Filing Flows › Webtoon Entertainment (WBTN) › Q4 2025
Webtoon Entertainment (WBTN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Webtoon Entertainment (WBTN) reported revenue of $331M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -13% from the quarter before. Operating margin was -4.0%, net loss $336M (101.8% of revenue).
Webtoon Entertainment, Q4 2025: revenue $331M (-6% year over year), operating margin -4.0%, net loss $336M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | -13% | -6% |
| Operating profit | −$13.2M | — | — |
| Net earnings | −$336M | — | — |
| Operating cash flow | $7.6M | -54% | — |
| Free cash flow | $7.0M | -41% | — |
What changed
Revenue was $330.7M in Q4 2025, down 6% year over year and down 13% from the previous quarter. Paid Content was the largest line at 80% of revenue.
Operating costs exceeded revenue by $13.2M, an operating margin of -4.0%. Total costs fell 10% while revenue fell 6%. The quarter ended with a net loss of $336.5M, wider than the previous quarter's $11.1M loss. Minority interests bore $28.9M of it: to shareholders the quarter was a loss of $307.6M. Net interest and other expense of $341.6M was the main reason.
Operating cash flow was $7.6M. Non-cash charges added back $10.6M of depreciation and amortization and $6.8M of share-based compensation. Working capital and other items added $326.7M. Capital expenditures of $635K left free cash flow of $7.0M.
Questions
What was Webtoon Entertainment's revenue in the fourth quarter 2025?
Webtoon Entertainment (WBTN) reported revenue of $331M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and -13% from the quarter before.
Was Webtoon Entertainment profitable in the fourth quarter 2025?
Operating loss was $13.2M (-4.0% of revenue) and net loss $336M.