Filing Flows › Webtoon Entertainment (WBTN) › Q1 2026
Webtoon Entertainment (WBTN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Webtoon Entertainment (WBTN) reported revenue of $321M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -3% from the quarter before. Operating margin was -2.5%, net loss $8.8M (2.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $321M | -3% | -1% |
| Operating profit | −$8.0M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$11.8M | -255% | — |
What changed
Revenue was $320.9M in Q1 2026, down 1% year over year and down 3% from the previous quarter. Paid Content was the largest line at 81% of revenue. IP Adaptations lost $5.8M year over year (down 23%), 121% of the total change.
Operating costs exceeded revenue by $8.0M, an operating margin of -2.5%. Total costs fell 7% while revenue fell 1%. The quarter ended with a net loss of $8.8M, narrower than the previous quarter's $336.5M loss. Non-operating items added $1.9M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.8M. Non-cash charges added back $8.0M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items used $18.7M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$15.0M.
Questions
What was Webtoon Entertainment's revenue in the first quarter 2026?
Webtoon Entertainment (WBTN) reported revenue of $321M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -3% from the quarter before.
Was Webtoon Entertainment profitable in the first quarter 2026?
Operating loss was $8.0M (-2.5% of revenue) and net loss $8.8M.