Dolphin Entertainment (DLPN) Company Report

Dolphin Entertainment (DLPN) reported record-setting Q3 2025 revenue of $14.8 million, a 16.7% increase year-over-year, making it the second highest revenue quarter in the company's history. This growth was entirely organic, driven by cross-selling among its agencies.
The company achieved positive operating income of $308,296 for Q3 2025, a significant improvement from an $8.2 million operating loss in Q3 2024. Adjusted operating income was approximately $1 million, up from $492,620 in the prior year period.
Net loss for Q3 2025 was $365,494, and diluted loss per share was $0.03, compared to a net loss of $8.7 million and diluted loss per share of $0.80 in Q3 2024.
The CEO noted the simplification of financial statements due to the expiration of warrants and contingent consideration, reducing below-the-line expenses primarily to interest expense. He also disclosed purchasing over 2% of outstanding shares since April and entering a new 10b5-1 plan to buy $5,000 worth of stock weekly through December 2026.
Management expects strong momentum to continue into Q4 2025, particularly from 42West, and anticipates announcing a distributor for their feature film, Youngblood, soon.