Company Overview - Webtoon Entertainment (WBTN) shares increased by 5.1% to close at $14.96, following a notable trading volume that exceeded typical levels, contrasting with a 4.9% loss over the past four weeks [1] - The company is experiencing strong growth in its English-language WebComic app, with monthly active users (MAU) increasing by 19% for three consecutive quarters [2] Financial Performance - Webtoon is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year decline of 81.8%. Revenue is anticipated to be $385.17 million, which is a 10.7% increase from the same quarter last year [3] - The consensus EPS estimate for Webtoon has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Webtoon operates within the Zacks Internet - Software industry, where another company, Affirm Holdings (AFRM), saw a 7.6% increase in its stock price, closing at $89.43, with a 5.5% return over the past month [4] - Affirm Holdings has experienced a significant change in its consensus EPS estimate, increasing by 27.2% over the past month to $0.1, which represents a year-over-year change of 132.3% [5]
Webtoon (WBTN) Soars 5.1%: Is Further Upside Left in the Stock?