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• Total Revenue: $12.2 million for Q1 2025, down from $15.2 million in Q1 2024.

• Core Entertainment Publicity and Marketing Revenue Growth: 2% year-over-year increase to $12.1 million, excluding last year's one-time film production revenue.

• Operating Expenses: $13.9 million for Q1 2025, compared to $15.1 million in Q1 2024.

• Operating Loss: $1.8 million for Q1 2025, compared to operating income of $200,000 in Q1 2024.

• Adjusted Operating Loss: Approximately $600,000 for Q1 2025, compared to adjusted operating income of $1 million in Q1 2024.

• Net Loss: $2.3 million for Q1 2025, compared to a net loss of $300,000 in Q1 2024.

• Net Loss Per Share: $0.21 per share for Q1 2025, compared to $0.04 per share in Q1 2024.

• Warning! GuruFocus has detected 5 Warning Signs with DLPN.

Release Date: May 13, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Dolphin Entertainment Inc (NASDAQ:DLPN) reported a 2% year-over-year growth in core entertainment publicity and marketing revenue, excluding the previous year's one-time film production revenue.

• The company has made strategic investments in women's sports through its Always Alpha division, positioning itself as a leader in the rapidly growing market.

• Dolphin Entertainment Inc (NASDAQ:DLPN) launched a dedicated affiliate marketing division, aiming to triple its influencer roster by the end of the year, tapping into the $17 billion affiliate marketing industry.

• The company received recognition as Agency of the Year by Observer's 2025 PR Power List, validating its strategy and talent depth.

• Dolphin Entertainment Inc (NASDAQ:DLPN) is expanding its ventures, with plans to increase the frequency of its film productions, following the success of the Blue Angels documentary.

Negative Points

• Total revenue for the quarter decreased to $12.2 million from $15.2 million in the same period last year, primarily due to the absence of the previous year's Blue Angels production revenue.

• The company reported an operating loss of $1.8 million for Q1 2025, compared to an operating income of $200,000 in the prior year period.

• Net loss for Q1 2025 was $2.3 million, a significant increase from the net loss of $300,000 in Q1 2024.

• The impact of the Los Angeles wildfires affected the company's 42West and special project subsidiaries, contributing to a lighter award season and impacting revenues.

• Despite strategic investments, the company faces a lag in revenue realization from new initiatives like Always Alpha and affiliate marketing, with expected returns primarily in 2026 and beyond.