WEBTOON Entertainment Beats Q3 Earnings Estimates, Issues Revenue Guidance Above Forecasts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) reported third-quarter 2026 adjusted earnings of $0.02 per share, exceeding analysts’ expectations of $0.01, while revenue of $362.8 million also surpassed market estimates. Shares declined 1.21% in premarket trading following the announcement.

Revenue fell 4.0% year-on-year but increased 0.2% on a constant-currency basis. Growth in Paid Content and Advertising was partially offset by lower revenue from IP Adaptations.

Net Loss Narrows as Adjusted EBITDA Declines

WEBTOON reported a quarterly net loss of $7.5 million, or $0.06 per diluted share, compared with a loss of $11.1 million, or $0.09 per share, in the corresponding period of 2025.

Adjusted EBITDA declined to $2.2 million from $5.1 million a year earlier, primarily reflecting higher foreign exchange losses.

Founder and Chief Executive Officer Junkoo Kim commented on the results:

“We delivered third quarter reported revenue and Adjusted EBITDA within our guidance ranges while continuing to invest with discipline in our next phase of growth, and we are confident in our return to double-digit revenue growth in the fourth quarter.”

Fourth-Quarter Revenue Forecast Exceeds Analyst Consensus

WEBTOON expects fourth-quarter revenue of between $371 million and $381 million, with a midpoint of $376 million, compared with analysts’ consensus estimate of $355.4 million.

The company forecasts constant-currency revenue growth of 9.0% to 12.0% and adjusted EBITDA ranging from breakeven to $5.0 million.

Cash Position and Operating Cash Flow

WEBTOON ended the quarter with approximately $548.4 million in cash and cash equivalents and reported no debt.

Net cash provided by operating activities totalled $6.2 million, compared with $16.5 million in the third quarter of 2025.

The company’s fourth-quarter guidance indicates expectations for higher revenue, while its profitability outlook and operating cash flow remain relevant measures of financial performance.

Webtoon Entertainment stock price