Webtoon Entertainment reported second-quarter adjusted earnings of $0.04 per share, surpassing the Zacks Consensus Estimate of $0.02 per share. Revenue came in at $338.47 million, slightly below the consensus of $338.84 million and down from $348.27 million a year earlier. The company has beaten EPS estimates in three of the past four quarters but has missed revenue estimates in each of the last four quarters. Shares have fallen about 31.5% year-to-date, while the S&P 500 has gained 13.3%. The current Zacks Rank for the stock is #4 (Sell).
WEBTOON Entertainment Inc. Common stockQ2 EPS beat estimates
