Webtoon reports preliminary Q4 revenue $351.2M, consensus $356.1M

Reports Q4 adjusted EBITDA loss $3.5M-$4.5M. Junkoo Kim, founder and CEO said, “We are pleased to share that we have achieved a full year of growth and profitability in 2024. We increased our revenue by over 12% on a constant currency basis from fiscal year 2023. We delivered our second consecutive year of Adjusted EBITDA profitability, with over $67 million in 2024, which grew over 600% from $8.7 million in 2023. While foreign exchange rates presented a headwind in the fourth quarter, we are pleased to have demonstrated another quarter of approximately 10% revenue growth on a constant currency basis. We believe our fundamentals and strategy remain sound, and look forward to sharing more details on our upcoming earnings call.”