v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue [1] $ 338,465 $ 348,271 $ 659,337 $ 673,978
Cost of revenue [2] (250,329) (260,992) (488,153) (515,088)
Marketing [3] (38,336) (31,070) (68,856) (62,613)
General and administrative expenses [4] (65,368) (64,972) (125,927) (131,674)
Operating income (loss) (15,568) (8,763) (23,599) (35,397)
Interest income 4,485 4,910 8,859 10,023
Interest expense (17) (2) (34) (4)
Gain (loss) on equity method investments, net 988 507 542 (62)
Other income (loss), net [5] 2,472 (1,367) 467 1,303
Income (loss) before income tax (7,640) (4,715) (13,765) (24,137)
Income tax benefit (expense) (6,937) 832 (9,609) (1,715)
Net income (loss) (14,577) (3,883) (23,374) (25,852)
Net income (loss) attributable to WEBTOON Entertainment Inc. (15,248) (4,326) (24,703) (26,715)
Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests 671 443 1,329 863
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of tax (9,171) 41,120 (32,918) 47,692
Share of other comprehensive loss of equity method investments, net of tax (48) 568 (63) 425
Total other comprehensive income (loss), net of tax (9,219) 41,688 (32,981) 48,117
Total comprehensive income (loss) (23,796) 37,805 (56,355) 22,265
Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. (24,072) 35,802 (56,171) 19,803
Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests $ 276 $ 2,003 $ (184) $ 2,462
Weighted average shares outstanding        
Basic (in shares) 135,250,711 130,358,706 134,439,157 129,980,922
Diluted (in shares) 135,250,711 130,358,706 134,439,157 129,980,922
Income (loss) per share attributable to WEBTOON Entertainment Inc.        
Basic (in usd per share) $ (0.11) $ (0.03) $ (0.18) $ (0.21)
Diluted (in usd per share) $ (0.11) $ (0.03) $ (0.18) $ (0.21)
[1] Includes amounts earned from related parties of $24,551 and $18,278 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $42,794 and $35,991 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
[2] Includes amounts incurred from related parties of $28,259 and $28,399 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $55,330 and $56,530 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
[3] Includes amounts incurred from related parties of $613 and $(2,870) for the three months ended June 30, 2026, and June 30, 2025, respectively, and $(1,116) and $(5,451) for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
[4] Includes amounts incurred from related parties of $8,031 and $7,023 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $15,848 and $13,936 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions).
[5] Includes amounts earned from related parties of $384 and $424 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $792 and $835 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)