WEBTOON Entertainment
WBTN on Nasdaq. WEBTOON Entertainment sells comics and stories to readers through its apps and website. Market value $1.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Media & telecom stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-0.29 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$10.20 a share, 30% above its 1-year low
Over the past year the price has ranged from $7.85 to $19.01.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $4 million in the past 12 months, $4 million in the year to December 2025.
| Revenue | ||
| Revenue | $1.3bn | $1.4bn |
| Operating margin | ||
| Operating margin | -7.5% | -4.6% |
| Debt to equity | ||
| Debt to equity | 0.00 | n/a |
| Shares outstanding | ||
| Shares outstanding | 0.13bn | 0.14bn |
Health checks
- Free cash flow positive2 of 2 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)3 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $338 million last quarter, down 3% on a year ago.
- A loss of $15 million, compared with a loss of $4 million a year ago.
- It loses 4 cents on each $1 of sales, compared with 5 cents a year earlier.
- 4% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $348m |
| December 2024 | $353m |
| March 2025 | $326m |
| June 2025 | $348m |
| September 2025 | $378m |
| December 2025 | $331m |
| March 2026 | $321m |
| June 2026 | $338m |
| Quarter to | Amount |
|---|---|
| September 2024 | $20m |
| December 2024 | -$93m |
| March 2025 | -$22m |
| June 2025 | -$4m |
| September 2025 | -$12m |
| December 2025 | -$308m |
| March 2026 | -$9m |
| June 2026 | -$15m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 5 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
None of the long-term investors we follow own it. 100 funds in all.
Largest holders overall
- Softbank Group$359m
- FMR$175m
- BlackRock$22mAdded
- Morgan Stanley$16mAdded
- Ameriprise Financial$12mAdded
- Geode Capital Management$7mAdded
- ExodusPoint Capital Management, LP$5mAdded
- State Street$5mAdded
- Creative Planning$4mAdded
- Millennium Management$3mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.