Filing Flows › Webtoon Entertainment (WBTN) › Q4 2024
Webtoon Entertainment (WBTN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 11, 2025
Webtoon Entertainment (WBTN) reported revenue of $353M for the fourth quarter 2024 (Q4 2024), +6% from a year earlier and +1% from the quarter before. Operating margin was -7.9%, net loss $103M (29.1% of revenue).
Webtoon Entertainment, Q4 2024: revenue $353M (+6% year over year), operating margin -7.9%, net loss $103M, operating cash flow −$8.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +1% | +6% |
| Operating profit | −$27.7M | — | — |
| Net earnings | −$103M | — | — |
| Operating cash flow | −$8.7M | — | — |
What changed
Revenue was $352.8M in Q4 2024, up 6% year over year and up 1% from the previous quarter. Paid Content was the largest line at 77% of revenue.
Operating costs exceeded revenue by $27.7M, an operating margin of -7.9%. Total costs grew 12% against revenue growth of 6%. The fastest-growing cost line was General & admin (+41%). The quarter ended with a net loss of $102.6M, after a profit of $20.0M the previous quarter. Minority interests bore $9.6M of it: to shareholders the quarter was a loss of $93.0M. Net interest and other expense of $69.9M was the main reason.
Operating cash flow was −$8.7M. Non-cash charges added back $12.1M of depreciation and amortization and $15.3M of share-based compensation. Working capital and other items added $66.5M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$9.7M.
Questions
What was Webtoon Entertainment's revenue in the fourth quarter 2024?
Webtoon Entertainment (WBTN) reported revenue of $353M for the fourth quarter 2024 (Q4 2024), +6% from a year earlier and +1% from the quarter before.
Was Webtoon Entertainment profitable in the fourth quarter 2024?
Operating loss was $27.7M (-7.9% of revenue) and net loss $103M.