WEBTOON Entertainment (WBTN) Operating Margin (2023 - 2026)
WEBTOON Entertainment's (WBTN) quarterly Operating Margin came in at 2.5% in Q1 2026, up 567.0% YoY from 0.38% in Q1 2025, and up 37.47% on a QoQ basis from 4.0% in Q4 2025.
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WEBTOON Entertainment (WBTN) Operating Margin (2023 - 2026) Analysis & Trends
WEBTOON Entertainment (WBTN) has 4 years of Operating Margin data on file, last reported at 2.5% in Q1 2026.
- Quarterly Operating Margin rose 567.0% year-over-year to 2.5% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.26% (up 724.0% YoY) and the FY2025 annual result came in at 4.59%, up 287.0% from the prior year.
- Operating Margin improved to 2.5% in Q1 2026, from 4.0% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 4.34% in Q1 2024 to a low of 24.64% in Q2 2024.
- A 4-year average of 4.73% and a median of 2.51% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin slumped 2294 bps — and 2025, when it surged 2213 bps.
- Tracing WBTN's Operating Margin over 4 years: stood at 1.31% in 2023, then tumbled by 499 bps to 7.85% in 2024, then jumped by 49 bps to 4.0% in 2025, then jumped by 37 bps to 2.5% in 2026.
- The last three Operating Margin figures came in at 2.5% (Q1 2026), 4.0% (Q4 2025), and 3.94% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.88% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 21.88% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -30.21% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 28.79% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.70% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -4.68% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 28.77% |
| 10 | WEBTOON Entertainment | 1.42 Bn | 775.06 Mn | 88.14 Mn | -4.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.60% |
| Mar 31, 2026 | -2.50% |
| Dec 31, 2025 | -4.00% |
| Sep 30, 2025 | -3.94% |
| Jun 30, 2025 | -2.52% |
| Mar 31, 2025 | -8.18% |
| Dec 31, 2024 | -7.85% |
| Sep 30, 2024 | -2.32% |
| Jun 30, 2024 | -24.64% |
| Mar 31, 2024 | 4.34% |
| Dec 31, 2023 | -1.31% |
| Sep 30, 2023 | -2.12% |
| Jun 30, 2023 | -1.70% |