WEBTOON Entertainment Inc. WBTN R2K

Communication Services · Internet Content & Information · United States

https://www.about.webtoon.com

WEBTOON Entertainment Inc. operates a storytelling platform in the United States, Korea, Japan, and internationally. Its platform allows a community of creators and users to discover, create, and share new content. The company's platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novel platforms, optimized for reading serialized text-based content. It also provides hosting services for web-comics through web and mobile applications, and paid content, advertising and IP adaptations. The company was founded in 2005 and is headquartered in Los Angeles, California. WEBTOON Entertainment Inc. is a subsidiary of NAVER Corporation.

Market & Price

Market Cap

$1.66B

Current Price

$12.29

High / Low (52W)

$21.31 / $8.17

Beta

Valuation

Stock P/E

Industry PE

23.46

Forward P/E

37.82

PEG Ratio

Book Value

$8.95

Price to Book

1.37

P/S

1.21

EV/EBITDA

-94.27

Dividend Yield

Profitability & Returns

ROCE

-30.49%

ROE

-25.84%

ROA

-1.61%

Profit Margin

-24.17%

Op Margin

-2.50%

EPS (Latest Qtr)

$-0.07

EPS (TTM)

$-2.56

Balance Sheet & Liquidity

Debt/Equity

1.65

Quick Ratio

2.50

Current Ratio

2.72

Debt

$20.35M

Total Assets

$1.60B

Current Assets

$831.23M

Working Capital

$512.61M

Ownership

Promoter Holding

83.41%

Chg in Prom Hold

FII / Inst Holding

24.71%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$1.14B

Total Revenue (TTM)

$1.38B

EBITDA

$-12.12M

Free Cash Flow

$11.96M

Operating Cash Flow

$18.02M

Shares Outstanding

135.23M

Gross Margin

24.21%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

8.61%

Profit 5Y

-55.45%

Revenue (YoY)

-1.50%

Earnings (YoY)

PROS

Generates positive free cash flow.

CONS

Earnings shrank at -55.5% CAGR over 5 years.
Trading 42.3% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Communication Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WBTN WEBTOON Entertainment Inc. R2K	12.29	-	$1.66B	-	-30.49%	-25.84%	8.61%	-55.45%
2	GOOGL Alphabet Inc. NDXSPXAI	380.34	28.99	$4.61T	0.23%	32.40%	38.88%	12.51%	30.14%
3	META Meta Platforms, Inc. NDXSPXAI	632.51	22.99	$1.61T	0.33%	26.87%	32.93%	19.89%	37.61%
4	NFLX Netflix, Inc. NDXSPXAI	86.02	27.75	$362.21B	-	30.26%	48.49%	12.64%	34.71%
5	APP AppLovin Corporation NDXSPXAI	613.09	53.17	$205.96B	-	70.20%	-	24.84%	609.87%
6	TMUS T-Mobile US, Inc. NDXSPX	187.53	19.93	$202.95B	2.18%	9.27%	18.02%	3.53%	61.90%
7	VZ Verizon Communications Inc. SPX	47.81	11.66	$199.63B	5.92%	8.59%	17.20%	0.33%	-6.86%
8	DIS The Walt Disney Company SPX	101.83	16.29	$176.83B	1.47%	8.46%	11.01%	4.51%	58.00%
9	T AT&T Inc. SPX	24.80	8.16	$172.32B	4.48%	9.23%	18.37%	1.34%	119.18%

Quarterly Results

Figures in USD.

Metric	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	320.66M	317.76M	326.74M	320.97M	347.92M	325.71M	348.27M	378.04M	330.69M	320.87M
Cost of Revenue	-	-	-	-	-	254.10M	260.99M	295.27M	250.17M	237.82M
Gross Profit	-	-	-	-	-	71.61M	87.28M	82.77M	80.52M	83.05M
Operating Expenses	-	-	-	-	-	98.25M	96.04M	97.65M	94.35M	91.08M
Operating Income	-5.47M	-6.75M	14.19M	-79.10M	-8.09M	-26.63M	-8.76M	-14.88M	-13.84M	-8.03M
EBITDA	-	-	-	-	-	-10.98M	3.69M	-2.48M	-344.15M	1.89M
Interest Expense	-	-	-	-	-	2.00K	2.00K	2.00K	50.00K	17.00K
Pretax Income	-	-	-	-	-	-19.42M	-4.71M	-10.42M	-354.85M	-6.12M
Tax Provision	-	-	-	-	-	2.55M	-832.00K	626.00K	-18.36M	2.67M
Net Income	-20.12M	-11.18M	6.19M	-76.89M	19.75M	-22.39M	-4.33M	-11.65M	-307.56M	-9.46M
Diluted EPS	-0.18	-0.10	0.06	-0.70	0.15	-0.17	-0.03	-0.09	-2.36	-0.07

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	1.08B	1.28B	1.35B	1.38B
Cost of Revenue	806.38M	987.26M	1.01B	1.06B
Gross Profit	273.01M	295.49M	339.07M	322.18M
Operating Expenses	378.13M	323.08M	436.96M	386.29M
Operating Income	-105.12M	-27.59M	-97.89M	-64.11M
EBITDA	-82.58M	-94.31M	-109.19M	-353.92M
Interest Expense	844.00K	79.00K	45.00K	56.00K
Pretax Income	-118.15M	-132.75M	-149.31M	-389.41M
Tax Provision	14.37M	12.01M	3.60M	-16.02M
Net Income	-129.87M	-116.45M	-143.91M	-345.93M
Diluted EPS	-1.02	-0.92	-1.21	-

Compounded Sales Growth

5 Years:	8.61%
1 Year:	-1.50%

Compounded Profit Growth

5 Years:	-55.45%
1 Year:	-

Stock Price Performance

1 Year:	+39.82%
6 Months:	-15.53%
3 Months:	+9.24%
1 Month:	+0.16%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	2.02B	1.78B	1.94B	1.60B
Current Assets	-	555.44M	492.83M	836.37M	831.23M
Cash & Equivalents	-	279.71M	231.75M	572.40M	581.81M
Inventory	-	3.15M	8.19M	-	-
Receivables	-	104.88M	171.78M	169.19M	176.78M
Total Liabilities	-	505.12M	429.13M	378.87M	367.24M
Current Liabilities	-	336.21M	316.07M	313.22M	318.62M
Long Term Debt	-	-	-	-	-
Total Debt	-	53.56M	33.44M	17.24M	23.67M
Total Equity	1.08B	1.38B	1.25B	1.47B	1.17B
Shares Outstanding	-	126.89M	126.89M	128.59M	130.78M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-140.61M	14.80M	17.88M	11.22M
Investing Cash Flow	-50.70M	-51.98M	-17.28M	-7.50M
Financing Cash Flow	350.34M	-6.50M	353.87M	1.47M
Capital Expenditure	-21.19M	-22.34M	-13.15M	-17.91M
Free Cash Flow	-161.80M	-7.54M	4.73M	-6.70M
Net Change in Cash	159.03M	-43.68M	354.47M	5.18M

Ratios (Annual)

Figures in %.

Metric	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	25.3%	23.0%	25.1%	23.3%
Operating Margin %	-9.7%	-2.2%	-7.3%	-4.6%
Net Margin %	-12.0%	-9.1%	-10.7%	-25.0%
ROE %	-9.4%	-9.3%	-9.8%	-29.6%
ROCE %	-6.2%	-1.9%	-6.0%	-5.0%

Shareholding Pattern

Insiders

83.41%

Institutions

24.71%

Public Float

148.95%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Softbank Group Corporation	23.24%	31.43M	$386.31M
2	FMR, LLC	11.17%	15.11M	$185.72M
3	Blackrock Inc.	1.11%	1.49M	$18.37M
4	Morgan Stanley	0.96%	1.30M	$15.99M
5	Ameriprise Financial, Inc.	0.71%	958.97K	$11.79M
6	Geode Capital Management, LLC	0.42%	569.32K	$7.00M
7	Goldman Sachs Group Inc	0.39%	528.98K	$6.50M
8	Millennium Management Llc	0.33%	452.69K	$5.56M
9	State Street Corporation	0.31%	415.60K	$5.11M
10	ExodusPoint Capital Management, LP	0.27%	363.84K	$4.47M

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WBTN · Communication Services