WEBTOON Entertainment (WBTN) Operating Expenses (2023 - 2026)
WEBTOON Entertainment's (WBTN) quarterly Operating Expenses came in at $60.6 million in Q1 2026, down 9.21% YoY from $66.7 million in Q1 2025, and down 7.38% on a QoQ basis from $65.4 million in Q4 2025.
WEBTOON Entertainment (WBTN) Operating Expenses (2023 - 2026) Analysis & Trends
WEBTOON Entertainment (WBTN) has 4 years of Operating Expenses data on file, last reported at $60.6 million in Q1 2026.
- Quarterly Operating Expenses fell 9.21% year-over-year to $60.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $253.4 million (down 27.6% YoY) and the FY2025 annual result came in at $259.5 million, down 21.82% from the prior year.
- Operating Expenses slipped to $60.6 million in Q1 2026, from $65.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $138.7 million in Q2 2024 to a low of $45.8 million in Q3 2023.
- A 4-year average of $67.2 million and a median of $63.7 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses soared 159.41% — and 2025, when it sank 53.16%.
- Tracing WBTN's Operating Expenses over 4 years: stood at $55.1 million in 2023, then jumped by 41.15% to $77.8 million in 2024, then decreased by 16.0% to $65.4 million in 2025, then slipped by 7.38% to $60.6 million in 2026.
- The last three Operating Expenses figures came in at $60.6 million (Q1 2026), $65.4 million (Q4 2025), and $62.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | WEBTOON Entertainment | 1.18 Bn | 517.31 Mn | 83.05 Mn | 60.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.56 Mn |
| Dec 31, 2025 | 65.38 Mn |
| Sep 30, 2025 | 62.49 Mn |
| Jun 30, 2025 | 64.97 Mn |
| Mar 31, 2025 | 66.70 Mn |
| Dec 31, 2024 | 77.84 Mn |
| Sep 30, 2024 | 66.75 Mn |
| Jun 30, 2024 | 138.71 Mn |
| Mar 31, 2024 | 48.69 Mn |
| Dec 31, 2023 | 55.15 Mn |
| Sep 30, 2023 | 45.78 Mn |
| Jun 30, 2023 | 53.47 Mn |