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WBTN — Webtoon Entertainment News Story

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Brief: WEBTOON Entertainment Inc Q2 Revenue USD 348.271 Million Vs. IBES Estimate USD 341.6 Million

Overview

WEBTOON Q2 revenue rises 8.5%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, despite net loss of $3.9 mln

Company announces strategic collaboration with Disney for iconic comics

Outlook

WEBTOON expects Q3 revenue growth of 9.4%-12.2% on constant currency basis

Company anticipates Q3 revenue between $380 mln and $390 mln, based on current FX rates

WEBTOON forecasts Q3 adjusted EBITDA of $2 mln-$7 mln

Company sees Q3 adjusted EBITDA margin of 0.5%-1.8%

Result Drivers

REVENUE GROWTH - Driven by increases in Paid Content, Advertising, and IP Adaptations

COST MANAGEMENT - Lower general & administrative expenses contributed to reduced net loss

APP UPDATES - Recent updates to the webcomic app aimed at increasing user engagement

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$348.27 mln$341.60 mln (7 Analysts)
Q2 Adjusted EPSBeat$0.07-$0.15 (7 Analysts)
Q2 EPS-$0.03
Q2 Net Income-$3.88 mln
Q2 Operating Income-$8.76 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the online services peer group is "buy" Wall Street's median 12-month price target for Webtoon Entertainment Inc is $11.00, about 16.9% above its August 11 closing price of $9.14 Press Release: ID:nGNX6y2VpF (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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