Search results for Lore Olympus
Games & Commerce
Kim Yong-su says creators\' success is webtoons\' success, 70 billion won investment in ecosystem
Kim Yong-su (김용수), the new president and CEO of Webtoon Entertainment, said the company will expand investment in its creator ecosystem. He said revenue distributed to creators worldwide from 2021 to 2025 totalled 4.15 trillion won and that support will be increased this year. The company plans to expand its flywheel strategy across creators, content and users, including revamping its CANVAS UGC platform, expanding video formats and developing mega IP.
Games & Commerce
Webtoon Entertainment 2025 revenue nears 2 trillion won, operating loss down 37 percent
Webtoon Entertainment said on Monday it posted revenue growth for a third straight year and recorded positive adjusted EBITDA for a third consecutive year. Full-year 2025 revenue rose 2.5 percent to $1.38 billion, it said. Adjusted EBITDA was $19.4 million and the operating loss narrowed 36.9 percent to $63.5 million. Fourth-quarter revenue fell 6.3 percent, while adjusted EBITDA turned positive. The company forecast first-quarter revenue to be down 1.5 percent to up 1.5 percent on a constant-currency basis.
Games & Commerce
Naver Webtoon \'Lore Olympus\' to be made into animation series for Prime Video
Naver Webtoon said on Tuesday its English original webtoon \'Lore Olympus\' will be produced as an animated series for Prime Video and released exclusively in more than 240 regions worldwide. The title was discovered on Naver Webtoon\'s amateur platform Canvas and has logged more than 1.8 billion cumulative global views. It won both the Eisner Awards and the Harvey Awards in 2022 and won the Eisner Award for best webcomic for three consecutive years through 2024.