Webtoon Q4 Revenue Drops 6.3% to $330.7M as MAUs Hit 163.2M
Webtoon Entertainment reported Q4 revenue of $330.69 million, down 6.3% year-over-year and 1.1% below estimates, with EPS improving to $0 from -$0.03 and 100% above consensus. Monthly Active Users rose to 163.2 million, led by a 9.2% beat in Rest-of-World, while paid content revenue fell 1.7%.
1. Q4 Financial Results
Webtoon delivered Q4 revenue of $330.69 million, down 6.3% year-over-year and 1.1% below consensus estimates, while EPS rose to $0 from -$0.03 last year, representing a 100% surprise over the -$0.04 forecast.
2. User Engagement Metrics
Monthly Active Users reached 163.2 million, surpassing the 153.38 million estimate, driven by a 9.2% gain in the Rest-of-World; Japan MAUs dipped to 22.2 million versus a 23.55 million forecast. Monthly Paying Users climbed to 7.5 million, beating the 7.22 million estimate, with Korea and Japan ratios above projections.
3. Revenue Segments Performance
Paid content revenue totaled $265.54 million, a 1.7% year-over-year drop and below the $270.92 million estimate. IP adaptations revenue fell 32% to $25.37 million, while advertising sales declined 12.2% to $39.77 million, reflecting soft performance across all non-core segments.