( MENAFN - GlobeNewsWire - Nasdaq) NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C.
, a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of WEBTOON Entertainment, Inc. (NASDAQ: WBTN), Elanco Animal health Incorporated (NYSE: ELAN), Domino's Pizza, Inc. (NSYE: DPZ), and iLearningEngines, Inc.
(NASDAQ: AILE). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
WEBTOON Entertainment, Inc. (NASDAQ: WBTN) Class Period: Pursuant to the registration statement and prospectus issued in connection with the Company's June 27, 2024 initial public offering Lead Plaintiff Deadline: November 5, 2024 On August 8, 2024, after the market closed, Webtoon announced its financial results for second quarter 2024, which had ended just days after the IPO closed. The Company reported revenue of $321 million, which represented total revenue growth of only 0.
1%. The Company further revealed advertising revenue declined 3.6% and IP Adaptations revenue declined 3.
7%. The Company revealed its revenue and revenue growth had been“offset by the Company's significant exposure to weaker foreign currencies.” Webtoon also reported a quarterly net loss of $76.
6 million, or 70 cents. On this news, Webtoon's stock fell $7.88 or 38.
2%, to close at $12.75 per share on August 9, 2024, on unusual.
