTOON Entertainment | $10.24 | +0.10% | $1.38B | — | — | 1.0 | −2.8% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Median | 24.0 | 19.1 | 4.5 | +10.2% |




