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Webtoon Entertainment Inc Stock News
$9.27
7.49%
Nasdaq, Oct 14, 04:00 pm EDT.
Closed.
Why the stock moved Beta
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The headline on Webtoon Entertainment's (NADSAQ: WBTN) Q2 shareholder letter highlights βsolidβ quarterly results, with 5.2% currency-adjusted revenue growth and adjusted EBIDITA of $5.5 million, exceeding the high end of previous guidance. The company also gives an optimistic account of many successful new initiatives including partnerships with Marvel and some new AI-driven innovations.
LOS ANGELES--(BUSINESS WIRE)--WEBTOON Entertainment Inc. (Nasdaq: WBTN) today announced it has entered into a definitive agreement to make a strategic investment in RI Games Holdings Inc. The investment gives WEBTOON a dedicated pipeline to develop games from hit webcomics with established, built-in global fandoms. Upon closing, WEBTOON Entertainment will hold a 60% majority stake in RI Games H...
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