Shares of WEBTOON Entertainment Inc. (NASDAQ: WBTN) are skyrocketing in pre-market trading on Wednesday, surging 59.08% following the release of better-than-expected second-quarter 2025 financial results and the announcement of a strategic partnership with Disney.

The digital comics platform operator reported second-quarter revenue of $348.3 million, up 8.5% year-over-year and above the top end of its guidance range. The company posted adjusted earnings per share of $0.07, significantly beating analyst consensus estimates. WEBTOON separately announced a multiyear partnership with Disney to bring approximately 100 titles featuring characters from Marvel, Star Wars, Disney Studios, and 20th Century Studios to its vertical-scroll format platform.

The strong results and strategic move have prompted several analyst upgrades. J.P. Morgan raised its price target to $14 from $9, while Goldman Sachs maintained a Buy rating with a $15 price target. The company's outlook for the third quarter also exceeded analyst expectations, projecting revenue between $380-$390 million. With these positive developments, investors are showing renewed confidence in WEBTOON Entertainment's growth prospects, driving the stock to new heights in early trading.