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Why Webtoon Entertainment Stock Crashed Today

TheMotleyFool

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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

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