WEBTOON Q2 revenue slightly misses estimates on lower Paid Content and IP Adaptations
WBTN•Analyst coverage and valuation
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the online services peer group is "buy."
- Wall Street's median 12-month price target for Webtoon Entertainment Inc is $12.50, about 40% above its August 7 closing price of $8.93
Q2 results and revenue drivers
- Digital comics platform's Q2 revenue declined 2.8%, slightly missing analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Revenue decline was driven by lower Paid Content and IP Adaptations, partially offset by growth in Advertising
- Net loss and lower Adjusted EBITDA were attributed to increased marketing investment
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Miss* | $338.47 mln | $339.46 mln (6 Analysts) |
| Q2 Adjusted EPS | Beat | $0.04 | -$0.07 (6 Analysts) |
| Q2 Loss Per Share | $0.11 | ||
| Q2 Net Loss | $14.58 mln | ||
| Q2 Operating Income | -$15.57 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
