Filing Flows › Webtoon Entertainment (WBTN) › Q2 2025
Webtoon Entertainment (WBTN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Webtoon Entertainment (WBTN) reported revenue of $348M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +7% from the quarter before. Operating margin was -2.5%, net loss $3.9M (1.1% of revenue).
Webtoon Entertainment, Q2 2025: revenue $348M (+8% year over year), operating margin -2.5%, net loss $3.9M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $348M | +7% | +9% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $5.7M | — | — |
| Free cash flow | $3.9M | — | — |
What changed
Revenue was $348.3M in Q2 2025, up 9% year over year and up 7% from the previous quarter. Paid Content was the largest line at 79% of revenue. Paid Content added $14.2M year over year (up 5%), 52% of the total change.
Operating costs exceeded revenue by $8.8M, an operating margin of -2.5%. Total costs fell 11% while revenue rose 9%. The fastest-growing cost line was Other operating costs (+33%). The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $22.0M loss. Non-operating items added $4.0M, -86% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.7M. Non-cash charges added back $8.4M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $1.8M left free cash flow of $3.9M.
Questions
What was Webtoon Entertainment's revenue in the second quarter 2025?
Webtoon Entertainment (WBTN) reported revenue of $348M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +7% from the quarter before.
Was Webtoon Entertainment profitable in the second quarter 2025?
Operating loss was $8.8M (-2.5% of revenue) and net loss $3.9M.