v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue [1] $ 320,872 $ 325,707
Cost of revenue [2] (237,824) (254,096)
Marketing [3] (30,520) (31,543)
General and administrative expenses [4] (60,559) (66,702)
Operating income (loss) (8,031) (26,634)
Interest income 4,374 5,113
Interest expense (17) (2)
Gain (loss) on equity method investments, net (446) (569)
Other income (loss), net [5] (2,005) 2,670
Income (loss) before income tax (6,125) (19,422)
Income tax expense (2,672) (2,547)
Net income (loss) (8,797) (21,969)
Net income (loss) attributable to WEBTOON Entertainment Inc. (9,455) (22,389)
Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests 658 420
Other comprehensive income (loss):    
Foreign currency translation adjustments, net of tax (23,747) 6,572
Share of other comprehensive loss of equity method investments, net of tax (15) (143)
Total other comprehensive income (loss), net of tax (23,762) 6,429
Total comprehensive income (loss) (32,559) (15,540)
Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. (32,099) (15,999)
Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests $ (460) $ 459
Weighted average shares outstanding    
Basic (shares) 133,618,587 129,598,942
Diluted (shares) 133,618,587 129,598,942
Income (loss) per share attributable to WEBTOON Entertainment Inc.    
Basic (in usd per share) $ (0.07) $ (0.17)
Diluted (in usd per share) $ (0.07) $ (0.17)
[1] Includes amounts earned from related parties of $18,243 and $17,713 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
[2] Includes amounts incurred from related parties of $27,071 and $28,131 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
[3] Includes amounts incurred from related parties of $(1,729) and $(2,581) for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
[4] Includes amounts incurred from related parties of $7,817 and $6,913 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions).
[5] Includes amounts earned from related parties of $408 and $411 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)