WEBTOON Entertainment (NASDAQ:WBTN) Issues Earnings Results, Beats Expectations By $0.11 EPS

WEBTOON Entertainment (NASDAQ:WBTN) announced its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11, FiscalAI reports. The firm had revenue of $338.47 million for the quarter, compared to the consensus estimate of $339.89 million. WEBTOON Entertainment had a negative net margin of 24.12% and a positive return on equity of 2.55%.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ:WBTN traded up $0.52 during midday trading on Monday, reaching $9.45. 671,728 shares of the company’s stock traded hands, compared to its average volume of 344,535. WEBTOON Entertainment has a 1 year low of $8.30 and a 1 year high of $22.47. The company has a market cap of $1.28 billion, a P/E ratio of -3.71 and a beta of 2.56. The company has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $11.08.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at about $123,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of WEBTOON Entertainment during the 1st quarter worth about $228,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of WEBTOON Entertainment during the 1st quarter worth about $129,000. Jane Street Group LLC purchased a new position in WEBTOON Entertainment in the 1st quarter valued at about $619,000. Finally, Geode Capital Management LLC lifted its stake in WEBTOON Entertainment by 12.3% in the 2nd quarter. Geode Capital Management LLC now owns 505,892 shares of the company’s stock valued at $4,594,000 after buying an additional 55,434 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WBTN. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Wall Street Zen upgraded WEBTOON Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, WEBTOON Entertainment has a consensus rating of “Hold” and an average target price of $15.75.

WEBTOON Entertainment Company Profile

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.