WEBTOON Entertainment Q4 Earnings Call Highlights

WEBTOON posted a fourth-quarter net loss of $336.5 million, compared to a $102.6 million loss a year earlier, primarily due to goodwill impairments. Lee said the majority of the impairment was attributable to Wattpad. Full-year net loss was $373.4 million, compared with $152.9 million the prior year.Profitability metrics were mixed. Lee said gross margin expanded 100 basis points year-over-year in the fourth quarter to 24.3%, attributing the change to lapping items that had been recategorized from marketing ...