US EditionWebtoon Stock Soars 75% Midday on Disney Deal and Surprise Q2 Earnings Beat
Webtoon posted adjusted earnings of $0.07 per share on $348 million revenue, driven by a new Disney content partnership including Marvel and Star Wars franchises.
Summary by financialbuzz.com
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Webtoon Stock Soars 75% Midday on Disney Deal and Surprise Q2 Earnings Beat
Shares of Webtoon Entertainment (NASDAQ: WEBTOON) skyrocketed by as much as 75% midday Wednesday, following a wave of investor enthusiasm fueled by a strong second-quarter earnings report and a landmark content partnership with Disney. The dual catalyst sent the stock surging, positioning Webtoon as a rising force in the digital entertainment and comics space. The company surprised Wall Street with its Q2 financial results, reporting an adjusted…
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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