WEBTOON Entertainment (WBTN) Cost of Revenue (2023 - 2026)
WEBTOON Entertainment's (WBTN) quarterly Cost of Revenue came in at $237.8 million in Q1 2026, down 6.4% YoY from $254.1 million in Q1 2025, and down 4.93% on a QoQ basis from $250.2 million in Q4 2025.
WEBTOON Entertainment (WBTN) Cost of Revenue (2023 - 2026) Analysis & Trends
WEBTOON Entertainment (WBTN) has 4 years of Cost of Revenue data on file, last reported at $237.8 million in Q1 2026.
- Quarterly Cost of Revenue fell 6.4% year-over-year to $237.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $554.2 million (down 2.12% YoY) and the FY2025 annual result came in at $1.1 billion, up 883.94% from the prior year.
- Cost of Revenue fell to $237.8 million in Q1 2026, from $250.2 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $256.5 million in Q3 2024 to a low of -$608.5 million in Q4 2023.
- A 4-year average of $84.7 million and a median of $136.5 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue tumbled 90.21% — and 2025, when it jumped 1204.53%.
- Tracing WBTN's Cost of Revenue over 4 years: stood at -$608.5 million in 2023, then jumped by 105.28% to $32.1 million in 2024, then soared by 678.42% to $250.2 million in 2025, then retreated by 4.93% to $237.8 million in 2026.
- The last three Cost of Revenue figures came in at $237.8 million (Q1 2026), $250.2 million (Q4 2025), and $35.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,174.14 Bn | 3,745.10 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,527.63 Bn | 1,437.37 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 288.75 Bn | 284.26 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 103.22 Bn | 92.98 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 77.46 Bn | 76.57 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.36 Bn | 39.73 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.24 Bn | 27.45 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | WEBTOON Entertainment | 1.18 Bn | 519.98 Mn | 83.05 Mn | 237.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 237.82 Mn |
| Mar 31, 2026 | 237.82 Mn |
| Dec 31, 2025 | 250.17 Mn |
| Dec 31, 2025 | 250.17 Mn |
| Sep 30, 2025 | 35.17 Mn |
| Sep 30, 2025 | 35.17 Mn |
| Jun 30, 2025 | 31.07 Mn |
| Jun 30, 2025 | 31.07 Mn |
| Mar 31, 2025 | 254.10 Mn |
| Mar 31, 2025 | 254.10 Mn |
| Dec 31, 2024 | 32.14 Mn |
| Dec 31, 2024 | 32.14 Mn |
| Sep 30, 2024 | 256.53 Mn |
| Sep 30, 2024 | 256.53 Mn |
| Jun 30, 2024 | 23.45 Mn |
| Jun 30, 2024 | 23.45 Mn |
| Mar 31, 2024 | 19.48 Mn |
| Mar 31, 2024 | 19.48 Mn |
| Dec 31, 2023 | -608.51 Mn |
| Dec 31, 2023 | -608.51 Mn |