WEBTOON Entertainment (NASDAQ:WBTN) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

WEBTOON Entertainment (NASDAQ:WBTN) released its quarterly earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06), Zacks reports. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.

WEBTOON Entertainment Stock Down 2.0 %

Shares of WBTN opened at $10.03 on Wednesday. The firm’s 50 day moving average is $12.53 and its 200-day moving average is $12.07. WEBTOON Entertainment has a 12-month low of $9.95 and a 12-month high of $25.66.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WBTN shares. The Goldman Sachs Group decreased their target price on shares of WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Morgan Stanley cut their target price on WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two 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, the company has an average rating of “Moderate Buy” and an average price target of $21.67.

About WEBTOON Entertainment

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.