WEBTOON Entertainment Reports Q3 2026 Results with Revenue Decline Amid Currency Headwinds
WEBTOON Entertainment Inc. (WBTN) reported third-quarter revenue of $362.8 million, a 4.0% year-over-year decline primarily attributed to foreign exchange headwinds and timing shifts in IP adaptation revenue. Despite the top-line contraction, the company improved its net loss to $7.5 million from an $11.1 million loss in the prior year, aided by disciplined general and administrative expenses. The company saw significant growth in advertising revenue, which rose 26.2% to $49.7 million, while Korean markets showed strength with a 10.8% increase in revenue. However, performance in Japan was a notable drag, with revenue declining 18%. Looking ahead, WEBTOON provided optimistic Q4 guidance, projecting constant currency revenue growth between 9.0% and 12.0%.
Tickers: $WBTN
Topics: Advertising growth Gross margin expansion MAU growth Net loss improvement Revenue decline
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