Operating Loss of 11 Billion Won ‘Continues Deficit’… Net Profit of 27.2 Billion Won ‘Turns to Surplus’
CEO Kim Jun-gu: “Achieved Global Expansion and Operational Efficiency”,
Naver Webtoon at the France Amazing Festival (provided by Webtoon Entertainment),
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, ‘(Seoul=News1) Reporter Kim Min-seok = Webtoon Entertainment, the parent company of Naver Webtoon, announced on the 8th that it continued its deficit with an operating loss of 11 billion won (8.085 million dollars, with an average exchange rate of 1,358.617 won) in the third quarter of this year, while revenue increased by 9.5% year-on-year to 472.5 billion won (347.9 million dollars).’,
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, ‘The net profit turned to a surplus of 27.2 billion won (20 million dollars). Adjusted EBITDA was recorded at 39.3 billion won (28.9 million dollars).’,
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, ‘By sector, ad sales in Korea and Japan increased, leading to a 20.8% increase year-on-year in total ad sales.’,
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, ‘In the paid content sector, the introduction of AI recommendation models led to an 8.9% year-on-year increase in Japan sales (12.7% increase at the same exchange rate).’,
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, ‘According to Sensor Tower research, Line Manga ranked first in sales in the overall app market in Japan (iOS and Google Play combined) in August and September, including games.’,
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, ‘The IP (intellectual property) business fell by 3.5% in sales year-on-year (increased by 5.3% at the same exchange rate).’,
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, ‘Kim Jun-gu, CEO of Webtoon Entertainment (Naver Webtoon), said, “We have achieved both global expansion and operational efficiency,” and added, “We will continue to strengthen the creative ecosystem and global flywheel to sustain growth.”