Dolphin Announces Record Q2 Revenue of $14.1 Million, up 23% YoY; Deepens Investment in Women's Sports and Affiliate Marketing

About this update from Dolphin Entertainment, Inc.

CEO believes Dolphin is undervalued, purchases approximately 1% of outstanding shares since April 2025 MIAMI, FL / ACCESS Newswire / August 13, 2025 / Dolphin (NASDAQ:DLPN), a leading entertainment marketing and content production company, today announced its financial results for the second quarter ended June 30, 2025. Bill O'Dowd, CEO of Dolphin, commented: "Dolphin's Q2 results highlight the strong performance of our subsidiaries and our disciplined focus on driving profitable growth. With a 23% year-over-year increase in revenue, we believe that we have exceeded expectations and delivered robust financial results. We achieved this even while strategically investing in future growth engines like Women's Sports and Affiliate Marketing, initiatives poised to deliver long-term benefits and profits as the initial investment phase tapers off next year. Furthermore, these results were fueled solely by the strength of our subsidiary portfolio, without benefitting from the contributions of ventures or productions, such as the impact of 2024's Blue Angels. As the investment phase of Always Alpha and Affiliate Marketing reduce next year, legacy real estate commitments expire in the next two years, and our bank loans are repaid in the next three years, we believe we see a clear path to continued adjusted operating income margin growth ahead. Beyond this core trajectory, we believe our films, such as Youngblood, and our venture portfolio, including Staple Gin, offer additional optionality, especially when comparing potential upside in success against our current market capitalization. My continued personal investment, including the purchase since just April of an additional 1% of all common stock outstanding, underscores my confidence in the exceptional value we are building for shareholders." Q2 2025 and Recent Highlights Total revenue for the quarter ended June 30, 2025, was $14.1 million, an increase of 23% from $11.4 million in the same period last year. Operating loss was $57,000 for the quarter ended June 30, 2025, compared to an operating loss of $1.1 million for the quarter ended June 30, 2024. Adjusted operating income was approximately $0.6 million for the quarter ended June 30, 2025, as compared to an adjusted operating loss of $0.1 million for the same period in 2024. Operating expenses for Q2 2025 were $14.1 million, including depreciation and amortization of $0.6 million and non-recurring or non-cash expenses of approximately $0.1 million. This compares to operating expenses of $12.6 million in Q2 2024, including depreciation and amortization of $0.6 million, and non-recurring or non-cash expenses of $0.4 million. Net loss for Q2 2025 was $1.4 million, including depreciation and amortization of $0.6 million and non-recurring or non-cash expenses of $0.9 million. This compares to a net loss of $1.6 million for Q2 2024, including depreciation and amortization of $0.6 million and non-recurring or non-cash expenses of $0.4 million. Net loss per share was $0.13 per share based on 11,168,572 weighted average shares for basic loss per share and 11,232,511 weighted average shares for diluted loss per share for the three months ended June 30, 2025. Net loss was $0.33 and $0.34 per share based on 11,166,596 and 11,230,535 respectively, weighted average shares outstanding for basic and fully diluted loss per share for the six months ended June 30, 2025. Dolphin 42West The Door Shore Fire Media Elle The Digital Dept. Special Projects Always Alpha Youngblood Conference Call Information The Company has scheduled a webcast and conference call to discuss its second quarter 2025 results on Wednesday, August 13, 2025 at 4:30 p.m. Eastern Time. To participate in this event, dial in approximately 5 to 10 minutes before the beginning of the call. Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 859698 Webcast: https://www.webcaster4.com/Webcast/Page/2225/52792 Replay Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 52792 Webcast Replay: https://www.webcaster4.com/Webcast/Page/2225/52792 ABOUT DOLPHIN Dolphin (NASDAQ:DLPN) was founded in 1996 by Bill O'Dowd and has evolved from its origins as an Emmy-nominated television, digital and feature film content producer to a company with three dynamic divisions: Dolphin Entertainment, Dolphin Marketing and Dolphin Ventures. Dolphin Entertainment : This legacy division, where it all began, has a rich history of producing acclaimed television shows, digital content and feature films. With high-profile partners like IMAX and notable projects including The Blue Angels , Dolphin Entertainment continues to set the standard in quality storytelling and innovative content creation. Dolphin Marketing : Established in 2017, the Marketing division, which was just named by Observer as the 2025 #1 Agency of the Year , is a powerhouse in public relations, influencer marketing, branding strategy, talent booking and special events. Comprising top-tier companies such as 42West, The Door, Shore Fire Media, Elle Communications, Special Projects, The Digital Dept., and Always Alpha, Dolphin Marketing serves a wide range of industries - from entertainment, music and sports to hospitality, fashion and consumer products. Dolphin Ventures : This division leverages Dolphin's best-in-class cross-marketing acumen and business development relationships to create, launch and/or accelerate innovative ideas and promising products, events and content in our areas of expertise. This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law. Contact Information James Carbonara Partner, Hayden IR [email protected] 646-755-7412   DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)   DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) Reconciliation of GAAP loss from operations to non-GAAP income from operations   SOURCE: Dolphin Entertainment View the original press release on ACCESS Newswire

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