WEBTOON Entertainment (NASDAQ:WBTN) Announces Quarterly Earnings Results

WEBTOON Entertainment (NASDAQ:WBTN) posted its earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06), Zacks reports. The business had revenue of $352.85 million during the quarter, compared to the consensus estimate of $351.00 million. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ:WBTN traded up $0.32 on Thursday, hitting $9.30. 182,341 shares of the company were exchanged, compared to its average volume of 284,998. The company’s 50 day moving average price is $12.47 and its two-hundred day moving average price is $12.05. WEBTOON Entertainment has a one year low of $8.97 and a one year high of $25.66.

Analyst Ratings Changes

A number of research analysts have recently commented on WBTN shares. JPMorgan Chase & Co. lowered their price objective on WEBTOON Entertainment from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group reduced their price objective on shares of WEBTOON Entertainment from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of WEBTOON Entertainment from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, WEBTOON Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.