Business
Dolphin Announces Record Q3 Revenue of $14.8 Million, up 16.7% YoY
Operating Income Turns Positive $300,000 Even With Almost $600,000 of Non-Cash Amortization ExpensesCEO believes Dolphin is undervalued, purchases
About this update from Dolphin Entertainment, Inc.
[{"type":"text","content":"Operating Income Turns Positive $300,000 Even With Almost $600,000 of Non-Cash Amortization ExpensesCEO believes Dolphin is undervalued, purchases approximately 2% of outstanding shares since April 2025 MIAMI, FL / ACCESS Newswire / November 12, 2025 / Dolphin (NASDAQ:DLPN), a leading entertainment marketing and content production company, today announced its financial results for the third quarter ended September 30, 2025.Bill O'Dowd, CEO of Dolphin Entertainment, stated:\"Dolphin delivered another record-setting quarter in Q3, with revenue rising 16.7% year over year to $14.8 million and operating income turning positive with $300,000 despite almost $600,000 of non-cash amortization expenses related to our historical acquisitions. Furthermore, the first nine months of 2025 have now surpassed the first nine months of 2024 in revenue despite \"The Blue Angels\" generating over $3.4 million in revenues in Q1 2024. In fact, Q3 2025 is the second-highest revenue quarter in Dolphin's history, only slightly behind \"The Blue Angels\" fueled $15.2 million in Q1 2024.Equally important, the quarter's results were entirely organic, as our last acquisition was Elle Communications on July 1, 2024. Thus, the same agencies delivered this outstanding year‑over‑year revenue and operating income growth. This healthy organic growth is the primary driver behind our continued margin expansion, with adjusted operating income exceeding $1.0 million, or 6.9% of revenue, up from 4.5% in Q2. This performance reflects both the consistency and strength of our core subsidiaries and the growing scalability of our cross-selling operating model.Beyond the financials, we are honored by the recognition our teams received in being named among Crain's Best Places to Work in NYC, inclusion on The PR Net 100, and our selection to PRNEWS' Agency Elite 120 list. All of this on top of our PR group's recognition earlier in the year as the #1 PR Agency in the country by the Observer. These recognitions validate the strength of our culture, creativity, and leadership in entertainment marketing.And finally, as a long‑term believer in Dolphin's potential, I've personally purchased approximately 2% of our outstanding shares since April 2025. I continue to believe our share price undervalues the company's proven performance, strategic positioning, and significant growth opp...