WEBTOON Entertainment Inc 2024年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549___________________________________ FORM 10-K (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934 For the transition period from January 1, 2023 to December 31, 2024 Commission file number 333-279863 WEBTOON ENTERTAINMENT INC. (Exact name of registrant as specified in its charter) Delaware81-3830533(State or other jurisdiction of incorporationor organization)(I.R.S. Employer Identification No.)5700 Wilshire Blvd., Suite 220Los Angeles, CA 9003690036(Address of Principal Executive Offices)(Zip Code) (323) 424-3795Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yeso Nox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yeso Nox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yesx Noo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yesx Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,”and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant’s executive officers during the relevant recovery periodpursuant to §240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yeso No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of June30, 2024, was approximately $306.6 million based upon the last reported sales price on the Nasdaq Global Select Marketon that date of $22.83. For the purposes of this disclosure only, the registrant has assumed that its directors, executiveofficers, and the beneficial owners of 10% or more of the registrant's outstanding common stock are the affiliates of theregistrant. As of February 28, 2025, the registrant had 128,864,156 shares of common stock, par value $0.0001 per share,outstanding. DOCUMENTS INCORPORATED BY REFERENCE Information required in response to Part III of Form 10-K (Items 10, 11, 12, 13 and 14) is hereby incorporated by referenceto portions of the registrant’s definitive proxy statement for the 2025 Annual Meeting of Stockholders (the “2025 ProxyStatement”), to be filed with the Securities and Exchange Commission (“SEC”) no later than 120 days after the end of theregistrant’s fiscal year ended December 31, 2024. TABLE OF CONTENTS GLOSSARY As used in this Annual Report on Form 10-K (this “Annual Report”), unless stated otherwise or the context otherwiserequires:•“amateur creator(s)” means creators who do not currently monetize their content as Paid Content on our platform as they are subject to our standardterms and conditions without Paid Content revenue sharing provisions.Amateur creators may monetize through other methods, includingadvertising if they meet certain viewership and subscriber t