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WEBTOON Entertainment (Nasdaq: WBTN)<\/b> reported Q1 2026 revenue of $320.9 million<\/b>, down 1.5% year-over-year, but up 0.2% on a constant currency basis. Net loss was $8.8 million<\/b>, while Adjusted EBITDA<\/b> increased to $9.5 million<\/b> (3.0% margin).<\/p>\n
Cash and equivalents were $594.9 million<\/b> with no debt. Operating cash outflow was $11.8 million<\/b>. For Q2 2026, WEBTOON guides constant currency revenue of $332\u2013$342 million<\/b> and Adjusted EBITDA of $0\u2013$5 million<\/b> (0.0%\u20131.5% margin).<\/p>\n<\/div>\n \n Loading…<\/span>\n <\/p>\n Loading translation…<\/span>\n <\/div>\n AI-generated analysis. Not financial advice.<\/p>\n<\/p><\/div>\n
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WBTN was up 0.53%<\/b> pre-release, while peers showed mixed moves: OPRA (-0.11%), MOMO (-1.89%), BMBL (+4.02%), TBLA (+4.17%), GRPN (+11.13%). This pattern points to a stock-specific driver rather than a uniform sector trend.<\/p>\n
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Earnings have often triggered downside moves even when revenue or profitability trends improved, with one notable upside outlier in Q2 2025.<\/p>\n<\/p><\/div><\/div>\n Over the last five earnings reports from Feb 2025<\/b> through Mar 2026<\/b>, WEBTOON showed modest revenue growth and persistent net losses, while keeping cash balances above roughly the mid\u2011$500M level and no debt. Adjusted EBITDA margins generally stayed low single digits, occasionally improving but not yet transforming profitability. Market reactions skewed negative, including double\u2011digit drops following several 2025 reports, with a single sharp gain after Q2 2025. Today\u2019s Q1 2026 release continues the theme of stable revenue with incremental margin progress.<\/p>\n<\/p><\/div><\/div><\/div>\n<\/div>\n <\/p>\n +3.6%<\/span><\/p>\n Average Historical Move<\/span> In the past five earnings releases, average share move was 3.61%<\/b>. Before this Q1 2026 report, WBTN was up only 0.53%<\/b>, a smaller pre-announcement shift than usual.<\/p>\n Same-tag earnings history shows low single-digit revenue growth, ongoing net losses, and small but positive Adjusted EBITDA, with consistently strong cash balances and no debt.<\/p>\n<\/p><\/div><\/div><\/div>\n<\/div>\n <\/p>\n <\/p>\n
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<\/p>\n “Adjusted EBITDA of $9.5 million, compared to $4.1 million in the prior year\u200b”<\/p>\n Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren\u2019t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.<\/p>\n<\/p><\/div>\n
<\/p>\n “Adjusted EBITDA Margin was 3.0%, compared to 1.3% in the prior year.”<\/p>\n Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company’s true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.<\/p>\n<\/p><\/div>\n
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\n -15.55%<\/span>
\n Since News<\/span>
\n <\/p>\n
\n $11.24<\/span>
\n Last Price<\/span>
\n <\/p>\n
\n
\n $11.00<\/span>
\n $13.41<\/span>
\n <\/span>
\n Day Range<\/span>
\n <\/p>\n
\n -$330M<\/span>
\n Valuation Impact<\/span>
\n <\/p>\n
\n $1.79B<\/span>
\n Market Cap<\/span>
\n <\/p>\n
\n 0.0x<\/span>
\n Rel. Volume<\/span>
\n <\/p>\n<\/p><\/div><\/div>\n
\n
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\n Following this news, WBTN<\/strong> has declined 15.55%<\/strong>, reflecting a significant negative market reaction.
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\n Our momentum scanner has triggered 6 alerts<\/strong> so far, indicating moderate trading interest and price volatility.
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\n The stock is currently trading at $11.24<\/strong>.
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\n This price movement has removed approximately $330M<\/strong> from the company’s valuation.
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\n <\/p>\n
\n Data tracked by StockTitan Argus<\/a> (15 min delayed). Upgrade to Gold<\/a> for real-time data.
\n <\/p>\n<\/p><\/div><\/div><\/div>\n<\/div>\n
\n<\/p>\n
\n Q1 2026 revenue<\/span>
\n $320.9M<\/span>
\n
\n Total revenue, down 1.5% year-over-year<\/span>
\n
\n <\/p>\n
\n Constant-currency revenue<\/span>
\n $326.4M (0.2% growth)<\/span>
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\n Q1 2026 revenue on a constant currency basis<\/span>
\n
\n <\/p>\n
\n Net loss<\/span>
\n $8.8M<\/span>
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\n Q1 2026 net loss vs $22.0M prior-year quarter<\/span>
\n
\n <\/p>\n
\n Adjusted EBITDA<\/span>
\n $9.5M<\/span>
\n
\n Q1 2026 vs $4.1M in Q1 2025<\/span>
\n
\n <\/p>\n
\n Adjusted EBITDA margin<\/span>
\n 3.0%<\/span>
\n
\n Q1 2026 vs 1.3% in Q1 2025<\/span>
\n
\n <\/p>\n
\n Cash & cash equivalents<\/span>
\n $594.9M<\/span>
\n
\n Cash at March 31, 2026; no debt outstanding<\/span>
\n
\n <\/p>\n
\n Operating cash flow<\/span>
\n $11.8M outflow<\/span>
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\n Q1 2026 cash outflow vs $18.7M outflow prior year<\/span>
\n
\n <\/p>\n
\n Q2 2026 revenue outlook<\/span>
\n $332\u2013$342M<\/span>
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\n Guided constant-currency growth of 1.7%\u20134.6%<\/span>
\n
\n <\/p>\n<\/p><\/div><\/div>\n<\/div>\n
\n $13.28<\/span>
\n Last Close<\/span>
\n <\/p>\n
\n Volume<\/span>
\n Volume 212,265<\/b> is below the 20-day average of 274,689<\/b>, suggesting a relatively muted pre-earnings positioning.<\/span>
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\n normal<\/span>
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\n <\/p>\n
\n Technical<\/span>
\n Shares at 13.28<\/b> trade slightly below the 200-day MA<\/b> of 13.42<\/b> and about 40.9%<\/b> under the 52-week high.<\/span>
\n <\/p>\n<\/p><\/div><\/div>\n<\/div>\n
\n Common Catalyst<\/span>
\n Only one peer, MOMO, had an earnings-date headline, indicating no broad shared news catalyst across the group.<\/span>
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Date<\/th>\n Event<\/th>\n Sentiment<\/th>\n Move<\/th>\n Catalyst<\/th>\n
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<\/p>\n Mar 03<\/td>\n
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\n FY 2025 results<\/a>
\n
\n <\/td>\n
\n Negative<\/span>
\n <\/td>\n
\n
<\/p>\n
\n -9.3%
\n <\/td>\n
\n
\n Full-year loss driven by goodwill impairments and weak Q4 revenue.
\n <\/td>\n
\n <\/tr>\n
\n
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<\/p>\n Nov 12<\/td>\n
\n
\n Q3 2025 earnings<\/a>
\n
\n <\/td>\n
\n Positive<\/span>
\n <\/td>\n
\n
<\/p>\n
\n -25.1%
\n <\/td>\n
\n
\n
\n
\n Strong revenue growth and positive Adjusted EBITDA but sharp share price drop.
\n <\/td>\n
\n <\/tr>\n
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<\/p>\n Aug 12<\/td>\n
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\n Q2 2025 earnings<\/a>
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\n <\/td>\n
\n Positive<\/span>
\n <\/td>\n
\n
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\n +81.2%
\n <\/td>\n
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\n Revenue growth and sharply improved net loss with positive EBITDA.
\n <\/td>\n
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<\/p>\n May 13<\/td>\n
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\n Q1 2025 earnings<\/a>
\n
\n <\/td>\n
\n Negative<\/span>
\n <\/td>\n
\n
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\n -18.3%
\n <\/td>\n
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\n Flat revenue, lower EBITDA and swing to net loss vs prior year.
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<\/p>\n Feb 25<\/td>\n
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\n FY 2024 results<\/a>
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\n <\/td>\n
\n Negative<\/span>
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\n -10.5%
\n <\/td>\n
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\n Full-year loss despite revenue growth and higher Adjusted EBITDA.
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\n <\/table>\n<\/p><\/div>\n
\n earnings<\/span>\n <\/div>\n
\n This announcement highlights Q1 2026 revenue of $320.9M<\/b>, essentially flat year-over-year, alongside an improved net loss of $8.8M<\/b> and stronger Adjusted EBITDA of $9.5M<\/b> with a 3.0%<\/b> margin. The company emphasized a robust cash position of roughly $594.9M<\/b> and no debt, plus modest constant-currency growth and cautious Q2 guidance. Investors may watch future revenue traction, margin progression, and execution on CANVAS and IP monetization as key markers of the evolving earnings profile.
\n <\/p>\n<\/p><\/div>\n<\/div>\n
\n adjusted ebitda<\/span>
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\n financial<\/span>
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\n <\/summary>\n
\n <\/details>\n
\n adjusted ebitda margin<\/span>
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\n financial<\/span>
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\n <\/summary>\n
\n <\/details>\n