As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at digital media & content platforms stocks, starting with WEBTOON (NASDAQ:WBTN).
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) jumped 3.1% in the pre-market session after analysts signaled growing optimism by raising their earnings estimates for the company's upcoming quarter and full year.
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
A number of stocks fell in the morning session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) jumped 5.6% in the morning session after the stock continued to rally following the previous week's blockbuster announcements of a partnership with Disney and a strong second-quarter earnings beat. The positive momentum is a continuation of last week’s major developments when the stock soared after the company announced a multi-year partnership with Disney. This deal will bring iconic comics from brands like Marvel, Star Wars, and 20th Century Studios to WEBTOON's vertical-scroll format. In addition to the landmark partnership, the company reported strong second-quarter results that surpassed analyst expectations, posting an adjusted profit of $0.07 per share on revenue of $348.3 million. Following the news, analysts reacted positively, with firms like Evercore ISI and Goldman Sachs raising their price targets on the stock.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) fell 9.8% in the morning session after the stock pulled back from a recent massive rally as technical indicators suggested it was overbought. The stock's sharp decline appears to be a technical pullback after a significant rally earlier in the week. The company's shares had surged over 80% following the announcement of a content partnership with Disney.
Stocks eked out fresh records as rate‑cut bets harden and a monster crypto IPO lit a fire under risk appetite. Under the hood: Bullish detonated, Webtoon went viral on Disney IP, while CoreWeave and Cava took their medicine.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) jumped 80.6% in the afternoon session after the company announced a strategic partnership with Disney and reported better-than-expected second-quarter results.
Curious to know what's happening on the US markets one hour before the close of the markets on Wednesday? Join us as we explore the top gainers and losers in today's session.
Stay up-to-date with the latest market trends in the middle of the day on Wednesday. Explore the top gainers and losers during today's session in our detailed report.
Digital storytelling platform WEBTOON (NASDAQ:WBTN) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 8.5% year on year to $348.3 million. Guidance for next quarter’s revenue was optimistic at $385 million at the midpoint, 2.3% above analysts’ estimates. Its GAAP loss of $0.03 per share was 84.1% above analysts’ consensus estimates.
