Flagship explainer
How WEBTOON Entertainment Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $1.4B | 100% |
| |
| Cost of revenue | $1.1B | 77% |
|
| $322M | 23% |
| |
| −$63.5M | −5% |
| |
| Income before tax | −$389M | −28% |
|
| Income tax | −$16M | −1% |
|
| −$346M | −25% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001997859-26-000028