Andrew Marok

Eric Sheridan

Mark Mahaney

Matthew Cost

Benjamin Black

Jeff Seiner

David Neil

David Palmer

Doug Anmuth

Douglas Anmuth

- On **September 15, 2025**, WEBTOON Entertainment Inc. and The Walt Disney Company entered into a **non-binding term sheet** for the development of an **all-new digital comics platform** and for Disney to acquire a **2% equity interest** in WEBTOON Entertainment.  **[1997859_0001997859-25-000107_final_webtoondisneypressre.htm:0]** **[1997859_0001997859-25-000107_wbtn-20250915.htm:1]** 
- The new platform, which will be **built and operated by WEBTOON Entertainment**, will offer **more than 35,000 comics** from Marvel, Star Wars, Disney, Pixar, and 20th Century Studios in a single digital service.  **[1997859_0001997859-25-000107_final_webtoondisneypressre.htm:0]** 
- Disney+ subscribers will have access to a **curated selection of content** on the new platform as part of their existing subscription.  **[1997859_0001997859-25-000107_final_webtoondisneypressre.htm:0]** 
- Both the proposed equity investment and the commercial collaboration are subject to the parties entering into definitive agreements and customary closing conditions.  **[1997859_0001997859-25-000107_final_webtoondisneypressre.htm:0]**

WEBTOON Entertainment and Disney Announce New Digital Comics Platform and Equity Investment

- WEBTOON Entertainment, a global storytelling hub with over **155 million monthly active users**, generated **$1.35 billion in net revenue** last year and operates at a **positive operating profit**.  **[1997859_2137500_0]** 
- The company identifies its largest growth opportunity in the **United States**, where market penetration is currently sub **5%**, compared to **50%** in Korea and sub **20%** in Japan.  **[1997859_2137500_0]** **[1997859_2137500_2]**  This market has shown **19% web comic app MAU growth** in the U.S. and other English-speaking countries over the last two quarters.  **[1997859_2137500_1]** **[1997859_2137500_6]** 
- WEBTOON's business model involves users paying an average of **$0.15 to $0.70** per episode, and it has shared **$2.8 billion with creators from 2017 to 2022**.  **[1997859_2137500_1]** **[1997859_2137500_4]**  The company also leverages its content for **IP adaptations**, with **100 examples of film and series adaptations** originating from its platform.  **[1997859_2137500_4]** 
- Strategic initiatives include partnerships with companies like **Disney** and **IDW** to accelerate U.S. consumer discovery, and the use of **AI** to enhance creator productivity and content discoverability while fighting piracy.  **[1997859_2137500_2]** **[1997859_2137500_3]** **[1997859_2137500_5]** **[1997859_2137500_6]**  The company is self-funding its growth investments and expects improved profitability as it expands in attractive markets like the U.S..  **[1997859_2137500_6]**

WEBTOON Entertainment Discusses Growth Strategy and Market Opportunity at Goldman Sachs Conference

- WEBTOON Entertainment achieved **$1.35 billion in net revenue** last year and operates at a **positive operating profit**.  **[1997859_2137549_0]** 
- The company reported **19% webcomic app MAU growth** in the U.S. and other English-speaking countries, alongside **9% constant currency revenue growth** in Korea.  **[1997859_2137549_1]** **[1997859_2137549_2]** 
- Strategic growth initiatives include expanding in the **U.S. market** (currently **sub 5% penetration**), leveraging partnerships such as **Disney** and **IDW**, and developing a new **advertising business**.  **[1997859_2137549_0]** **[1997859_2137549_2]** **[1997859_2137549_3]** **[1997859_2137549_4]** 
- WEBTOON self-funds its growth investments, prioritizing capital allocation towards **core technology** (including AI), **market expansion**, and **infrastructure**, while also actively considering **stock buybacks** and **M&A**.  **[1997859_2137549_6]** **[1997859_2137549_7]**

WEBTOON Entertainment Discusses Growth Strategy and Financial Performance

WEBTOON Entertainment (WBTN)