Filing Flows › Webtoon Entertainment (WBTN) › Q3 2026 › vs Q3 2025
Webtoon Entertainment (WBTN) Q3 2026 vs Q3 2025 (year over year)
Webtoon Entertainment's revenue fell $15.3M (-4%) from $378M in Q3 2025 to $363M in Q3 2026. The biggest changes: IP Adaptations −$14.3M (-28%); Paid Content −$11.3M (-4%); Advertising +$10.3M (+26%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.9% | 3.1% | -2.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Paid Content | $276M | $287M | −$11.3M | -4% |
| Advertising | $49.7M | $39.4M | $10.3M | +26% |
| IP Adaptations | $37.6M | $51.9M | −$14.3M | -28% |
| Revenue | $363M | $378M | −$15.3M | -4% |
| Other income, net | $1.2M | $4.5M | −$3.2M | -72% |
| Income tax benefit | $529K | −$626K | $1.2M | — |
| Net loss | $7.5M | $11.1M | −$3.6M | -32% |
| Costs & expenses | $372M | $394M | −$21.5M | -5% |
| Operating costs | $372M | $393M | −$20.9M | -5% |
| Cost of revenue | $270M | $295M | −$25.1M | -8% |
| General & admin | $62.7M | $62.5M | $199K | +0.3% |
| Other operating costs | $39.1M | $35.2M | $3.9M | +11% |
| Operating cash sources | $14.2M | $17.6M | −$3.4M | -19% |
| Depreciation & amortization | $6.5M | $7.9M | −$1.4M | -18% |
| Share-based compensation | $7.7M | $9.6M | −$1.9M | -20% |
| Net loss absorbed | $7.5M | $11.1M | −$3.6M | -32% |
| Working capital & other | $495K | −$10.0M | $10.5M | — |
| Operating cash flow | $6.2M | $16.5M | −$10.3M | -62% |
| Free cash flow (OCF − capex) | $3.4M | $11.8M | −$8.4M | -71% |
| Capital expenditures | $2.8M | $4.7M | −$1.9M | -41% |
Questions
How much did Webtoon Entertainment's revenue grow year over year in Q3 2026?
Webtoon Entertainment's revenue fell $15.3M (-4%) from $378M in Q3 2025 to $363M in Q3 2026.
What drove Webtoon Entertainment's revenue change in Q3 2026?
IP Adaptations −$14.3M (-28%); Paid Content −$11.3M (-4%); Advertising +$10.3M (+26%).