Webtoon Entertainment Inc reports results for the quarter ended March 31 - Earnings Summary

• Webtoon Entertainment Inc WBTN.OQ reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended March 31. The mean expectation of six analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -22 cents to -11 cents per share.

• Revenue was $325.71 million​; analysts expected $331.94 million.

• Webtoon Entertainment Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $22.39 million.

• Webtoon Entertainment Inc shares had risen by 24.5% this quarter and lost 29.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 369.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Webtoon Entertainment Inc is $14.00

This summary was machine generated from LSEG data May 13 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)