WBTN · WEBTOON Entertainment Inc.
$10.79
-0.18 (-1.64%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$1.50B
Shares
135.71M
Volume · Sep 30
253.05K
Avg daily vol (3M)
394.49K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$10.79
Open$11.04
Day$10.78–11.09
52W close$8.25–19.41
Avg vol 30d429K
Short int3.7M · 2.7% float · 9.2d
Short vol69%
Last earningsAug 10, 2026
DataJun 2024–Sep 2026
Filing10-Q · Aug 10
Up next
Next earnings call
Nov 10, 2026
Est · unconfirmed
· in 6 wks
filed Aug 10, 2026
call held Aug 10, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$1.37B
Trailing 12 months
Net income (TTM)
−$343.92M
Trailing 12 months
Revenue growth YoY
-2.8%
Year over year
Operating margin
-3.8%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-0.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+3.8%
Year over year · more shares
Price change (1Y)
-44.4%
Trailing year
Short interest
2.7%
Latest settlement · 9.2 days to cover
AI Brief
Q2 FY26 earnings call · Aug 10, 2026
Q2 FY26
TL;DR. WEBTOON reported Q2 revenue of $338.5M (down 2.8% YoY but up 5.2% constant currency) and adjusted EBITDA of $5.5M, beating the high end of guidance, while net loss widened to $14.6M from $3.9M on higher marketing and tax expense; the company announced a 60% strategic investment in RI Games Holdings (~$100M) and a $100M IP Adaptation fund with NAVER, and reaffirmed an exit-Q4 double-digit revenue growth objective alongside Q3 guidance of 0.7%-3.3% constant currency revenue growth and $0-$5M adjusted EBITDA.
Bullish
- + Q2 constant-currency revenue grew 5.2% driven by gains across all three revenue streams.
- + Korea delivered 20% constant-currency revenue growth with broad-based MAU, MPU, and ARPPU gains.
- + Adjusted EBITDA of $5.5M exceeded the high end of prior guidance.
- + Gross margin expanded approximately 100 basis points to 26% in Q2.
Bearish
- − Net loss widened to $14.6M from $3.9M year-over-year on higher marketing and tax expense.
- − Reported revenue declined 2.8% YoY to $338.5M and Paid Content revenue declined 4.0%.
- − Cash flow from operations swung to a $6.3M outflow from a $5.7M inflow in the prior year quarter.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 16.3 · calm
Equity put/call 0.53
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−3%
below
Price vs 50-day avg
+10%
above
RSI (14)
55
neutral
MACD trend
Negative
52-week position
23%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+5%
trailing
6-month return
−1%
trailing
YTD return
−17%
this year
Relative strength
−13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $10 › 200d $11 — 200d above 50d
Institutional flow
Distributing
-1% holders QoQ · +15 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
2.75% of float · ▼ -8.1% MoM · 9.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
100 holders — near 2-yr high, broad support
Squeeze score
57
elevated · 0–100
Fundamentals
Revenue growth
+3%
Y/Y
EPS growth
−120%
Y/Y
Free cash flow
$3.6M
Balance sheet
$572.4M
net cash
Quant / Vol
risk profile
Volatility
59%
annualized · 1-yr
Max drawdown
−58%
past year
ATR
4.6%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Aug 10, 2026
Revenue growth on a constant currency basis
· Third Quarter 2026
Non-GAAP
Initiated
$358M – $368M
Prior guidance
period ended
· from the Earnings Call filed May 11, 2026
Revenue
· second quarter of 2026
$332M – $342M
Guided vs delivered
· last 1 settled
Revenue
second quarter of 2026
guided $332M – $342M
$338.47M
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−3%
Neutral
Price vs 50-day avg
+10%
Bullish
RSI (14)
55
Neutral
MACD trend
Negative
Bearish
52-week position
23%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $10 › 200d $11 — 200d above 50d
Institutional flow
Distributing
-1% holders QoQ · +15 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
2.75% of float · ▼ -8.1% MoM · 9.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
100 holders — near 2-yr high, broad support
Price context
position in its 52-week range
Range low $8
Now $11 · 23%
Range high $19
vs 200-day avg -3%
vs 50-day avg +10%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Earnings Per Share non-GAAP | $0.04 | Q2 2026 | — |
| Adjusted EBITDA non-GAAP | $5.5M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP EBITDA -$4.77M
+$12.11M Stock-based compensation expense
+$1.11M Restructuring, advisory and legal fees
-$1.99M (Gain) loss on fair value instruments, net
-$988K (Gain) loss on equity method investments, net
= Adjusted EBITDA $5.48M
|
|||
| Adjusted EBITDA Margin non-GAAP | 2.3% | H1 2026 | — |
| Advertising Revenue on a Constant Currency Basis non-GAAP | $50.4M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Advertising Revenue $47.12M
+$3.28M Effects of foreign currency rate fluctuations
= Advertising Revenue on a Constant Currency Basis $50.41M
|
|||
| ARPPU | $11.7 | the quarter ended June 30, 2026 filing | — |
| Cash outflow from operations | $6.3M | Second Quarter 2026 | — |
| Global ARPPU CC non-GAAP | $12.7 | Second Quarter 2026 | — |
| Global MAU | 156.9M | Second Quarter 2026 | — |
| Global MPU | 7.5M | Second Quarter 2026 | — |
| Global Revenue on a constant currency basis non-GAAP | $366.4M | Second Quarter 2026 | — |
GAAP → non-GAAP reconciliationGAAP Total Revenue $338.47M
+$27.93M Effects of foreign currency rate fluctuations
= Revenue on a Constant Currency Basis $366.39M
|
|||
| IP Adaptations Revenue on a Constant Currency Basis non-GAAP | $29.3M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP IP Adaptations Revenue $27.4M
+$1.91M Effects of foreign currency rate fluctuations
= IP Adaptations Revenue on a Constant Currency Basis $29.31M
|
|||
| Japan ARPPU | $22.3 | H1 2026 | — |
| Japan ARPPU on a Constant Currency Basis non-GAAP | $23.8 | H1 2026 | — |
| Japan MAU | 21.8M | Q2 2026 | — |
| Japan MPU | 2.1M | Q2 2026 | — |
| Japan Paying Ratio | 9.4% | Q2 2026 | — |
| Korea ARPPU | $8 | H1 2026 | — |
| Korea ARPPU on a Constant Currency Basis non-GAAP | $8.4 | H1 2026 | — |
| Korea MAU | 24.3M | Q2 2026 | — |
| Korea MPU | 3.8M | Q2 2026 | — |
| Korea Paying Ratio | 15.5% | Q2 2026 | — |
| Monthly active users | 155M | Q2 2026 | — |
| Monthly Active Users ("MAU") | 156.9M | Q2 2026 | — |
| Monthly Paying Users ("MPU") | 7.5M | Q2 2026 | — |
| Paid Content Average Revenue Per Paying User ("ARPPU") | $11.7 | Q2 2026 | — |
| Paid Content Revenue on a Constant Currency Basis non-GAAP | $286.7M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Paid Content Revenue $263.94M
+$22.74M Effects of foreign currency rate fluctuations
= Paid Content Revenue on a Constant Currency Basis $286.68M
|
|||
| Paying ratio | 4.8% | Second Quarter 2026 | — |
| Rest of World ARPPU | $6.8 | H1 2026 | — |
| Rest of World ARPPU on a Constant Currency Basis non-GAAP | $6.8 | H1 2026 | — |
| Rest of World MAU | 110.7M | Q2 2026 | — |
| Rest of World MPU | 1.7M | Q2 2026 | — |
| Rest of World Paying Ratio | 1.5% | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Internet Content & Information — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WBTN
this stock
WEBTOON Entertainment Inc.
|
$1.50B | -17.2% | +2.5% | — | 2.7% |
|
GOOGL
Alphabet Inc.
|
$4.21T | +9.9% | +15.1% | 17.3 | 0.7% |
|
META
Meta Platforms, Inc.
|
$1.91T | +9.9% | +47.1% | 28.3 | 1.2% |
|
SPOT
Spotify Technology S.A.
|
$104.87B | -16.1% | — | — | 2.2% |
|
NBIS
Nebius Group N.V.
|
$60.26B | +181.8% | +479.0% | — | 18.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WBTN | +0.5% | +4.6% | -1.1% | +2.4% | -17.2% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | +1.1% | +4.4% | -13.3% | +3.0% | -29.0% |