WEBTOON Q2 revenue slightly misses estimates on lower Paid Content and IP Adaptations

Webtoon Entertainment

10/08/2026 21:39

Overview
Digital comics platform's Q2 revenue declined 2.8%, slightly missing analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company announced strategic investment in RI Games Holdings to expand IP into gaming

Outlook
WEBTOON Entertainment expects Q3 revenue of $358-$368 mln based on current FX rates
Company expects Q3 adjusted EBITDA in the range of $0.0-$5.0 mln
Company says ongoing AI and IP initiatives expected to drive engagement and long-term value

Result Drivers
REVENUE MIX - Revenue decline driven by lower Paid Content and IP Adaptations, partially offset by growth in Advertising
MARKETING SPEND - Net loss and lower Adjusted EBITDA attributed to increased marketing investment

Company press release: ID:nGNXDpPgs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$338.47 mln
$339.46 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$0.04
-$0.07 (6 Analysts)
Q2 Loss Per Share
 
$0.11
 
Q2 Net Loss
 
$14.58 mln
 
Q2 Operating Income
 
-$15.57 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 $12.50, about 40% above its August 7 closing price of $8.93

Reuters Recommended Reads
Aug 10 - Viant Technology Q2 revenue beats estimates on attention intelligence integration
Aug 10 - GameSquare Q2 revenue jumps 137% on recent acquisitions 
Aug 10 - China's Sohu.com Q2 revenue rises on growth in online gaming

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)