12:24 PM EDT, 08/13/2025 (MT Newswires) -- (Updates the stock movement in the first paragraph)

Webtoon Entertainment ( WBTN ) shares surged 81% in Wednesday trading, a day after the company announced plans to offer more than 100 comics on its mobile vertical-scroll format in a multiyear collaboration with Walt Disney ( DIS ) .

In addition to reformatted classics, original webcomic series based on characters from Disney ( DIS ), Marvel, 20th Century Studios and Star Wars are in development for Webtoon's global platform.

Webtoon on Tuesday also reported Q2 adjusted earnings fell to $0.07 per diluted share from $0.18 a year earlier.

Two analysts polled by FactSet expected a loss of $0.14.

Revenue in the three months ended June 30 rose to $348.3 million from $321 million a year earlier.

Analysts surveyed by FactSet expected 340.6 million.

The company expects Q3 revenue of $380 million to $390 million. Analysts expect $373.3 million.

Disney ( DIS ) shares rose 2% in Wednesday trading.

Price: 16.91, Change: +7.55, Percent Change: +80.61