WEBTOON Entertainment (WBTN)
Operates storytelling platforms for webcomics, webnovels, paid content, ads, and screen adaptations.
Something off on this page? Send us feedback.
Runs WEBTOON and Wattpad platforms for serialized webcomics and webnovels, earning from paid content, advertising, and IP adaptations. The business spans Korea, Japan, and the rest of world, with revenue concentrated more in Korea and Japan than its global user mix.
Runs a creator-and-fan storytelling ecosystem built around WEBTOON webcomics, Wattpad webnovels, CANVAS creator tools, paid-content access, advertising, and IP adaptations through production studios. It operates as one reportable segment because the revenue streams share technology, content, and creator relationships.
Korea and Japan carry more of the monetized business, while the user base is spread across the rest of world. The platform's execution rests on keeping creators supplied with economics and discovery tools, turning readers into paying users, and adapting stories into formats that travel beyond the app.
NAVER remains the controlling shareholder, and Disney is a current platform and equity partner for a digital comics service. The business depends on engagement, creator supply, content quality, platform competition, IP protection, and partner execution.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 11, 2026 | Evercore ISI | Reiterate | Rating: —Target: $15 | Target: $12 |
| May 13, 2026 | Deutsche Bank | Target | Target: $11 | Target: $13 |
| Mar 4, 2026 | Evercore ISI | Target | Target: $30 | Target: $15 |
| Nov 14, 2025 | UBS | Target | Target: — | Target: $13 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $583.1M · Total debt $22.6M · Total assets $1.59B · Shareholders' equity $1.16B
- Revenue
- $338.5M
- Operating income
- −$15.6M
- Net income
- −$15.2M
No dividends on record.
| Institutions | ≈ 41.07% | 55.74M shares | |
|---|---|---|---|
| 102 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.19% | 1.62M shares | |
| 8 holders · as of Aug 3, 2026 | |||
| Strategic holders | 82.37% | 111.79M shares | |
| 2 holders · as of Nov 1, 2024 | |||
| Adds to | 124.63% | ||
135.71M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 124.63%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
NAVER CorpStrategic10 percent owner | 59.21% | 80.35M | filed Nov 1, 2024 |
LY Corp1,2Strategic10 percent owner | 23.16% | 31.43M | filed Nov 1, 2024 |
SoftBank Group Corp.Institution | 23.16% | 31.43M | as of Jun 30, 2026 |
FMR LLCInstitution | 11.26% | 15.28M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.40% | 1.89M | as of Jun 30, 2026 |
- LY Corp's transaction reports restate only vehicles that traded; the 2024 ownership statement (31.43M) is used instead.
- LY Corp reports a block also reported by SoftBank Group Corp.; it is counted once, under SoftBank Group Corp.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Walt Disney
Partner and rival for comics IP, fandom, and screen time
- Netflix
Streaming rival for fandom time and adaptation projects
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WEBTOON Entertainment | $11.20 | 0.00% | $1.50B | — | — | 1.1 | −2.8% |
| Walt Disney | $103.75 | −0.08% | $180.96B | 21.5 | 13.9 | 1.8 | +7.1% |
| Netflix | $72.27 | +0.15% | $305.47B | 23.1 | 20.9 | 6.3 | +13.4% |
| Median | 22.3 | 17.4 | 4.1 | +10.2% |