Webtoon Entertainment falls after Q2 revenue misses estimates - WBTN News | RalliesWebtoon Entertainment falls after Q2 revenue misses estimates
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WBTN• Shares fall after quarterly revenue miss
- Shares of online comics platform Webtoon Entertainment WBTN.O fall 7.4% to $8.75 premarket.
- WBTN on Monday reports Q2 rev. of $338.5 mln, missing analysts' average estimate of $339.5 mln — data compiled by LSEG.
- The company reports a net loss of $14.6 mln vs. a net loss of $3.9 mln in the prior year, driven primarily by increased marketing investment.
- As of the last close, the stock is down about 27% this year.
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