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Webtoon Entertainment (WBTN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Webtoon Entertainment (WBTN) Q2 2026 earnings results →
Q2 2026 Revenue down 3% year over year to $338M · 4¢ of every $1 of revenue lost · operating margin -4.6%
Webtoon Entertainment made $338M in Q2 2026 (-3% Y/Y): Paid Content $264M, Advertising $47.1M, IP Adaptations $27.4M. Operating margin -4.6%, net loss $14.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $338.5M in Q2 2026, down 3% year over year and up 5% from the previous quarter. Paid Content was the largest line at 78% of revenue. Paid Content lost $11.0M year over year (down 4%), 112% of the total change.
Operating costs exceeded revenue by $15.6M, an operating margin of -4.6%. Total costs fell 1% while revenue fell 3%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $14.6M, wider than the previous quarter's $8.8M loss. Non-operating items added $7.9M, -104% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.2M. Non-cash charges added back $7.3M of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$7.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $338M | -3% | -4.6% | −$14.6M | −$6.2M |
| Q1 2026 | 10-Q | May 11, 2026 | $321M | -2% | -2.5% | −$8.8M | −$11.8M |
| Q4 2025 | 10-K | Mar 5, 2026 | $331M | -6% | -4.0% | −$336M | $7.6M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $378M | +9% | -3.9% | −$11.1M | $16.5M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $348M | +8% | -2.5% | −$3.9M | $5.7M |
| Q1 2025 | 10-Q | May 14, 2025 | $326M | -0.3% | -8.2% | −$22.0M | −$18.7M |
| Q4 2024 | 10-K | Mar 11, 2025 | $353M | +6% | -7.9% | −$103M | −$8.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Webtoon Entertainment
WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication. WEBTOON empowers creators, by enabling them to participate economically in their own creation, and users, by offering an endless library of content. Our community connected 27 million creators with approximately 157 million monthly active users in over 150 countries around the world. 1
In its own words, from its 10-K, filed Mar 5, 2026.
Webtoon Entertainment against its Miscellaneous Publishing peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WBTN Webtoon Entertainment | Q2 2026 | $338M | -3% | -4.6% |
| MH McGraw Hill | Q2 FY27 | $632M | -6% | 22.3% |
Source: Webtoon Entertainment 10-Q on SEC EDGAR · CIK 1997859 · Miscellaneous Publishing
13F: who owns WBTN and who is buying
More on WBTN
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- Webtoon Entertainment next earnings date and what analysts expect
- Webtoon Entertainment stock forecast, price target and fair value
- Who owns Webtoon Entertainment stock: holders, funds and Congress trades
- Is Webtoon Entertainment a takeover target? LBO and rumors
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results