YLAB Q1 2026: Operating Loss Widens, Debt Ratio Soars to 90.8%

Consolidated revenue 12.8B KRW (down 8.5% from 14.0B a year ago), operating loss 4.0B KRW (widened from 2.3B loss)
K-POP business segment generated 7.57B KRW in new revenue (due to consolidation of Details Co.), IP OSMU revenue surged to 1.64B KRW (from 0.3B)
Webtoon production revenue 2.51B KRW (slight decrease from 2.61B), video production revenue dropped sharply to 1.09B KRW (from 11.11B, impact of large project completion)
Debt ratio jumped to 90.8% (from 31.6% at year-end 2025), new short-term borrowings of 3.95B and bonds of 1.0B
Goodwill of 5.35B recognized from Details acquisition, intangible assets increased
Loss per share 150 won (worsened from 119 won loss a year ago)
No dividends or share buybacks/cancellations

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