This is a paid press release. Contact the press release distributor directly with any enquiries.
WEBTOON <a href="https://comicvibe.com/are-consumer-discretionary-stocks-lagging-accel-entertainment-acel-this-year/” title=”Are Consumer Discretionary Stocks Lagging Accel Entertainment (ACEL) This Year?”>Entertainment Inc. Reports Third Quarter 2026 Financial Results
- WBTN
+2.69%
Delivered Reported Revenue and Adjusted EBITDA Within Guidance Ranges
Third Quarter Revenue Decline of4.0%; Revenue Growth on a Constant Currency Basis of0.2%
Net Loss of $7.5 million; Adjusted EBITDA of $2.2 million
Strong Balance Sheet With Cash and Cash Equivalents of Approximately $548.4 million and No Debt
LOS ANGELES, Nov. 09, 2026 (GLOBE NEWSWIRE) — WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON Entertainment” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced results for its third quarter ended September 30, 2026.
Third Quarter 2026 Highlights (vs. Third Quarter 2025)
-
Total revenue of $362.8 million decreased 4.0%, driven by declines in Paid Content and IP Adaptations, partially offset by growth in Advertising.
-
Revenue on a constant currency basis was $378.6 million, increasing 0.2%, driven by growth in Paid Content and Advertising, partially offset by a decline in IP Adaptations.
-
Net Loss was $7.5 million, compared to $11.1 million in the prior year. The improvement was driven primarily by higher gross profit and an income tax benefit, partially offset by increased marketing investment and higher foreign currency losses.
-
Adjusted EBITDA was $2.2 million, compared to $5.1 million in the prior year, primarily due to higher foreign currency losses. Adjusted EBITDA Margin was 0.6%, compared to 1.4% in the prior year.
-
Diluted loss per share was $0.06, compared to diluted loss per share of $0.09 in the prior year.
-
Adjusted Earnings Per Share was $0.02, compared to $0.04 in the prior year.
-
Cash and cash equivalents of approximately $548.4 million plus another $13.3 million of short-term deposits included in prepaid expenses and other current assets, net.
-
Net cash provided by operating activities was $6.2 million for the quarter, compared to $16.5 million in the prior year quarter.
Junkoo Kim, Founder and CEO, said, “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.”
Kim continued, “Our strategy is working across the business. On-platform, we are strengthening how readers discover and engage with stories; Off-platform, we are turning our IP into global franchises across diverse formats; and through collaborations, we are extending our reach to new audiences. Each reinforces the other, and together they position us for durable, long-term growth. This is the future of storytelling, and WEBTOON is building it.”
