Webtoon: Q4 Earnings Snapshot

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LOS ANGELES (AP) — LOS ANGELES (AP) — Webtoon Entertainment Inc. (WBTN) on Tuesday reported a loss of $93 million in its fourth quarter.

On a per-share basis, the Los Angeles-based company said it had a loss of 72 cents. Losses, adjusted for asset impairment costs and stock option expense, came to 3 cents per share.

The online storytelling platform for comics and cartoons posted revenue of $352.8 million in the period.

For the year, the company reported a loss of $143.9 million, or $1.21 per share. Revenue was reported as $1.35 billion.

For the current quarter ending in March, Webtoon said it expects revenue in the range of $318 million to $328 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBTN at https://www.zacks.com/ap/WBTN