Webtoon plunges as brokerages cut target price after results

Webtoon Entertainment

13/11/2025 16:20

** Shares of digital comics firm Webtoon Entertainment WBTN.O plunge 26.4% to $12.38

** Several brokerages cut their PTs after WBTN's downbeat revenue forecast and Q3 revenue after market hours on Wednesday

** WBTN forecasts Q4 revenue between $330 mln and $340 mln, lower than analysts' estimates of $353.8 mln, according to data compiled by LSEG

** Co's Q3 revenue of $378.04 mln below estimates of $385.1 mln

** JP Morgan cuts PT to $13 from $22; says volatility in results and external challenges such as advertiser pullback in Korea and regulatory actions continue to limit near-term visibility

** "Management remains committed to investing to maintain webcomic leadership, but WBTN is a show-me story that requires solid execution" - JP Morgan

** Deutsche Bank cuts PT to $19 from $25

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

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))