Webtoon Entertainment Inc reports results for the quarter ended June 30 - Earnings Summary

• Webtoon Entertainment Inc WBTN.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of seven analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -24 cents to -4 cents per share.

• Revenue rose 8.5% to $348.27 million from a year ago; analysts expected $341.62 million.

• Webtoon Entertainment Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $4.33 million.

• Webtoon Entertainment Inc shares had risen by 0.7% this quarter and lost 32.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 49.6% 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 5 "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 $11.00, about 16.9% above its last closing price of $9.14

This summary was machine generated from LSEG data August 12 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)