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Operates the WEBTOON digital comics platform, publishing user-generated and licensed webtoons and adapting them into film/TV/games.
Operates the WEBTOON digital comics platform, publishing user-generated and licensed webtoons and adapting them into film/TV/games.
Earns mainly from readers paying for episodes, with advertising and the licensing of titles for film, TV and games adding to it. Korea's Naver is the parent. The company also owns Wattpad, the story-sharing site, and listed in the US in 2024.
Moat: narrow (network effects, installed base, IP / patents). Large creator and reader network plus a valuable IP catalog for adaptation versus smaller comics platforms.
Headquarters: Los Angeles, California, United States · Founded: 2004 · Employees: 1,800
Size WEBTOON Entertainment (WBTN) is a United States Information Technology company (Internet Software/Services) with a market value of $1.31B, the 2075th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.67 on 6 Nov 2026.
Performance Over six months the shares fell 27.2%, against -3.8% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +9.0%); the operating margin is -3.3% (peer median 10.5%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 2.0× (3rd cheapest of 21).
Capital Return on invested capital runs 22.9 points below its cost of capital (17.9% WACC).
Backlog Backlog (remaining performance obligations) was $85.9M at 31 Dec 2024, up 12% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.37B | $1.38B | $1.35B | $1.28B | $1.08B |
| Revenue growth | — | +3% | +5% | +19% | — |
| Gross profit | $334M | $320M | $336M | $292M | $270M |
| EBITDA | -$11.7M | -$22.9M | -$22.5M | $3.83M | -$81.9M |
| Net income | -$344M | -$346M | -$144M | -$116M | -$130M |
| Free cash flow | -$4.01M | $3.60M | $15.5M | $4.61M | -$143M |
| Capital expenditure | $19.9M | $17.9M | $13.1M | $22.3M | $21.2M |
| Total debt | $22.6M | $23.7M | $17.2M | $33.4M | $53.6M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WBTN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | +0.3% | 10th lowest of 21 |
| 6-month return | -27.2% | -3.8% | 5th lowest of 21 |
| Distance from 52-week high | -45.7% | -31.0% | 5th lowest of 21 |
| Revenue growth (TTM) | -0.5% | +9.0% | 4th lowest of 21 |
| Operating margin | -3.3% | 10.5% | 2nd lowest of 21 |
| EV / Sales | 0.6× | 2.0× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -22.9 pp | +3.8 pp | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WEBTOON Entertainment WBTN | United States | $1.31B | -27% | 0% | -3% | 0.6× | n/a | n/a |
| NHN 181710.KS | South Korea | $1.34B | +44% | +12% | 6% | 0.6× | -4.4% | +8.9% |
| Trustpilot TRST.L | United Kingdom | $1.36B | +12% | +19% | 5% | 4.7× | 32.7% | +20.0% |
| CarTrade Tech CARTRADE.NS | India | $1.39B | +40% | +16% | 30% | 14.9× | 34.5% | +25.6% |
| Mony MONY.L | United Kingdom | $1.42B | +21% | +2% | 26% | 2.4× | -0.7% | +5.3% |
| Huawen Media 000793.SZ | China | $1.19B | -34% | 0% | -14% | 22.2× | 17.8% | -34.6% |
| Baltic Classifieds BCG.L | United Kingdom | $1.14B | -99% | +7% | 68% | 11.6× | 15.2% | +15.9% |
| Moonpig MOON.L | United Kingdom | $1.13B | +41% | +7% | 21% | 2.5× | 3.7% | +0.3% |
| Weibo 9898.HK | Hong Kong | $1.58B | -24% | +2% | 25% | 0.5× | n/a | n/a |
| Yelp YELP | United States | $1.06B | -28% | +2% | 13% | 0.7× | -18.4% | +10.9% |
| EverQuote EVER | United States | $1.02B | +41% | +24% | 11% | 1.0× | -7.0% | +14.8% |
| Ziff Davis ZD | United States | $1.70B | +21% | -8% | 10% | 0.7× | -10.6% | +4.6% |
| D-MARKET Elektronik Hizmetler ve Ticaret AS Sponsored ADR HEPS | United States | $979M | -3% | +22% | -3% | 0.4× | n/a | n/a |
| TBO Tek TBOTEK.NS | India | $1.80B | +24% | +74% | 11% | 4.6× | n/a | n/a |
| Sify Technologies Limited Sponsored ADR SIFY | United States | $941M | -20% | +11% | 8% | 1.8× | n/a | n/a |
| BuySell Technologies 7685.T | Japan | $938M | -28% | +58% | 11% | 1.2× | -1.2% | +46.8% |
| Omada Health OMDA | United States | $924M | +2% | +48% | 0% | 2.3× | 28.7% | +42.9% |
| XinhuaNet 603888.SS | China | $1.89B | -7% | -1% | 8% | 4.5× | 22.6% | +9.3% |
| LegalZoom.com LZ | United States | $897M | -19% | +12% | 4% | 0.9× | 6.1% | +9.9% |
| TeamViewer TMV.DE | Germany | $894M | -5% | +2% | 34% | 2.2× | -11.0% | +10.4% |
| iQIYI, Inc. Sponsored ADR IQ | United States | $886M | -20% | -3% | -2% | 0.6× | n/a | n/a |
WEBTOON Entertainment reported $85.9M of remaining performance obligations at 31 Dec 2024, up 12% from a year earlier. That is 0.1 years of trailing revenue already under contract.