US Stocks Movement | Webtoon drops over 9% in pre-market despite significant Q1 improvement, outlook slightly below market expectations

格隆汇 May 12｜Webtoon (WBTN.US), the online comic platform, fell 9.39% pre-market to $12. In terms of news, with the boost from paid content and advertising, Webtoon Entertainment's profitability indicators in the first quarter of 2026 showed significant improvement, with net losses narrowing sharply and adjusted EBITDA soaring by 132%. Webtoon expects second quarter revenue to be between $332 million and $342 million. The midpoint of this guidance ($337 million) is lower than analysts’ expectations of $358.7 million, which is the main reason for the stock price drop after the earnings report.