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Jun 30
WEBTOON Entertainment Inc Q2 2025 Earnings Report
WEBTOON Entertainment reported its Q2 2025 results with revenue and adjusted EBITDA exceeding the top end of guidance.
Key Takeaways
The company posted strong Q2 2025 results with $348.3M in revenue and narrowed net loss to $3.9M, supported by growth across Paid Content, Advertising, and IP Adaptations.
Total revenue reached $348,271,000 driven by growth in all major segments.
Adjusted EBITDA was $9,662,000, exceeding internal guidance.
Net loss significantly narrowed to $3,883,000 from $76,568,000 last year.
Strong cash position with $581,546,000 in cash and no debt.
WEBTOON Entertainment Inc
WEBTOON Entertainment Inc
WEBTOON Entertainment Inc Revenue by Segment
WEBTOON Entertainment Inc Revenue by Geographic Location
Revenue by Segment
Paid Content Revenue
CapyFin.comAdvertising Revenue
CapyFin.comIP Adaptations Revenue
CapyFin.comRevenue by Geographic Location
Korea Revenue
CapyFin.comJapan Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
WEBTOON expects Q3 2025 revenue between $380M–$390M and adjusted EBITDA between $2M–$7M, with constant currency revenue growth of 9.4%–12.2%.
Positive Outlook
- Revenue growth expected in all three revenue streams.
- Guided adjusted EBITDA remains positive.
- Strong momentum from new platform investments.
- Global content strategy with Disney collaboration.
- Improved user engagement across English-language webcomic app.
Challenges Ahead
- Adjusted EBITDA margin expected to decline to 0.5%-1.8%.
- Higher marketing and content investments may pressure margins.
- Currency headwinds remain a factor in global markets.
- Comparisons to a strong Q2 create higher performance expectations.
- Ongoing need to invest heavily in user acquisition and platform updates.