Filing Flows › Webtoon Entertainment (WBTN) › Q3 2026 › vs Q2 2026
Webtoon Entertainment (WBTN) Q3 2026 vs Q2 2026 (quarter over quarter)
Webtoon Entertainment's revenue rose $24.3M (+7%) from $338M in Q2 2026 to $363M in Q3 2026. The biggest changes: Paid Content +$11.6M (+4%); IP Adaptations +$10.2M (+37%); Advertising +$2.6M (+5%).
Webtoon Entertainment, Q3 2026: revenue $363M (-4% year over year), operating margin -2.5%, net loss $7.5M, operating cash flow $6.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.9% | -2.3% | +3.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Paid Content | $276M | $264M | $11.6M | +4% |
| Advertising | $49.7M | $47.1M | $2.6M | +5% |
| IP Adaptations | $37.6M | $27.4M | $10.2M | +37% |
| Revenue | $363M | $338M | $24.3M | +7% |
| Other income, net | $1.2M | $7.9M | −$6.7M | -85% |
| Income tax benefit | $529K | −$6.9M | $7.5M | — |
| Net loss | $7.5M | $14.6M | −$7.1M | -49% |
| Costs & expenses | $372M | $361M | $11.0M | +3% |
| Operating costs | $372M | $354M | $18.0M | +5% |
| Cost of revenue | $270M | $250M | $19.9M | +8% |
| General & admin | $62.7M | $65.4M | −$2.7M | -4% |
| Other operating costs | $39.1M | $38.3M | $775K | +2% |
| Operating cash sources | $14.2M | $19.4M | −$5.3M | -27% |
| Depreciation & amortization | $6.5M | $7.3M | −$850K | -12% |
| Share-based compensation | $7.7M | $12.1M | −$4.4M | -37% |
| Net loss absorbed | $7.5M | $14.6M | −$7.1M | -49% |
| Working capital & other | $495K | $11.1M | −$10.6M | -96% |
| Operating cash flow | $6.2M | −$6.2M | $12.5M | — |
| Free cash flow (OCF − capex) | $3.4M | −$7.9M | $11.3M | — |
| Capital expenditures | $2.8M | $1.6M | $1.2M | +72% |
Questions
How much did Webtoon Entertainment's revenue grow quarter over quarter in Q3 2026?
Webtoon Entertainment's revenue rose $24.3M (+7%) from $338M in Q2 2026 to $363M in Q3 2026.
What drove Webtoon Entertainment's revenue change in Q3 2026?
Paid Content +$11.6M (+4%); IP Adaptations +$10.2M (+37%); Advertising +$2.6M (+5%).