WEBTOON Entertainment Q1 Adj. EBITDA $9.5M (+132%); Net Loss $8.8M
WEBTOON Entertainment Inc. reported its first quarter 2026 financial results, with Adjusted EBITDA significantly increasing by 132% year-over-year to $9.5 million, well above guidance. The company's net loss improved to $8.8 million from $22.0 million in the prior year. Total revenue declined 1.5% to $320.9 million, but grew 0.2% on a constant currency basis to $326.4 million, driven by Paid Content and Advertising growth, partially offset by a decline in IP Adaptations. The company announced strategic investments of $50 million in its creator ecosystem, launched a unified international CANVAS platform with AI-powered translation, and expanded partnerships with Disney and Xbox for new webcomic series. Yongsoo Kim was also elevated to President to lead global operations.
Key Highlights
- Adjusted EBITDA reached $9.5 million, a 132% increase year-over-year.
- Net Loss improved to $8.8 million from $22.0 million in Q1 2025.
- Total revenue was $320.9 million, a 1.5% decline year-over-year.
- Revenue on a constant currency basis grew 0.2% to $326.4 million.
- Diluted loss per share was $0.07, down from $0.17 in Q1 2025.
- Cash and cash equivalents stood at $594.9 million with no debt.
- Q2 2026 revenue guidance: $332-$342 million (1.7%-4.6% CC growth).
- Q2 2026 Adjusted EBITDA guidance: $0.0-$5.0 million.