Core Viewpoint - WEBTOON Entertainment Inc. is facing a class action securities lawsuit due to alleged securities fraud that has adversely affected its investors [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors who purchased WEBTOON common stock during its June 2024 initial public offering [2]. - The complaint alleges that the company made false statements and concealed critical information regarding its financial performance, including a deceleration in advertising revenue growth and IP adaptations revenue [3]. - The lawsuit also claims that the company faced exposure to weaker foreign currencies, which negatively impacted revenue growth, leading to misleading positive statements about its business prospects [3]. Group 2: Next Steps for Investors - Investors who suffered losses in WEBTOON Entertainment Inc. have until November 4, 2024, to request to be appointed as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [5]. - The firm is recognized as one of the top securities litigation firms in the United States, ranking in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [5].

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of WEBTOON Entertainment Inc. (NASDAQ: WBTN) pursuant and/or traceable to the Company’s initial public offering conducted in June 2024 (the “IPO”), of the important November 4, 2024 lead plaintiff deadline. SO WHAT: If you purchased WEBTOON common stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme ...

LOS ANGELES, Nov. 4, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against WEBTOON Entertainment Inc. ("Webtoon" or "the Company") (NASDAQ: WBTN) for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's Offering Documents in connection with its initial public offering ("IPO") conducted on or about June 27, 2024, are encouraged to contact t ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of WEBTOON Entertainment Inc. regarding a class action lawsuit related to misleading statements made by the company during its initial public offering in June 2024 [1][2]. Group 1: Allegations - The lawsuit alleges that WEBTOON Entertainment Inc. made materially false and misleading statements, failing to disclose a deceleration in advertising revenue growth [2]. - The company also allegedly did not disclose a deceleration in revenue from IP adaptations and exposure to weaker foreign currencies, which negatively impacted revenue growth [2]. - As a result of these issues, the positive statements made by the defendants about the company's business and prospects were deemed materially misleading [2]. Group 2: Class Action Details - The class period for the lawsuit is tied to the shares purchased during the registration statement and prospectus issued in connection with the June 2024 IPO [1]. - Shareholders are encouraged to register for the class action by the deadline of November 4, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit and illegal business practices [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflated stock prices [4].

Table of Contents Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, par value $0.0001 per share WBTN Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...

EXHIBIT 99.1 WEBTOON Entertainment Inc. Reports Strong Second Quarter 2024 Financial Results Revenue was Flat; Robust Year-over-Year Revenue Growth Rate on a Constant Currency Basis of 11.1% Outpaced Expectations Net Loss of $76.6 Million Driven by One-Time IPO Costs and Stock-Based Compensation Expense; Healthy Adjusted EBITDA of $22.4 Million Marked Second Straight Quarter of Profitability LINE MANGA Achieved #1 Consumer App Status Across iOS and Google Play in Japan in June According to SensorTower, Driv ...