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Condensed Consolidated Statements of Stockholders' Equity and Group Equity (unaudited) - USD ($)
$ in Thousands
Total
IPO
Private Placement
Common Stock
Common Stock
IPO
Common Stock
Private Placement
Additional Paid-In Capital
Additional Paid-In Capital
IPO
Additional Paid-In Capital
Private Placement
Accumulated Other Comprehensive Loss
Accumulated Deficit
Total Stockholders' Equity Attributable to WEBTOON Entertainment Inc.
Total Stockholders' Equity Attributable to WEBTOON Entertainment Inc.
IPO
Total Stockholders' Equity Attributable to WEBTOON Entertainment Inc.
Private Placement
Non-controlling Interests in Consolidated Subsidiaries
Group Equity
Beginning Balance at Dec. 31, 2022 $ 1,468,502     $ 10     $ 1,038,284     $ (36,667) $ (212,033) $ 789,594     $ 85,395 $ 593,513
Beginning Balance (in shares) at Dec. 31, 2022       97,091,692                        
Net Income (Loss) (17,881)                   (10,875) (10,875)     (320) (6,686)
Foreign currency translation adjustments, net of tax (18,396)                 (18,396)   (18,396)        
Equity in income of equity method investees (831)                 (831)   (831)        
Equity-based compensation 2,062           125         125     1,937  
Ending Balance at Mar. 31, 2023 1,433,456     $ 10     1,038,409     (55,894) (222,908) 759,617     87,012 586,827
Ending Balance (in shares) at Mar. 31, 2023       97,091,692                        
Net Income (Loss) (19,667)                   (13,167) (13,167)     451 (6,951)
Foreign currency translation adjustments, net of tax (16,209)                 (16,209)   (16,209)        
Equity in income of equity method investees (25)                 (25)   (25)        
Equity-based compensation 559           142         142     417  
Changes in scope of consolidation (11,131)                           (11,131)  
Common control transaction       $ 1     628,316       (48,441) 579,876       $ (579,876)
Common control transaction (in shares)       12,413,458                        
Ending Balance at Jun. 30, 2023 1,386,983     $ 11     1,666,867     (72,128) (284,516) 1,310,234     76,749  
Ending Balance (in shares) at Jun. 30, 2023       109,505,150                        
Net Income (Loss) (11,364)                   (11,174) (11,174)     (190)  
Foreign currency translation adjustments, net of tax (17,174)                 (17,174)   (17,174)        
Equity in income of equity method investees (53)                 (53)   (53)        
Equity-based compensation 944           170         170     774  
Changes in scope of consolidation (3,257)                           (3,257)  
Ending Balance at Sep. 30, 2023 1,362,593     $ 11     1,667,037     (89,355) (295,690) 1,282,003     80,590  
Ending Balance (in shares) at Sep. 30, 2023       109,505,150                        
Beginning Balance at Dec. 31, 2023 $ 1,306,047     $ 11     1,667,246     (54,824) (363,292) 1,249,141     56,906  
Beginning Balance (in shares) at Dec. 31, 2023 109,505,150     109,505,150                        
Net Income (Loss) $ 6,136                   6,192 6,192     (56)  
Foreign currency translation adjustments, net of tax (28,689)                 (28,689)   (28,689)        
Equity in income of equity method investees (9)                 (9)   (9)        
Equity-based compensation 1,593           1,121         1,121     472  
Changes in scope of consolidation (3,861)                           (3,861)  
Ending Balance at Mar. 31, 2024 1,281,217     $ 11     1,668,367     (83,522) (357,100) 1,227,756     53,461  
Ending Balance (in shares) at Mar. 31, 2024       109,505,150                        
Net Income (Loss) (76,748)                   (76,885) (76,885)     137  
Foreign currency translation adjustments, net of tax (20,486)                 (20,486)   (20,486)        
Issuance of common stock   $ 281,737 $ 50,000   $ 2 $ 0   $ 281,735 $ 50,000       $ 281,737 $ 50,000    
Issuance of common stock (in shares)         15,000,000 2,380,952                    
Equity-based compensation 53,449 [1]           53,224         53,224     225  
Ending Balance at Jun. 30, 2024 1,569,169     $ 13     2,053,326     (104,008) (433,985) 1,515,346     53,823  
Ending Balance (in shares) at Jun. 30, 2024       126,886,102                        
Net Income (Loss) 19,842                   19,753 19,753     89  
Foreign currency translation adjustments, net of tax 39,570                 39,570   39,570        
Issuance of common stock 27,533     $ 0     27,533         27,533        
Issuance of common stock (in shares)       1,427,042                        
Equity in income of equity method investees (140)                 (140)   (140)        
Equity-based compensation 12,886           12,652         12,652     234  
Ending Balance at Sep. 30, 2024 $ 1,668,860     $ 13     $ 2,093,511     $ (64,578) $ (414,232) $ 1,614,714     $ 54,146  
Ending Balance (in shares) at Sep. 30, 2024 128,313,144     128,313,144                        
[1] During the nine months ended September 30, 2024, the Company recorded a dividend of $17.3 million as a reduction in additional paid-in capital for stock options granted to NAVER's employees who did not provide services to the Company (See Note 1. Description of Business and Summary of Significant Accounting Policies for the definitions of the Company and NAVER).