Filing Flows › Webtoon Entertainment (WBTN) › Q3 2026
Webtoon Entertainment (WBTN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
Webtoon Entertainment (WBTN) reported revenue of $363M for the third quarter 2026 (Q3 2026), -4% from a year earlier and +7% from the quarter before. Operating margin was -2.5%, net loss $7.5M (2.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $363M | +7% | -4% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$7.5M | — | — |
| Operating cash flow | $6.2M | — | -62% |
| Free cash flow | $3.4M | — | -71% |
What changed
Revenue was $362.8M in Q3 2026, down 4% year over year and up 7% from the previous quarter. Paid Content was the largest line at 76% of revenue. IP Adaptations lost $14.3M year over year (down 28%), 94% of the total change.
Operating costs exceeded revenue by $9.2M, an operating margin of -2.5%. Total costs fell 5% while revenue fell 4%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $7.5M, narrower than the previous quarter's $14.6M loss.
Operating cash flow was $6.2M (down 62% year over year). Non-cash charges added back $6.5M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items used $495K. Capital expenditures of $2.8M left free cash flow of $3.4M.
Questions
What was Webtoon Entertainment's revenue in the third quarter 2026?
Webtoon Entertainment (WBTN) reported revenue of $363M for the third quarter 2026 (Q3 2026), -4% from a year earlier and +7% from the quarter before.
Was Webtoon Entertainment profitable in the third quarter 2026?
Operating loss was $9.2M (-2.5% of revenue) and net loss $7.5M.