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    David Neil

    Research Analyst at JPMorgan Chase & Co.

    David Neil is an Executive Director and Equity Research Analyst at JPMorgan Chase & Co., specializing in the European Utilities sector. He provides detailed coverage of major energy and utility companies such as Centrica, EDF, E.ON, Enel, and National Grid, and is recognized for his in-depth analysis and thorough industry knowledge. David began his career in finance in the mid-2000s, with prior positions at financial firms including Morgan Stanley and Citigroup, before joining JPMorgan in 2015. He holds a CFA charter and relevant FINRA securities licenses, and has been acknowledged for delivering actionable investment insights, achieving a solid success rate and positive returns in published recommendations.

    David Neil's questions to WEBTOON Entertainment (WBTN) leadership

    David Neil's questions to WEBTOON Entertainment (WBTN) leadership • Q2 2025

    Question

    David Neil, asking for Doug Anmuth, questioned the drivers behind the strong Q3 revenue growth acceleration and its sustainability. He also sought more detail on the Disney collaboration, asking about exclusivity and the relative importance of new original series versus reformatted content.

    Answer

    CFO & COO David Lee clarified that the Q3 guidance does not include any impact from the Disney deal and that the acceleration is partly due to the timing of revenue recognition for IP adaptations. He noted the adjusted EBITDA guidance reflects a deliberate investment in marketing to support user growth. Regarding Disney, Lee stated they are excited about both new originals and reformatted titles, noting that new original series will take more time to develop over the multi-year agreement.

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