Why Webtoon Entertainment Stock Crashed Today
Shares of Webtoon Entertainment (NASDAQ: WBTN) plunged 25% on Thursday after the digital storytelling platform's third-quarter results and forward guidance fell short of investors' expectations.
Image source: Getty Images.
Webtoon's revenue rose by 8.7% year over year to $378 million, fueled by new storytelling formats and successful adaptations of popular intellectual property.
Source Fool.com
