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LOS ANGELES - WEBTOON Entertainment (NASDAQ:WBTN), currently trading at $8.40 and showing signs of undervaluation according to InvestingPro analysis, announced the appointment of Saeju Jeong, Co-Founder and Executive Chairman of Noom, to its Board of Directors effective June 16, 2025.
Jeong brings nearly two decades of leadership experience in consumer technology businesses. At Noom, a digital health company, he helped grow the business to unicorn status with over $650 million in capital raised.
"He is a visionary entrepreneur and leader who innovates for positive change," said Junkoo Kim, Chief Executive Officer & Chairman of the Board of WEBTOON Entertainment.
Jeong currently serves as Executive Chairman of Noom and is on the board of the Foundation for the National Institutes of Health. He is also a Henry Crown Fellow at the Aspen Institute and co-chairs United Korean Founders, described as the largest Korean founder network in the U.S.
WEBTOON Entertainment operates mobile webcomic platforms with approximately 150 million monthly active users. The company, valued at $1.09 billion, maintains a healthy balance sheet with a current ratio of 2.63, indicating strong liquidity. The company’s ecosystem includes WEBTOON, Wattpad, Wattpad WEBTOON Studios, Studio N, Studio LICO, WEBTOON Unscrolled, LINE MANGA, and eBookJapan. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.
The company’s content has been adapted for streaming services including Netflix, Prime Video, and Crunchyroll, according to the press release statement. Despite a challenging year with the stock down over 63%, analysts remain optimistic about WEBTOON’s future profitability, as revealed by InvestingPro’s extensive financial metrics and analysis.
In other recent news, Webtoon Entertainment Inc. reported its Q1 2025 earnings, revealing a net loss of $22 million despite a 5.3% revenue growth on a constant currency basis. The company’s revenue remained flat year-over-year, with significant growth in Japan, which accounted for over 50% of its Q1 revenue. Adjusted EBITDA dropped significantly to $4.1 million from $22.2 million a year earlier. Citi initiated coverage on Webtoon Entertainment with a Buy rating and a price target of $11.00, highlighting the company’s undervaluation and potential for long-term growth driven by its scalable business model and international expansion. Goldman Sachs also maintained a Buy rating but lowered its price target to $11.00, noting the company’s strong performance in Japan and operational efficiencies. Meanwhile, Evercore ISI reduced its price target to $20.00 while maintaining an Outperform rating, acknowledging the company’s unique growth potential despite some volatility in its fundamentals. Additionally, Webtoon held its annual stockholder meeting, electing Nancy Dubuc as a Class I director and approving Samil PricewaterhouseCoopers as the independent accounting firm for the fiscal year ending December 31, 2025.
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