Refile: BUZZ-Webtoon tanks on dour forecast, Q3 revenue misses estimates

Webtoon Entertainment

12/11/2025 21:20

Corrects spelling of revenue in bullet 4

** Shares of storytelling platform Webtoon Entertainment WBTN.O down ~21% at $13.34 in extended trading

** Webtoon forecasts revenue decline between 2.3% and 5.1% in Q4, while analysts estimated a rise of 12.3%, according to 6 analysts polled by LSEG

** Expects adjusted core loss of $1.5 million to $6.5 million in Q4 vs estimate of adjusted core profit of $12.5 million

 ** Reports Q3 revenue of $378 mln, below estimates of $385.1 mln

** Separately, company says it partnered with Warner Bros. Animation to co-produce 10 Webtoon series for global distribution

** Up to last close, stock had risen ~24% this year

 (Reporting by Akash Sriram in Bengaluru)

 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))