LOS ANGELES (AP) — LOS ANGELES (AP) — Webtoon Entertainment Inc. (WBTN) on Tuesday reported a loss of $93 million in its fourth quarter.
On a per-share basis, the Los Angeles-based company said it had a loss of 72 cents. Losses, adjusted for asset impairment costs and stock option expense, came to 3 cents per share.
The online storytelling platform for comics and cartoons posted revenue of $352.8 million in the period.
For the year, the company reported a loss of $143.9 million, or $1.21 per share. Revenue was reported as $1.35 billion.
For the current quarter ending in March, Webtoon said it expects revenue in the range of $318 million to $328 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBTN at https://www.zacks.com/ap/WBTN
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.