WEBTOON Entertainment (WBTN) Gross Margin (2023 - 2026)
WEBTOON Entertainment's (WBTN) quarterly Gross Margin came in at 25.88% in Q1 2026, up 390.0% YoY from 5.28% in Q1 2025, and up 6.3% on a QoQ basis from 24.35% in Q4 2025.
Analysis
WEBTOON Entertainment (WBTN) Gross Margin (2023 - 2026) Analysis & Trends
WEBTOON Entertainment (WBTN) has 4 years of Gross Margin data on file, last reported at 25.88% in Q1 2026.
- Quarterly Gross Margin rose 390.0% year-over-year to 25.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 59.78% (up 180.0% YoY) and the FY2025 annual result came in at 23.3%, down 6871.0% from the prior year.
- Gross Margin climbed to 25.88% in Q1 2026, from 24.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 282.15% in Q4 2023 to a low of 21.99% in Q1 2025.
- A 4-year average of 74.0% and a median of 58.48% in 2024 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 6739 bps in 2024, down 19126 bps in 2024.
- Tracing WBTN's Gross Margin over 4 years: stood at 282.15% in 2023, then tumbled by 68 bps to 90.89% in 2024, then tumbled by 73 bps to 24.35% in 2025, then gained by 6 bps to 25.88% in 2026.
- The last three Gross Margin figures came in at 25.88% (Q1 2026), 24.35% (Q4 2025), and 90.7% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 81.37% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 33.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 77.06% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 91.27% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 37.22% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 78.18% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 76.06% |
| 10 | WEBTOON Entertainment | 1.42 Bn | 775.06 Mn | 88.14 Mn | 26.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.04% |
| Mar 31, 2026 | 25.88% |
| Dec 31, 2025 | 24.35% |
| Sep 30, 2025 | 21.90% |
| Jun 30, 2025 | 25.06% |
| Mar 31, 2025 | 21.99% |
| Dec 31, 2024 | 23.32% |
| Sep 30, 2024 | 26.27% |
| Jun 30, 2024 | 25.88% |
| Mar 31, 2024 | 25.21% |
| Dec 31, 2023 | 22.87% |
| Sep 30, 2023 | 22.69% |
| Jun 30, 2023 | 25.31% |