05:55 AM EDT, 08/13/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph)
Webtoon Entertainment ( WBTN ) shares rose more than 41% in recent premarket activity Wednesday, after the company reported Q2 revenue that topped analysts' estimates, helped by its partnership with Disney ( DIS ) .
The company also issued a Q3 revenue forecast above estimates.
Meanwhile, Q2 adjusted earnings were $0.07 per diluted share, down 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.
The announced partnership with Walt Disney ( DIS ) intends to introduce comics from Marvel, Star Wars, Disney Studios, and 20th Century Studios to Webtoon Entertainment's ( WBTN ) mobile vertical-scroll format, Webtoon said.