Games & Commerce
Webtoon Entertainment Q3 revenue falls 4 percent; Korea paid content up 23.7 percent
Webtoon Entertainment, Naver Webtoon’s parent, reported third-quarter revenue of $362.78 million, down 4 percent from a year earlier, but up 0.2 percent on a constant-currency basis. Operating loss narrowed to $9.23 million and net loss to $7.47 million. Korea revenue rose 10.8 percent to $169.31 million, led by 23.7 percent growth in paid content, while Japan revenue fell 18.0 percent. The company forecast fourth-quarter constant-currency revenue growth of 9 to 12 percent.
