WEBTOON Entertainment Announces Preliminary 2024 Results

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WEBTOON Entertainment Inc. Announces Preliminary 2024 Results

Los Angeles, February 6, 2025 -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) announced preliminary, unaudited results for Q4 and full-year 2024.

Full-year 2024 highlights: Total revenue of approximately $1.347 billion ($1.433 billion on a constant currency basis); net income range of approximately $(158) to $(152) million; Adjusted EBITDA range of approximately $67 to $68 million.

Q4 2024 highlights: Total revenue of approximately $351 million ($367 million on a constant currency basis); net income range of approximately $(107) to $(101) million; Adjusted EBITDA range of approximately $(4.5) to $(3.5) million; cash and cash equivalents of approximately $572 million.

WEBTOON Entertainment will report full Q4 and full-year 2024 results after market close on February 25, 2025, followed by a conference call at 4:30 p.m. ET.

About WEBTOON Entertainment Inc.

WEBTOON Entertainment is a leading global entertainment company and home to some of the world's largest storytelling platforms. As the global leader and pioneer of the mobile webcomic format, WEBTOON Entertainment has transformed comics and visual storytelling for fans and creators. With its CANVAS UGC platform empowering anyone to become a creator, and a growing roster of superstar WEBTOON Originals creators and series, WEBTOON Entertainment’s passionate fandoms are the new face of pop culture. WEBTOON adaptations are available on Netflix, Prime Video, Crunchyroll, and other screens around the world, and the Company’s content partners include Discord, HYBE, and DC Comics, among many others. With approximately 170 million monthly active users, WEBTOON Entertainment’s IP & Creator Ecosystem of aligned brands and platforms include WEBTOON, Wattpad--the world’s leading webnovel platform-- Wattpad WEBTOON Studios, Studio N, Studio LICO, WEBTOON Unscrolled, LINE MANGA, and eBookJapan, among others.

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