WEBTOON Entertainment (WBTN) Financials

$14.32 -0.73 (-4.85%)

As of 03:16 PM Eastern

Annual Income Statements for WEBTOON Entertainment

This table shows WEBTOON Entertainment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-130	-116	-144
Consolidated Net Income / (Loss)	-133	-145	-153
Net Income / (Loss) Continuing Operations	-133	-145	-153
Total Pre-Tax Income	-118	-133	-149
Total Operating Income	-115	-36	-101
Total Gross Profit	273	295	339
Total Revenue	1,079	1,283	1,348
Operating Revenue	1,079	1,283	1,348
Total Cost of Revenue	806	987	1,009
Operating Cost of Revenue	806	987	1,009
Total Operating Expenses	388	332	440
Selling, General & Admin Expense	208	211	332
Marketing Expense	180	121	108
Total Other Income / (Expense), net	-3.44	-96	-49
Interest Expense	0.84	0.08	0.05
Interest & Investment Income	-3.53	-9.33	15
Other Income / (Expense), net	0.94	-87	-63
Income Tax Expense	14	12	3.60
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.65	-28	-9.01
Basic Earnings per Share	($1.22)	($1.06)	($1.21)
Weighted Average Basic Shares Outstanding	106.50M	109.51M	119.23M
Diluted Earnings per Share	($1.22)	($1.06)	($1.21)
Weighted Average Diluted Shares Outstanding	106.50M	109.51M	119.23M
Weighted Average Basic & Diluted Shares Outstanding	-	-	128.86M

This table shows WEBTOON Entertainment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-20	-11	6.19	-77	20	-22
Consolidated Net Income / (Loss)	-20	-11	6.23	-77	20	-22
Net Income / (Loss) Continuing Operations	-20	-11	6.23	-77	20	-22
Total Pre-Tax Income	-8.55	-5.52	13	-75	10	-19
Total Operating Income	-5.47	-6.75	14	-79	-8.09	-27
Total Gross Profit	81	72	82	83	91	72
Total Revenue	321	318	327	321	348	326
Operating Revenue	321	318	327	321	348	326
Total Cost of Revenue	240	246	244	238	257	254
Operating Cost of Revenue	240	246	244	238	257	254
Total Operating Expenses	87	79	68	162	99	98
Selling, General & Admin Expense	53	46	49	139	67	67
Marketing Expense	33	33	19	23	33	32
Total Other Income / (Expense), net	-3.08	1.23	-1.29	4.44	18	7.21
Interest Expense	0.02	0.02	0.03	0.01	0.00	0.00
Interest & Investment Income	3.03	1.97	0.18	2.16	6.37	4.54
Other Income / (Expense), net	-6.09	-0.72	-1.44	2.28	12	2.67
Income Tax Expense	11	5.93	6.67	1.91	-9.90	2.55
Net Income / (Loss) Attributable to Noncontrolling Interest	0.74	-0.55	0.04	0.63	0.47	0.42
Basic Earnings per Share	($0.18)	($0.10)	$0.06	($0.70)	$0.15	($0.17)
Weighted Average Basic Shares Outstanding	109.51M	109.51M	109.51M	110.10M	128.33M	129.60M
Diluted Earnings per Share	($0.18)	($0.10)	$0.06	($0.70)	$0.15	($0.17)
Weighted Average Diluted Shares Outstanding	109.51M	109.51M	109.56M	110.10M	130.82M	129.60M
Weighted Average Basic & Diluted Shares Outstanding	-	-	-	128.27M	128.31M	130.19M

This table details how cash moves in and out of WEBTOON Entertainment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	139	-48	341
Net Cash From Operating Activities	-141	15	18
Net Cash From Continuing Operating Activities	-141	15	18
Net Income / (Loss) Continuing Operations	-133	-145	-153
Consolidated Net Income / (Loss)	-133	-145	-153
Depreciation Expense	35	38	40
Non-Cash Adjustments To Reconcile Net Income	32	119	176
Changes in Operating Assets and Liabilities, net	-75	2.26	-45
Net Cash From Investing Activities	-51	-52	-17
Net Cash From Continuing Investing Activities	-51	-52	-17
Purchase of Property, Plant & Equipment	-2.70	-10	-2.40
Acquisitions	-33	-13	-20
Purchase of Investments	-29	-8.70	-1.00
Sale of Property, Plant & Equipment	0.61	0.66	6.50
Divestitures	-0.52	7.43	5.62
Sale and/or Maturity of Investments	17	-17	-6.38
Other Investing Activities, net	-3.00	-11	0.21
Net Cash From Financing Activities	350	-6.50	354
Net Cash From Continuing Financing Activities	350	-6.50	354
Repayment of Debt	-107	-6.34	-3.61
Repurchase of Common Equity	-11	0.00	-11
Payment of Dividends	-14	0.00	0.00
Issuance of Debt	77	0.38	0.00
Issuance of Common Equity	408	0.00	370
Other Financing Activities, net	-2.02	-0.54	-1.10
Effect of Exchange Rate Changes	-20	-4.29	-14
Cash Interest Paid	0.70	0.09	0.09
Cash Income Taxes Paid	29	27	26

This table details how cash moves in and out of WEBTOON Entertainment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	25	7.50	-13	13	-13	-22
Net Cash From Operating Activities	48	7.29	24	4.15	-8.66	-19
Net Cash From Continuing Operating Activities	48	7.29	24	4.15	-8.66	-19
Net Income / (Loss) Continuing Operations	-11	-95	6.23	20	-103	-22
Consolidated Net Income / (Loss)	-11	-95	6.23	20	-103	-22
Depreciation Expense	9.18	10	9.04	10	12	8.44
Non-Cash Adjustments To Reconcile Net Income	4.90	102	6.60	14	100	19
Changes in Operating Assets and Liabilities, net	46	-9.83	1.99	-40	-18	-24
Net Cash From Investing Activities	-20	-6.91	-28	-3.92	-6.05	-8.03
Net Cash From Continuing Investing Activities	-20	-6.91	-28	-3.92	-6.05	-8.03
Purchase of Property, Plant & Equipment	-0.51	-0.36	-0.47	-0.63	-1.09	-0.54
Acquisitions	-2.93	-4.04	-8.07	-3.00	-6.34	-2.44
Purchase of Investments	-15	14	-20	-0.33	67	-8.61
Sale of Property, Plant & Equipment	-	0.66	0.00	-	6.50	0.08
Divestitures	-0.02	5.42	-0.36	0.04	0.02	0.00
Sale and/or Maturity of Investments	-0.03	-25	1.13	-0.10	-73	3.45
Other Investing Activities, net	-1.18	2.51	-0.05	0.11	0.07	0.04
Net Cash From Financing Activities	2.35	-0.10	-0.86	18	0.20	0.08
Net Cash From Continuing Financing Activities	2.35	-0.10	-0.86	18	0.20	0.08
Repayment of Debt	0.03	0.39	-0.02	0.01	0.03	0.00
Other Financing Activities, net	2.32	-0.87	-0.84	18	-15	0.08
Effect of Exchange Rate Changes	-6.18	7.23	-8.26	-4.63	1.39	4.33
Cash Income Taxes Paid	-	8.20	12	8.21	1.99	6.83

This table presents WEBTOON Entertainment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2023	2024
Period end date	12/31/2023	12/31/2024
Total Assets	1,777	1,935
Total Current Assets	493	836
Cash & Equivalents	232	572
Accounts Receivable	172	169
Prepaid Expenses	82	95
Plant, Property, & Equipment, net	12	3.78
Total Noncurrent Assets	1,272	1,095
Long-Term Investments	64	79
Goodwill	779	665
Intangible Assets	220	181
Noncurrent Deferred & Refundable Income Taxes	24	18
Other Noncurrent Operating Assets	185	153
Total Liabilities & Shareholders' Equity	1,777	1,935
Total Liabilities	429	379
Total Current Liabilities	316	313
Accounts Payable	127	127
Accrued Expenses	63	62
Current Deferred & Payable Income Tax Liabilities	9.46	10
Current Employee Benefit Liabilities	5.56	11
Other Taxes Payable	7.34	8.34
Other Current Liabilities	99	94
Total Noncurrent Liabilities	113	66
Noncurrent Deferred & Payable Income Tax Liabilities	61	30
Noncurrent Employee Benefit Liabilities	23	22
Other Noncurrent Operating Liabilities	29	13
Commitments & Contingencies	0.00	0.00
Redeemable Noncontrolling Interest	41	37
Total Equity & Noncontrolling Interests	1,306	1,520
Total Preferred & Common Equity	1,249	1,472
Total Common Equity	1,249	1,472
Common Stock	1,667	2,104
Retained Earnings	-363	-507
Accumulated Other Comprehensive Income / (Loss)	-55	-125
Noncontrolling Interest	57	48

This table presents WEBTOON Entertainment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2024	9/30/2024	3/31/2025
Total Assets	2,029	2,126	1,937
Total Current Assets	826	881	820
Cash & Equivalents	572	586	550
Accounts Receivable	173	190	174
Prepaid Expenses	-	-	96
Plant, Property, & Equipment, net	9.41	8.33	3.83
Total Noncurrent Assets	1,193	1,236	1,113
Long-Term Investments	79	84	79
Goodwill	741	760	669
Intangible Assets	194	198	178
Noncurrent Deferred & Refundable Income Taxes	24	15	17
Other Noncurrent Operating Assets	155	180	170
Total Liabilities & Shareholders' Equity	2,029	2,126	1,937
Total Liabilities	418	415	384
Total Current Liabilities	342	354	312
Accounts Payable	121	111	133
Accrued Expenses	88	96	59
Current Deferred & Payable Income Tax Liabilities	9.74	7.18	7.14
Current Employee Benefit Liabilities	-	4.48	12
Other Taxes Payable	-	-	5.01
Other Current Liabilities	124	135	97
Total Noncurrent Liabilities	76	61	72
Noncurrent Deferred & Payable Income Tax Liabilities	52	27	29
Noncurrent Employee Benefit Liabilities	20	-	22
Other Noncurrent Operating Liabilities	4.52	34	21
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	42	42	37
Total Equity & Noncontrolling Interests	1,569	1,669	1,516
Total Preferred & Common Equity	1,515	1,615	1,468
Total Common Equity	1,515	1,615	1,468
Common Stock	2,053	2,094	2,115
Retained Earnings	-434	-414	-530
Accumulated Other Comprehensive Income / (Loss)	-104	-65	-118
Noncontrolling Interest	54	54	48

This table displays calculated financial ratios and metrics derived from WEBTOON Entertainment's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	0.00%	18.84%	5.12%
EBITDA Growth	0.00%	-7.51%	-45.77%
EBIT Growth	0.00%	-8.40%	-32.93%
NOPAT Growth	0.00%	68.31%	-176.97%
Net Income Growth	0.00%	-9.23%	-5.63%
EPS Growth	0.00%	13.11%	-14.15%
Operating Cash Flow Growth	0.00%	110.53%	20.80%
Free Cash Flow Firm Growth	0.00%	0.00%	106.80%
Invested Capital Growth	0.00%	0.00%	-13.68%
Revenue Q/Q Growth	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-
Gross Margin	25.29%	23.04%	25.14%
EBITDA Margin	-7.32%	-6.63%	-9.19%
Operating Margin	-10.63%	-2.83%	-7.47%
EBIT Margin	-10.54%	-9.62%	-12.16%
Profit (Net Income) Margin	-12.28%	-11.29%	-11.34%
Tax Burden Percent	112.16%	109.04%	102.41%
Interest Burden Percent	103.84%	107.63%	91.06%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-4.85%	-7.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	75.07%	10.15%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-16.63%	-3.32%
Return on Equity (ROE)	0.00%	-21.49%	-10.53%
Cash Return on Invested Capital (CROIC)	0.00%	-204.85%	7.48%
Operating Return on Assets (OROA)	0.00%	-6.94%	-8.83%
Return on Assets (ROA)	0.00%	-8.15%	-8.24%
Return on Common Equity (ROCE)	0.00%	-19.92%	-9.87%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-11.59%	-10.39%
Net Operating Profit after Tax (NOPAT)	-80	-25	-70
NOPAT Margin	-7.44%	-1.98%	-5.23%
Net Nonoperating Expense Percent (NNEP)	0.00%	-79.93%	-17.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.94%	-4.64%
Cost of Revenue to Revenue	74.71%	76.96%	74.86%
SG&A Expenses to Revenue	19.25%	16.43%	24.62%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.92%	25.87%	32.61%
Earnings before Interest and Taxes (EBIT)	-114	-123	-164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-79	-85	-124
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.25	1.18
Price to Tangible Book Value (P/TBV)	0.00	1.26	2.78
Price to Revenue (P/Rev)	0.29	0.25	1.29
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.12	1.30
Enterprise Value to Revenue (EV/Rev)	0.00	0.09	0.87
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	8.22	65.75
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	16.09
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	0.00	-0.22	-0.33
Leverage Ratio	0.00	1.32	1.28
Compound Leverage Factor	0.00	1.42	1.16
Debt to Total Capital	0.00%	0.31%	0.00%
Short-Term Debt to Total Capital	0.00%	0.31%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	7.27%	5.42%
Common Equity to Total Capital	0.00%	92.41%	94.58%
Debt to EBITDA	0.00	-0.05	0.00
Net Debt to EBITDA	0.00	3.43	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	-0.17	0.00
Net Debt to NOPAT	0.00	11.46	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	0.00	0.77	3.13
Noncontrolling Interest Sharing Ratio	0.00%	7.30%	6.29%
Liquidity Ratios	-	-	-
Current Ratio	0.00	1.56	2.67
Quick Ratio	0.00	1.28	2.37
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,074	73
Operating Cash Flow to CapEx	-6,734.10%	155.18%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-13,599.81	1,623.42
Operating Cash Flow to Interest Expense	-166.60	187.39	397.40
Operating Cash Flow Less CapEx to Interest Expense	-169.07	66.63	488.31
Efficiency Ratios	-	-	-
Asset Turnover	0.00	0.72	0.73
Accounts Receivable Turnover	0.00	7.47	7.91
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.00	109.71	174.29
Accounts Payable Turnover	0.00	7.75	7.93
Days Sales Outstanding (DSO)	0.00	48.88	46.15
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	47.11	46.06
Cash Conversion Cycle (CCC)	0.00	1.77	0.09
Capital & Investment Metrics	-	-	-
Invested Capital	0.00	1,049	905
Invested Capital Turnover	0.00	2.45	1.38
Increase / (Decrease) in Invested Capital	0.00	1,049	-144
Enterprise Value (EV)	0.00	122	1,176
Market Capitalization	315	315	1,742
Book Value per Share	$0.00	$11.41	$11.47
Tangible Book Value per Share	$0.00	$2.29	$4.88
Total Capital	0.00	1,352	1,556
Total Debt	0.00	4.25	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	0.00	-292	-651
Capital Expenditures (CapEx)	2.09	9.54	-4.09
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-51	-49
Debt-free Net Working Capital (DFNWC)	0.00	181	523
Net Working Capital (NWC)	0.00	177	523
Net Nonoperating Expense (NNE)	52	119	82
Net Nonoperating Obligations (NNO)	0.00	-299	-651
Total Depreciation and Amortization (D&A)	35	38	40
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-3.96%	-3.65%
Debt-free Net Working Capital to Revenue	0.00%	14.11%	38.80%
Net Working Capital to Revenue	0.00%	13.78%	38.80%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.21)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	119.23M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.21)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	119.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	128.86M
Normalized Net Operating Profit after Tax (NOPAT)	-80	-25	-70
Normalized NOPAT Margin	-7.44%	-1.98%	-5.23%
Pre Tax Income Margin	-10.95%	-10.35%	-11.07%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-134.81	-1,561.32	-3,643.56
NOPAT to Interest Expense	-95.15	-322.16	-1,566.43
EBIT Less CapEx to Interest Expense	-137.29	-1,682.08	-3,552.64
NOPAT Less CapEx to Interest Expense	-97.62	-442.92	-1,475.52
Payout Ratios	-	-	-
Dividend Payout Ratio	-10.82%	0.00%	0.00%
Augmented Payout Ratio	-19.17%	0.00%	-7.29%

This table displays calculated financial ratios and metrics derived from WEBTOON Entertainment's official financial filings.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.10%	9.49%	-0.32%
EBITDA Growth	0.00%	0.00%	0.00%	-564.70%	701.64%	-171.27%
EBIT Growth	0.00%	0.00%	0.00%	-564.70%	149.72%	-287.94%
NOPAT Growth	0.00%	0.00%	0.00%	-1,347.05%	-239.18%	-371.98%
Net Income Growth	0.00%	0.00%	0.00%	-287.69%	274.54%	-452.46%
EPS Growth	0.00%	0.00%	0.00%	-288.89%	250.00%	-383.33%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-91.40%	-178.19%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	-0.90%	0.00%	0.00%	8.39%	0.00%
EBITDA Q/Q Growth	0.00%	114.81%	0.00%	0.00%	117.86%	0.00%
EBIT Q/Q Growth	0.00%	35.38%	0.00%	0.00%	104.83%	0.00%
NOPAT Q/Q Growth	0.00%	-23.44%	0.00%	0.00%	71.07%	0.00%
Net Income Q/Q Growth	0.00%	42.02%	0.00%	0.00%	126.10%	0.00%
EPS Q/Q Growth	0.00%	44.44%	0.00%	0.00%	121.43%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	227.47%	0.00%	0.00%	-115.48%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-4.14%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	8.48%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	25.31%	22.69%	25.21%	25.88%	26.27%	21.99%
EBITDA Margin	-3.60%	0.54%	6.67%	-23.93%	3.94%	-4.77%
Operating Margin	-1.70%	-2.12%	4.34%	-24.64%	-2.32%	-8.18%
EBIT Margin	-3.60%	-2.35%	3.90%	-23.93%	1.07%	-7.36%
Profit (Net Income) Margin	-6.16%	-3.60%	1.91%	-23.86%	5.74%	-6.75%
Tax Burden Percent	231.02%	207.56%	48.31%	102.55%	198.14%	113.11%
Interest Burden Percent	73.98%	73.88%	101.18%	97.20%	271.67%	81.05%
Effective Tax Rate	0.00%	0.00%	51.69%	0.00%	-98.14%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-16.70%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	-15.65%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	6.34%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	0.00%	-10.36%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-5.12%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	0.00%	-4.69%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	0.00%	-9.80%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	-12.34%
Net Operating Profit after Tax (NOPAT)	-3.83	-4.72	6.85	-55	-16	-19
NOPAT Margin	-1.19%	-1.49%	2.10%	-17.25%	-4.60%	-5.72%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	-6.51%	10.76%	-1.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-1.23%
Cost of Revenue to Revenue	74.69%	77.31%	74.79%	74.12%	73.73%	78.01%
SG&A Expenses to Revenue	16.67%	14.41%	14.90%	43.21%	19.18%	20.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.01%	24.81%	20.86%	50.52%	28.59%	30.16%
Earnings before Interest and Taxes (EBIT)	-12	-7.47	13	-77	3.71	-24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-12	1.71	22	-77	14	-16
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.23	0.91	0.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.59	2.23	1.59
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	0.73
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.86	0.48
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.33
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.00	0.00	-0.40	-0.39	-0.41
Leverage Ratio	0.00	0.00	0.00	1.26	1.24	1.25
Compound Leverage Factor	0.00	0.00	0.00	1.22	3.38	1.01
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	5.93%	5.61%	5.48%
Common Equity to Total Capital	0.00%	0.00%	0.00%	94.07%	94.39%	94.52%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	2.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	5.48%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	2.41	2.49	2.63
Quick Ratio	0.00	0.00	0.00	2.18	2.19	2.32
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	-1,015	-1,057	-942
Operating Cash Flow to CapEx	0.00%	9,428.96%	5,054.24%	0.00%	653.79%	-4,063.62%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-92,301.75	0.00	-471,050.90
Operating Cash Flow to Interest Expense	0.00	2,676.78	722.91	0.00	0.00	-9,326.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2,648.39	708.61	0.00	0.00	-9,555.50
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.70
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	7.76
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	352.18
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	7.69
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	47.06
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	47.48
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	-0.43
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	960	1,041	923
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	2.92
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	960	1,041	923
Enterprise Value (EV)	0.00	0.00	0.00	-213	894	444
Market Capitalization	315	315	315	342	1,467	988
Book Value per Share	$0.00	$0.00	$0.00	$13.76	$12.59	$11.39
Tangible Book Value per Share	$0.00	$0.00	$0.00	$5.27	$5.12	$4.82
Total Capital	0.00	0.00	0.00	1,611	1,711	1,553
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	0.00	0.00	-651	-669	-629
Capital Expenditures (CapEx)	0.00	0.51	0.47	0.00	0.63	0.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-88	-58	-42
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	484	527	508
Net Working Capital (NWC)	0.00	0.00	0.00	484	527	508
Net Nonoperating Expense (NNE)	16	6.73	0.62	21	-36	3.33
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	-651	-669	-629
Total Depreciation and Amortization (D&A)	0.00	9.18	9.04	0.00	10	8.44
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	-3.13%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	37.70%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	37.70%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.70)	$0.15	($0.17)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	110.10M	128.33M	129.60M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.70)	$0.15	($0.17)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	110.10M	130.82M	129.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	128.27M	128.31M	130.19M
Normalized Net Operating Profit after Tax (NOPAT)	-3.83	-4.72	9.93	-55	-5.66	-19
Normalized NOPAT Margin	-1.19%	-1.49%	3.04%	-17.25%	-1.63%	-5.72%
Pre Tax Income Margin	-2.67%	-1.74%	3.95%	-23.26%	2.90%	-5.96%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-642.00	-414.89	386.39	-6,983.00	0.00	-11,982.00
NOPAT to Interest Expense	-212.57	-262.38	207.72	-5,033.38	0.00	-9,321.90
EBIT Less CapEx to Interest Expense	0.00	-443.28	372.09	0.00	0.00	-12,211.50
NOPAT Less CapEx to Interest Expense	0.00	-290.77	193.42	0.00	0.00	-9,551.40
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Key Financial Trends

Overview: WEBTOON Entertainment (NASDAQ: WBTN) has experienced fluctuating financial results over the past several quarters, with notable trends in revenue, profitability, cash flow, and balance sheet strength. The company's performance shows a mix of positive growth in top-line revenue, offset by increasing operating expenses and net losses in recent quarters.

Revenue remained robust in Q1 2025 at $325.7 million, relatively stable compared to previous quarters.
Gross profit in Q1 2025 was $71.6 million, showing the company continues to generate solid gross margins despite rising costs.
WEBTOON held ample cash and equivalents, with $550 million reported at the end of Q1 2025, supporting liquidity.
Total assets remained strong at $1.94 billion in Q1 2025, underscoring a solid asset base.
The company generated positive net cash from operating activities in some quarters such as Q3 2024 ($4.1 million) and Q1 2024 ($23.8 million), indicating some operational cash flow strength despite net losses.

Operating expenses have increased significantly over recent quarters, with selling, general & administrative expenses totaling $66.7 million and marketing expenses $31.5 million in Q1 2025, contributing to operating losses.
Investments in property, plant & equipment and acquisitions continue, signaling ongoing growth initiatives but also reducing free cash flow.
WEBTOON’s net income fluctuates substantially quarter-to-quarter, impacting retained earnings, which were -$529.6 million as of Q1 2025, indicating accumulated losses over time.
The company maintains a substantial goodwill balance ($669 million), which carries risk if impairment occurs in the future.

WEBTOON reported a net loss of $21.97 million in Q1 2025, continuing a trend of unprofitability after profitable quarters mid-2024.
The net operating cash flow was negative $18.7 million in Q1 2025, showing operational cash burn despite decent revenue.
Weighted average shares remained high at approximately 130 million, causing dilution of earnings per share, which was -$0.17 in Q1 2025.
Total liabilities increased to $384.4 million as of Q1 2025, and the company has negative retained earnings indicating accumulated deficits.
Income tax payments remain substantial ($6.8 million paid in Q1 2025) even during loss periods, impacting cash flow negatively.

Summary: WEBTOON Entertainment continues to exhibit strong revenue generation and a large asset base with significant cash reserves. However, it faces challenges controlling operating expenses and achieving consistent profitability, as recent quarters have posted net losses and negative operating cash flow. The company's ongoing investments in growth, acquisitions, and infrastructure highlight a focus on expansion but also weigh on short-term financial performance. Investors should weigh WEBTOON’s strong market position and revenue scale against the risks posed by continued losses, cash burn, and potential goodwill impairment.

08/21/25 02:18 PMAI Generated. May Contain Errors.

Frequently Asked Questions About WEBTOON Entertainment's Financials

When does WEBTOON Entertainment's financial year end?

According to the most recent income statement we have on file, WEBTOON Entertainment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has WEBTOON Entertainment's net income changed over the last 2 years?

WEBTOON Entertainment's net income appears to be on an upward trend, with a most recent value of -$152.91 million in 2024, rising from -$132.52 million in 2022. The previous period was -$144.76 million in 2023. See where experts think WEBTOON Entertainment is headed by visiting WEBTOON Entertainment's forecast page.

What is WEBTOON Entertainment's operating income?

WEBTOON Entertainment's total operating income in 2024 was -$100.70 million, based on the following breakdown:

Total Gross Profit: $339.07 million
Total Operating Expenses: $439.77 million

How has WEBTOON Entertainment's revenue changed over the last 2 years?

Over the last 2 years, WEBTOON Entertainment's total revenue changed from $1.08 billion in 2022 to $1.35 billion in 2024, a change of 24.9%.

How much debt does WEBTOON Entertainment have?

WEBTOON Entertainment's total liabilities were at $378.87 million at the end of 2024, a 11.7% decrease from 2023, and a 11.7% decrease since 2023.

How much cash does WEBTOON Entertainment have?

In the past 1 years, WEBTOON Entertainment's cash and equivalents has ranged from $231.75 million in 2023 to $572.40 million in 2024, and is currently $572.40 million as of their latest financial filing in 2024.

How has WEBTOON Entertainment's book value per share changed over the last 2 years?

Over the last 2 years, WEBTOON Entertainment's book value per share changed from 0.00 in 2022 to 11.47 in 2024, a change of 1,147.3%.

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This page (NASDAQ:WBTN) was last updated on 8/21/2025 by MarketBeat.com Staff

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WEBTOON Entertainment (WBTN) Financials

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WEBTOON Entertainment (WBTN) Financials

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