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AI brief of an SEC Form 8-K · WEBTOON Entertainment Inc. (WBTN)

WEBTOON Q1 revenue fell 1.5% to $320.9 million; net loss narrowed to $8.8 million

Mixed Impact 3 of 5 earnings Written later

WEBTOON Entertainment reported first quarter 2026 results for the period ended March 31, 2026. Total revenue fell 1.5% year over year to $320.9 million, but the net loss narrowed to $8.8 million from $22.0 million and Adjusted EBITDA rose 132% to $9.5 million, which the company attributed to better gross profit and cost controls. The company also guided second quarter revenue to $332-$342 million and Adjusted EBITDA to $0.0-$5.0 million.

Key points

  • Total revenue was $320.9 million, down 1.5% year over year; on a constant currency basis, revenue grew 0.2% to $326.4 million.
  • Net loss was $8.8 million, compared with $22.0 million a year earlier; diluted loss per share was $0.07, compared with $0.17.
  • Adjusted EBITDA was $9.5 million, up from $4.1 million, with an Adjusted EBITDA Margin of 3.0% versus 1.3%.
  • For the second quarter of 2026, the company expects revenue of $332-$342 million based on current FX rates and Adjusted EBITDA of $0.0-$5.0 million.

The filing

CompanyWEBTOON Entertainment Inc. (WBTN)
Form8-K, current report
Filed with the SECMay 11, 2026, 4:16 PM ET
Accession number0001997859-26-000070

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.