From GlobeNewswire

1. GlobeNewswire reports that Amazon’s revenue for the second quarter of 2021 reached $113.08 billion, surpassing analysts’ expectations of $115 billion. The company’s profit also exceeded estimates, with net income hitting $7.8 billion.

2. According to GlobeNewswire, Tesla’s second-quarter revenue totaled $11.96 billion, up 98% from the previous year. The electric vehicle maker reported a net income of $1.14 billion, marking its eighth consecutive profitable quarter.

3. GlobeNewswire reveals that Microsoft’s revenue for the fourth quarter of 2021 reached $46.15 billion, surpassing Wall Street’s expectations of $44.24 billion. The tech giant’s net income also exceeded forecasts, coming in at $16.46 billion.

4. GlobeNewswire reports that Apple’s third-quarter revenue hit $81.43 billion, up 36% from the same period last year. The company’s profit for the quarter reached $21.74 billion, driven by strong sales of iPhones, Macs, and services.

5. GlobeNewswire reveals that Google’s parent company, Alphabet, reported second-quarter revenue of $61.88 billion, beating analysts’ expectations of $56.16 billion. The tech giant’s net income for the quarter totaled $18.53 billion, driven by strong advertising revenue.: 2025-02-06 17:00:00

WEBTOON Entertainment Inc. announced preliminary estimated financial results for Q4 2024 and full year 2024. Total revenue for the full year was approximately $1.347 billion, with a net income range of $(158) to $(152) million. Adjusted EBITDA range was $67 to $68 million. Q4 revenue was approximately $351 million.

The company reported revenue growth of over 12% in 2024 compared to 2023. Adjusted EBITDA profitability grew over 600% to $67 million in 2024. Currency translation and political turbulence in Korea impacted revenue growth in Q4. Actuarial losses on retiree benefits affected Q4 Adjusted EBITDA by approximately $6 million.

WEBTOON Entertainment plans to report Q4 and full year 2024 financial results on February 25, 2025. A conference call will be held at 4:30 p.m. ET to review the results. The company’s management team will provide more details during the call. A live webcast will be available online.

The preliminary estimated financial results are unaudited and subject to change. The information is based on management’s assumptions and estimates as of the date of the press release. Actual financial results may differ from the estimates due to various factors. The company’s independent registered public accounting firm has not audited the preliminary estimated financial information. WEBTOON adaptations are now available on popular streaming platforms like Netflix, Prime Video, and Crunchyroll. The company’s content partners include big names like Discord, HYBE, and DC Comics, expanding its reach to a global audience.

With around 170 million monthly active users, WEBTOON Entertainment’s IP & Creator Ecosystem includes brands like Wattpad, Studio N, and LINE MANGA. The company is focused on growth and innovation, offering a variety of platforms for creators and users to engage with their favorite content.

The release contains forward-looking statements about the company’s financial results for the quarter ended December 31, 2024. Risks and uncertainties are highlighted, emphasizing the importance of not relying solely on these projections. Factors like market trends, competition, and legal issues could impact future performance.

Non-GAAP financial measures like Adjusted EBITDA and revenue growth on a constant currency basis are provided to help users understand the company’s financial performance. These measures exclude certain items to provide a clearer picture of the underlying business trends and performance indicators.

Investors and shareholders are encouraged to review the company’s financial statements and reports in their entirety, rather than relying solely on non-GAAP measures. A reconciliation of historical non-GAAP financial measures to GAAP measures is provided for transparency and clarity in evaluating the company’s financial performance. Adjusted EBITDA is a financial measure that removes certain impacts to evaluate business performance. Revenue on a Constant Currency Basis adjusts revenue for foreign exchange fluctuations. Revenue Growth on a Constant Currency Basis calculates growth rates adjusted for currency fluctuations. In 2024, revenue on a constant currency basis was $367.3 million. Adjusted EBITDA for the period was $(4.5) million.

The reconciliation table shows revenue adjustments for currency fluctuations and deconsolidated operations. Net income is reconciled to Adjusted EBITDA, which considers various factors such as impairment losses and stock-based compensation expenses. In 2024, the Adjusted EBITDA range was $(4.5) million to $(3.5) million. Total revenue in 2024 was $1,346.8 million.

For the year ended December 31, 2023, Adjusted EBITDA ranged from $67.0 million to $68.0 million. Net income was $(157.5) million. Various factors like impairment losses and restructuring costs impacted the financial performance. Total revenue in 2023 was $1,282.7 million. Contact Investor Relations at [email protected] for more information. Corporate Communications can be reached at [email protected].



Read more at GlobeNewswire

1. GlobeNewswire reports that Amazon’s revenue for the second quarter of 2021 reached $113.08 billion, surpassing analysts’ expectations of $115 billion. The company’s profit also exceeded estimates, with net income hitting $7.8 billion.

2. According to GlobeNewswire, Tesla’s second-quarter revenue totaled $11.96 billion, up 98% from the previous year. The electric vehicle maker reported a net income of $1.14 billion, marking its eighth consecutive profitable quarter.

3. GlobeNewswire reveals that Microsoft’s revenue for the fourth quarter of 2021 reached $46.15 billion, surpassing Wall Street’s expectations of $44.24 billion. The tech giant’s net income also exceeded forecasts, coming in at $16.46 billion.

4. GlobeNewswire reports that Apple’s third-quarter revenue hit $81.43 billion, up 36% from the same period last year. The company’s profit for the quarter reached $21.74 billion, driven by strong sales of iPhones, Macs, and services.

5. GlobeNewswire reveals that Google’s parent company, Alphabet, reported second-quarter revenue of $61.88 billion, beating analysts’ expectations of $56.16 billion. The tech giant’s net income for the quarter totaled $18.53 billion, driven by strong advertising revenue.:: WEBTOON Entertainment Inc. Announces Select Fourth Quarter