Filing Flows › Webtoon Entertainment (WBTN) › Q1 2026 › vs Q4 2025
Webtoon Entertainment (WBTN) Q1 2026 vs Q4 2025 (quarter over quarter)
Webtoon Entertainment's revenue fell $9.8M (-3%) from $331M in Q4 2025 to $321M in Q1 2026. The biggest changes: IP Adaptations −$5.6M (-22%); Paid Content −$4.1M (-2%); Advertising −$90K (-0.2%).
Webtoon Entertainment, Q1 2026: revenue $321M (-2% year over year), operating margin -2.5%, net loss $8.8M, operating cash flow −$11.8M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Paid Content | $261M | $266M | −$4.1M | -2% |
| Advertising | $39.7M | $39.8M | −$90K | -0.2% |
| IP Adaptations | $19.8M | $25.4M | −$5.6M | -22% |
| Revenue | $321M | $331M | −$9.8M | -3% |
| Other income, net | $1.9M | −$342M | $344M | — |
| Net loss | $8.8M | $336M | −$328M | -97% |
| Costs & expenses | $332M | $686M | −$354M | -52% |
| Operating costs | $329M | $344M | −$15.0M | -4% |
| Income tax | $2.7M | −$18.4M | $21.0M | — |
| Cost of revenue | $238M | $250M | −$12.3M | -5% |
| General & admin | $60.6M | $65.4M | −$4.8M | -7% |
| Other operating costs | $30.5M | $28.4M | $2.1M | +8% |
| Operating cash sources | $27.5M | $9.8M | $17.7M | +181% |
| Depreciation & amortization | $8.0M | $10.6M | −$2.6M | -25% |
| Share-based compensation | $7.6M | $6.8M | $841K | +12% |
| Cash used in operations | $11.8M | −$7.6M | $19.5M | — |
| Net loss absorbed | $8.8M | $336M | −$328M | -97% |
| Working capital & other | $18.7M | −$327M | $345M | — |
Questions
How much did Webtoon Entertainment's revenue grow quarter over quarter in Q1 2026?
Webtoon Entertainment's revenue fell $9.8M (-3%) from $331M in Q4 2025 to $321M in Q1 2026.
What drove Webtoon Entertainment's revenue change in Q1 2026?
IP Adaptations −$5.6M (-22%); Paid Content −$4.1M (-2%); Advertising −$90K (-0.2%).