$WBTN

2 stories mentioning WBTNUpdated 42d ago

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Webtoon Entertainment Q1 Adjusted Earnings Rise, Revenue Falls; Shares Drop After Hours

Webtoon Entertainment (WBTN) reported Q1 adjusted earnings late Monday of $0.07 per diluted share, up from $0.03 a year earlier.Three analysts polled by FactSet expected a loss of $0.05.Revenue in the three months ended March 31 fell to $320.9 million from $325.7 million a year earlier.Analysts surveyed by FactSet expected $321.6 million.The company expects Q2 revenue of $332 million to $342 million. Analysts polled by FactSet expect $348 million.Webtoon's shares slumped 16% in after-hours trading.

$WBTN

Wire56d ago

Webtoon to Launch Interactive Character Features With Genies

Webtoon Entertainment (WBTN) said Monday it teamed up with Genies to develop digital avatar tools that allow creators to turn characters into interactive experiences.Financial terms were not provided.The digital storytelling platform operator said the tools will let users interact with characters through chat and access digital content. Initial rollout will include select titles, and broader availability is planned later, according to the company.Webtoon said the offering is expected to introduce digital items and support new revenue opportunities for creators, with the first features scheduled to launch this summer.Shares of the company were up over 5% in Monday trading.Price: $11.68, Change: $+0.55, Percent Change: +4.90%

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