Platform Overview - WEBTOON is a global storytelling company with over 24 million creators, many of whom are amateurs balancing full-time jobs with their passion for storytelling [1] - The platform, known as CANVAS, allows creators to easily share their stories, leading to significant personal transformations for some [1] - The success of the series "Lore Olympus," which has been greenlit by Amazon Prime for a featured animation series, exemplifies the potential impact of the platform [1]

Core Insights - WEBTOON reported a fourth-quarter net loss of $336.5 million, significantly higher than the $102.6 million loss from the previous year, primarily due to goodwill impairments related to Wattpad [1] - The full-year net loss was $373.4 million, compared to $152.9 million in the prior year [1] Financial Performance - Fourth-quarter revenue was $330.7 million, which was in line with expectations but represented a decline of 4.1% year-over-year on a constant-currency basis [4] - For the full year 2025, WEBTOON reported revenue of $1.4 billion, reflecting a 3.9% increase on a constant-currency basis [3] - Full-year adjusted EBITDA was $19.4 million, down from $68 million in the prior year [9] Profitability Metrics - Gross margin expanded by 100 basis points year-over-year in Q4 to 24.3%, but full-year gross margin decreased by 180 basis points to 23.3% [2] - On a non-GAAP basis, adjusted EBITDA for Q4 was $0.6 million, improving from a negative $3.5 million in the prior-year quarter [9] User Trends - Monthly paying users (MPU) grew by 0.7% in Q4, indicating improvements in monetization driven by AI-driven personalization [7][10] - Total monthly active users (MAU) declined by 7.1% to 157 million for the full year, with Q4 showing a 6.5% decline in app MAU [12] Revenue Stream Performance - Paid content revenue increased by 0.4% year-over-year in Q4, while advertising revenue declined by 10.3% [14][15] - IP adaptation revenue fell by 29.7% year-over-year in Q4, but rose by 35.5% for the full year [16] Regional Performance - In Korea, Q4 revenue declined by 9.1% year-over-year, while full-year revenue increased by 5.9% [17] - Japan's revenue declined by 1.0% year-over-year in Q4, but rose by 3.9% for the full year [18] - Revenue in the rest of the world grew by 0.8% year-over-year in Q4, but declined by 2.1% for the full year [19] Strategic Initiatives - WEBTOON completed a strategic partnership with Disney, which included a $32.8 million equity investment [6][20] - The company plans to launch a new Disney-backed digital comics platform in 2026 [6][21] Future Outlook - For Q1 2026, WEBTOON expects constant-currency revenue growth in the range of -1.5% to +1.5% [24] - The company aims to return to double-digit year-over-year revenue growth by the end of 2026, driven by paid content and improving advertising trends [24]

Core Insights - WEBTOON Entertainment reported a full year 2025 revenue growth of 2.5%, with a year-over-year revenue growth of 3.9% on a constant currency basis [1][6] - The company experienced a net loss of $373.4 million for the full year, with an adjusted EBITDA of $19.4 million [1][6] - The balance sheet remains strong, with cash and cash equivalents of approximately $582 million and no debt [1] Fourth Quarter 2025 Highlights - Total revenue for Q4 2025 was $330.7 million, a decline of 6.3% compared to Q4 2024 [6][30] - Adjusted EBITDA for Q4 was $0.6 million, an improvement from a loss of $3.5 million in the prior year [6] - The diluted loss per share for Q4 was $2.36, compared to a diluted loss per share of $0.72 in the prior year [6][30] Full Year 2025 Highlights - Total revenue for the full year was $1.4 billion, reflecting a growth of 2.5% [6][30] - Adjusted EBITDA for the full year was $19.4 million, down from $68.0 million in the prior year [6][30] - The net loss for the full year was $373.4 million, compared to a net loss of $152.9 million in the previous year [6][30] Strategic Partnerships - The company established strategic relationships with industry leaders such as Disney and Warner Bros. Animation in 2025, which are expected to enhance the comics industry and webcomics category [4] - These partnerships aim to attract more readers to the platform and create more opportunities for creators [4] First Quarter 2026 Outlook - For Q1 2026, the company anticipates revenue growth on a constant currency basis in the range of -1.5% to 1.5%, translating to revenue between $317 million and $327 million [13] - Adjusted EBITDA is expected to be in the range of $0.0 to $5.0 million, indicating a focus on cost management [13]

Core Viewpoint - WEBTOON Entertainment Inc. plans to report its fourth quarter and full year 2025 financial results on March 3, 2026, after market close, followed by a conference call to discuss the results [1]. Company Overview - WEBTOON Entertainment is a leading global entertainment company known for its storytelling platforms and is a pioneer in the mobile webcomic format, transforming comics and visual storytelling for fans and creators [3]. - The company has a user-generated content (UGC) platform called CANVAS, which allows anyone to become a creator, and boasts a growing roster of popular WEBTOON Originals creators and series [4]. - WEBTOON Entertainment's adaptations are available on major streaming platforms such as Netflix, Prime Video, and Crunchyroll, with partnerships including Discord, HYBE, and DC Comics [4]. User Engagement - The company has approximately 155 million monthly active users, and its IP & Creator Ecosystem includes brands and platforms like WEBTOON, Wattpad, WEBTOON Productions, and others [5].

Core Insights - WEBTOON Entertainment reported a third quarter revenue growth of 8.7%, with a constant currency growth of 9.1%, driven by Paid Content and IP Adaptations [1][6][3] - The company experienced a net loss of $11.1 million, a significant decline from a net income of $20.0 million in the prior year, attributed to lower other income and higher income tax expenses [6][3] - Adjusted EBITDA was $5.1 million, down from $28.9 million in the previous year, resulting in an Adjusted EBITDA Margin of 1.4% compared to 8.3% [6][3] Financial Performance - Total revenue for the third quarter was $378.0 million, with Paid Content and IP Adaptations contributing to the growth, while Advertising revenue declined [6][3] - The diluted loss per share was $0.09, compared to diluted earnings per share of $0.15 in the prior year [6][3] - Cash and cash equivalents stood at approximately $584.6 million, with no debt reported [1][6] Strategic Developments - The company is expanding its relationship with Disney, including a non-binding agreement for Disney to acquire a 2% equity interest in WEBTOON Entertainment [3] - WEBTOON announced plans to co-produce 10 animated projects with Warner Bros. Animation for global distribution [8] Future Outlook - For the fourth quarter of 2025, the company expects Adjusted EBITDA guidance to include $16.5 million in non-cash expenses [4]

Core Insights - WEBTOON Entertainment Inc. plans to report its third quarter 2025 financial results on November 12, 2025, after market close [1] - A conference call will be held at 4:30 p.m. ET to discuss the results [1] Company Overview - WEBTOON Entertainment is a leading global entertainment company known for its storytelling platforms and is a pioneer in the mobile webcomic format [3] - The company has transformed comics and visual storytelling for fans and creators [3] - WEBTOON Entertainment's CANVAS UGC platform allows anyone to become a creator, contributing to a diverse range of content [4] User Engagement and Partnerships - The company boasts approximately 155 million monthly active users across its platforms, including WEBTOON and Wattpad [5] - WEBTOON Entertainment has partnerships with major content distributors such as Netflix, Prime Video, and Crunchyroll, enhancing its reach [4] - Collaborations with brands like Discord, HYBE, and DC Comics further strengthen its position in the entertainment industry [4]

Core Insights - WEBTOON Entertainment reported strong second quarter results, with revenue and Adjusted EBITDA exceeding the top end of guidance ranges [1][3] - Total revenue for the second quarter was $348.3 million, reflecting an 8.5% increase year-over-year, while revenue growth on a constant currency basis was 5.5% [1][6] - The company experienced a net loss of $3.9 million, a significant improvement compared to a net loss of $76.6 million in the same quarter last year [1][6] Financial Performance - Adjusted EBITDA for the second quarter was $9.7 million, down from $20.4 million in the prior year, resulting in an Adjusted EBITDA margin of 2.8% compared to 6.3% [1][6] - The diluted loss per share was $0.03, compared to a diluted loss per share of $0.70 in the prior year [6] - Cash and cash equivalents stood at approximately $581.5 million, with no debt reported [1][6] Revenue Breakdown - Revenue growth was driven by all three revenue streams: Paid Content, Advertising, and IP Adaptations [3][6] - Paid Content revenue was $274.9 million, up 5.4% year-over-year, while Advertising revenue increased by 11.9% to $45.2 million [6][35] - IP Adaptations revenue saw a significant increase of 41.8%, reaching $28.1 million [6][35] Strategic Initiatives - The company announced a strategic collaboration with Disney to bring iconic comics from Marvel, Star Wars, and other franchises to its platform [4] - Recent updates to the English-language webcomic app aim to enhance user experience and engagement [3] Outlook - For the third quarter of 2025, the company expects revenue growth on a constant currency basis to be in the range of 9.4%-12.2%, translating to revenue between $380 million and $390 million [7]

Core Insights - WEBTOON Entertainment Inc. plans to report its second quarter 2025 financial results on August 12, 2025, after market close [1] - A conference call will be held at 4:30 p.m. ET to discuss the results [1] Company Overview - WEBTOON Entertainment is a leading global entertainment company known for its storytelling platforms and is a pioneer in the mobile webcomic format [3] - The company has transformed comics and visual storytelling for fans and creators [3] - WEBTOON Entertainment's CANVAS UGC platform allows anyone to become a creator, contributing to a diverse range of content [4] User Engagement and Partnerships - The company boasts approximately 150 million monthly active users across its platforms [5] - Its ecosystem includes WEBTOON, Wattpad, WEBTOON Productions, and other brands, enhancing its reach in the digital storytelling space [5] - WEBTOON Entertainment has partnerships with major platforms like Netflix, Prime Video, and Crunchyroll, as well as collaborations with brands such as Discord, HYBE, and DC Comics [4]

Core Insights - WEBTOON Entertainment reported first quarter results for 2025, with total revenue of $325.7 million, a slight decline of 0.3% year-over-year, but a growth of 5.3% on a constant currency basis [1][6][3] - The company experienced a net loss of $22.0 million, compared to a net income of $6.2 million in the previous year, attributed to increased general and administrative expenses and higher marketing costs [1][6][3] - Adjusted EBITDA was $4.1 million, down from $22.2 million in the prior year, with an adjusted EBITDA margin of 1.3% compared to 6.8% in the previous year [1][6][3] Financial Performance - Total revenue of $325.7 million showed a decline of 0.3%, driven by a decrease in Paid Content revenue, partially offset by growth in Advertising and IP Adaptations [6][3] - Revenue on a constant currency basis was $343.8 million, reflecting a growth of 5.3%, supported by all three revenue streams: Paid Content, Advertising, and IP Adaptations [6][3] - The company reported a diluted loss per share of $0.17, compared to diluted earnings per share of $0.06 in the prior year [6][3] Operational Highlights - The CEO highlighted the implementation of product enhancements on the English-language platform, including AI-powered discovery features, aimed at improving user experience [3] - Major global franchises such as 'Godzilla' and 'Sonic the Hedgehog' were introduced to the platform, indicating a strategy to expand the content library [3] - The company maintains a strong balance sheet with cash and cash equivalents of approximately $550.1 million and no debt [1][6] Future Outlook - For the second quarter of 2025, the company expects revenue growth on a constant currency basis in the range of 2.2%-5.2%, translating to revenue between $335 million and $345 million [7] - Adjusted EBITDA is projected to be in the range of $0.5 million to $5.5 million, representing an adjusted EBITDA margin of 0.1%-1.6% [7]

Table of Contents As filed with the Securities and Exchange Commission on June 17, 2024. Registration No. 333-279863 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 WEBTOON ENTERTAINMENT INC. (Exact name of registrant as specified in its charter) Delaware 7372 81-3830533 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Empl ...