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Webtoon Entertainment Inc.(WBTN) - 2024 Q2 - Quarterly Results

EXHIBIT 99.1 WEBTOON Entertainment Inc. Reports Strong Second Quarter 2024 Financial Results Revenue was Flat; Robust Year-over-Year Revenue Growth Rate on a Constant Currency Basis of 11.1% Outpaced Expectations Net Loss of $76.6 Million Driven by One-Time IPO Costs and Stock-Based Compensation Expense; Healthy Adjusted EBITDA of $22.4 Million Marked Second Straight Quarter of Profitability LINE MANGA Achieved #1 Consumer App Status Across iOS and Google Play in Japan in June According to SensorTower, Driv ...