Webtoon Stock (WBTN) Soars an Astronomical 85% on News of Disney Deal
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The deal, which was announced alongside strong financial results, brings Disney characters such as Luke Skywalker and Spider-Man to Webtoon's online comic book platform. That news has led WBTN stock to explode higher in early trading.
Going forward, Webtoon will make comic books featuring popular Disney characters such as The Amazing Spider-Man, The Avengers, and Star Wars available to its users. Disney owns Marvel Comics and the Star Wars franchise. The deal brings Marvel comic books to Webtoon, which already features DC Comics characters such as Superman and Batman.
Surprise Profit
Webtoon claims to have 155 million monthly active users on its digital comic book platform. News of the Disney deal came as Webtoon also announced a surprise profit for this year's second quarter, along with better-than-expected sales. The company reported a quarterly profit of $0.07 a share, while revenue rose 8.5% year-over-year to $348.3 million.
Analysts were expecting a loss of $0.14 a share on revenue of $340.6 million from Webtoon. The comic book company went public via an initial public offering (IPO) in June 2024. Shares have struggled since then, falling 55% in 2025 before the big rebound on Aug. 13.
Is WBTN Stock a Buy?
The stock of Webtoon has a consensus Moderate Buy rating among eight Wall Street analysts. That rating is based on four Buy and four Hold recommendations issued in the last three months. The average WBTN price target of $11.57 implies 34.04% downside risk from current levels.
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