WEBTOON Q2 Revenue Misses, Guides Q3 EBITDA Near Breakeven
WBTN is trading near its 52-week low of $8.3 (7.1% above the low) on elevated volume (1.8× avg).
Summary
WEBTOON's Q2 revenue slipped 2.8% to $338.47M, narrowly missing the $339.46M consensus, driven by weakness in Paid Content and IP Adaptations. Adjusted EPS of $0.04 beat expectations of a $0.07 loss, but the net loss widened to $14.58M on higher marketing spend. Q3 guidance calls for revenue of $358-$368M and adjusted EBITDA of just $0-$5M, signaling margin pressure. The company also announced a strategic investment in RI Games Holdings to push IP into gaming. With shares at $8.89 and a $1.28B market cap, the revenue miss and soft EBITDA outlook reinforce concerns about growth and profitability.
At the time of this announcement, WBTN was trading at $8.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.30 to $22.47. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.