Filing Flows › Webtoon Entertainment (WBTN) › Q1 2025
Webtoon Entertainment (WBTN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Webtoon Entertainment (WBTN) reported revenue of $326M for the first quarter 2025 (Q1 2025), -0.3% from a year earlier and -8% from the quarter before. Operating margin was -8.2%, net loss $22.0M (6.7% of revenue).
Webtoon Entertainment, Q1 2025: revenue $326M (-0.3% year over year), operating margin -8.2%, net loss $22.0M, operating cash flow −$18.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $326M | -8% | -0.3% |
| Operating profit | −$26.6M | — | — |
| Net earnings | −$22.0M | — | — |
| Operating cash flow | −$18.7M | — | — |
What changed
Revenue was $325.7M in Q1 2025, roughly flat year over year and down 8% from the previous quarter. Paid Content was the largest line at 80% of revenue. Paid Content lost $6.6M year over year (down 2%), 639% of the total change.
Operating costs exceeded revenue by $26.6M, an operating margin of -8.2%. Total costs grew 13% against flat revenue. The fastest-growing cost line was Other operating costs (+62%). The quarter ended with a net loss of $22.0M, narrower than the previous quarter's $102.6M loss. Non-operating items added $7.2M, -37% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$18.7M. Non-cash charges added back $8.4M of depreciation and amortization and $18.3M of share-based compensation. Working capital and other items used $23.4M. Capital expenditures of $536K exceeded it, leaving free cash flow of −$19.2M.
Questions
What was Webtoon Entertainment's revenue in the first quarter 2025?
Webtoon Entertainment (WBTN) reported revenue of $326M for the first quarter 2025 (Q1 2025), -0.3% from a year earlier and -8% from the quarter before.
Was Webtoon Entertainment profitable in the first quarter 2025?
Operating loss was $26.6M (-8.2% of revenue) and net loss $22.0M.