WEBTOON Entertainment Inc. Common stock (WBTN) Stock

WEBTOON Entertainment Inc. Common stock (WBTN) is a Communication Services stock trading at $8.36 (as of 2026-08-20), with a market capitalization of $1.13B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

WEBTOON Entertainment Inc. operates a storytelling platform worldwide. The company's platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories. The company was founded in 2014 and is headquartered in Los Angeles, California. WEBTOON Entertainment Inc. operates as a subsidiary of NAVER Corporation.

Understand WEBTOON Entertainment Inc. Common stock: how it makes money

WEBTOON Entertainment runs a global storytelling platform for web-comics and web-novels, making money mainly through paid content subscriptions and sales, with additional revenue from advertising and IP adaptations.

The profit engine is paid content monetization, where revenue depends on both how many Monthly Paying Users exist and how much Paid Content Average Revenue per Paying User each paying user generates.

Revenue by segment (latest quarter)
Paid$0.3B
Ads$0.0B
IP$0.0B

Business quality (Weak): The platform shows meaningful paid-content scale, but the latest quarter still had an operating loss (operating margin -2.5%), so execution on monetization and costs appears crucial.

Bull case

  • Paid content is the main revenue source: Paid Content Revenue is 0.26B versus Advertising Revenue of 0.04B and IP Adaptations Revenue of 0.02B (latest quarter).
  • Large paying audience and monetization per payer: Monthly Paying Users are 7.8M, and Paid Content Average Revenue per Paying User is 11.2 (latest quarter).
  • Platform monetization extends beyond paid content: Advertising Revenue (0.04B) and IP Adaptations Revenue (0.02B) add to the business model alongside paid content.

Bear case

  • Operating loss in the latest quarter: Operating margin is -2.5% for the period ended 2026-03-31.
  • User base pressure: Global Monthly Active Users Decline is 5.9% (latest quarter), which can make sustaining paying-user growth harder.
Valuation — source: SEC EDGAR (first-party)
Price$8.36
Market Cap$1.13B
Price / Book0.93
Price / Sales0.82
FCF Yield0.5%
DCF Value (model)$1.27
DCF Upside vs Price-84.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.38B
Net Margin-25.0%
Revenue Growth (YoY)-1.5%
EPS Growth (YoY)-58.8%
FCF Growth (YoY)-21.9%
Financial Health — source: SEC EDGAR
Altman Z-Score2.08 (grey)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Printing & Publishing)27.7
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSOFTBANK GROUP CORP. ($288.86M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryPrinting & Publishing
CEOJunkoo Kim
Employees1,800
CountryUS
IPO Date2024-06-27

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WBTN earnings history · WBTN institutional & insider holders · WBTN KPIs & operating metrics · WBTN financials · WBTN investor presentations & press releases · WBTN SEC filings · WBTN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.