K-Webtoon Toomics Reports Operating Profit of 5.1 Billion Won in First Half... Strong Overseas Business Performance

Japan Subscribers Explode... English-Speaking Regions Surpass 100 Million Pageviews in Q1

K webtoon company Toomics recorded sales of 29 billion KRW, operating profit of 5.1 billion KRW, and net profit of 6.7 billion KRW in the first half of this year.

Suseong Webtoon announced on the 12th that the preliminary settlement results of its subsidiary Toomics for the first half of the year show continued strong performance following last year. Suseong Webtoon secured a 41% stake in Toomics last year, making it a subsidiary.

A Suseong Webtoon official said, "Toomics and Toomics Global can be considered the same company operating as a two-headed entity," adding, "The performance of both companies is reflected in Suseong Webtoon's profit and loss through the equity method."

Toomics is responsible for domestic business, while Toomics Global handles overseas business. Toomics sources and develops works and sends them to Toomics Global, which distributes them through its platform.

Toomics recorded sales of 13.8 billion KRW and operating profit of 2.2 billion KRW in the first quarter of this year. In the second quarter, sales reached 15.2 billion KRW due to strong overseas business. Operating profit and net profit were 3 billion KRW and 3.6 billion KRW, respectively.

A Suseong Webtoon official explained, "Toomics' K webtoon continues to grow," noting, "The number of subscribers in Japan increased from 284,000 in the first quarter of 2021 to 1.73 million as of the second quarter of this year." He added, "Toomics webtoons are more popular overseas than domestically," and "The top 10 popular Toomics webtoons in the English-speaking market surpassed 100 million page views in the first quarter of this year."

They have completed a content supply contract for the K webtoon 'Matbon Gime Kkulkkok!' with the North American webtoon platform Manta. They also supply 'Majok-ui Gyeyak' to the Thai webtoon platform WeComics.

This content was produced with the assistance of AI translation services.