Suseong Webtoon Turns to Profit with 6 Billion KRW Operating Income in First Half

Suseong Webtoon announced on the 13th that it achieved consolidated sales of 62.8 billion KRW and operating profit of 6 billion KRW in the first half of this year.

Compared to the same period last year, sales increased by 131%, and the company turned to an operating profit. In the first half of last year, it recorded sales of 27.2 billion KRW and an operating loss of 400 million KRW.

Its major subsidiary, the global webtoon platform 'Toomics', posted sales of 26.1 billion KRW and operating profit of 5.2 billion KRW during the same period, up 12.5% and 13.0% year-on-year, respectively. Toomics currently offers services in 11 languages, with overseas sales accounting for more than 80% of its total. The platform has approximately 60 million global members, of which about 25 million are English-speaking users. Building on this foundation, the company is strengthening its efforts to penetrate the North American market.

Terrapin, a webtoon production company acquired earlier this year, also contributed to the improved performance, recording an operating profit of 400 million KRW in the first half. Terrapin owns more than 200 webtoon titles across various genres. Through collaboration with Toomics, it has secured a stable supply of original IP. The company is reinforcing vertical integration in production and distribution by adapting its original web novel IPs into webtoons for exclusive serialization.

In its earnings guidance announcement this January, Suseong Webtoon set annual targets for 2025 of 145.4 billion KRW in sales and 17.8 billion KRW in operating profit. By the first half, the company had achieved 43% of its sales target. Operating profit has increased for three consecutive quarters, rising from 300 million KRW in Q4 last year to 2.8 billion KRW in Q1 this year and 3.2 billion KRW in Q2.

A company representative stated, "The growth in overseas sales for Toomics and the expansion of original IP by Terrapin have driven our improved performance," adding, "In the second half of the year, we will further strengthen our subsidiaries' competitiveness and invest in new businesses to establish a foundation for mid- to long-term growth."