WEBTOON Reports Q3 2026 Revenue of US$362.8 Million Amid Japan Struggles

WEBTOON reported third-quarter revenue of US$362.8 million, a 4.0% year-over-year decline, while narrowing its net loss to US$7.5 million from US$11.1 million previously. Advertising revenue surged 26.2% to US$49.7 million, offsetting declines in paid content and IP adaptations. Currency fluctuations significantly impacted results, with the weak Korean won and Japanese yen weighing on figures.

Performance varied sharply by region. Korea saw growth driven by increased user spending, whereas Japan, the company's largest market, experienced double-digit drops in active users and paying subscribers. To address this weakness, President Yongsoo Kim announced plans to invest 10 billion yen over three years to strengthen local content pipelines.

Looking ahead, WEBTOON projects currency-adjusted revenue growth of 9.0%–12.0% for the fourth quarter. The outlook includes contributions from RI Games Holdings Inc. following deal completion. The company also highlighted upcoming IP expansions, including a live-action series based on Remarried Empress and a new Marvel app launching November 16.