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Webtoon (WBTN) Reports Q1 Earnings: What Key Metrics Have to Say

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Webtoon Entertainment (WBTN - Free Report) reported $320.87 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 1.5%. EPS of $0.07 for the same period compares to $0.03 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $321.61 million, representing a surprise of -0.23%. The company delivered an EPS surprise of +426.32%, with the consensus EPS estimate being $0.01.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Webtoon performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Monthly Active Users (MAU): 144.3 million versus 151.57 million estimated by three analysts on average.
  • Monthly Active Users (MAU) - Japan: 21.1 million versus 22.67 million estimated by two analysts on average.
  • Monthly Active Users (MAU) - Rest of World: 100 million versus the two-analyst average estimate of 106.76 million.
  • Monthly Paying Users (MPU) - Korea: 3.7 million compared to the 3.56 million average estimate based on two analysts.
  • Monthly Paying Users (MPU) - Japan: 2.1 million compared to the 2.19 million average estimate based on two analysts.
  • Monthly Paying Users (MPU): 7.5 million versus 7.65 million estimated by two analysts on average.
  • Paying Ratio - Korea: 16.1% versus the two-analyst average estimate of 14.8%.
  • Paying Ratio - Japan: 9.8% compared to the 9.7% average estimate based on two analysts.
  • Paying Ratio - Rest of World: 1.7% versus 1.8% estimated by two analysts on average.
  • Revenue- Paid Content Revenue: $261.44 million versus the two-analyst average estimate of $260.02 million. The reported number represents a year-over-year change of +0.5%.
  • Revenue- IP Adaptations Revenue: $19.75 million versus $24.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22.8% change.
  • Revenue- Advertising Revenue: $39.68 million versus $38.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.

View all Key Company Metrics for Webtoon here>>>

Shares of Webtoon have returned +19.4% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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