Dolphin Entertainment Inc (NAS:DLPN)
$ 1.1 +0.029 (+2.68%) Market Cap: 14.32 Mil Enterprise Value: 35.35 Mil PE Ratio: 0 PB Ratio: 1.88 GF Score: 46/100

Q4 2025 Dolphin Entertainment Inc Earnings Call Transcript

Mar 25, 2026 / 08:30PM GMT
Release Date Price: $1.55 (+0.65%)

Key Points

Positve
  • Dolphin Entertainment Inc (DLPN) reported a 10% increase in full-year revenue, reaching $56.7 million.
  • Fourth quarter revenue grew by 27% year-over-year, indicating strong organic growth.
  • Adjusted EBITDA for the full year increased over 200% to $2.9 million, showcasing significant operating leverage.
  • The company has $127 million in federal and state net operating loss carryforwards, which will shield cash payments for taxes.
  • Dolphin Entertainment Inc (DLPN) has formed a strategic partnership with Dealmaker, expected to be a significant growth catalyst by unlocking community capital for celebrity and influencer-led brands.
Negative
  • Operating loss for the year was $39.5 million, a significant increase from the previous year's $10.5 million.
  • The company reported a net loss of $3.1 million for 2025, despite improvements in revenue and EBITDA.
  • Operating expenses remained high at $56.7 million, impacting overall profitability.
  • The theatrical performance of the feature film 'Youngblood' underperformed, with future success dependent on streaming and digital distribution.
  • Dolphin Entertainment Inc (DLPN) faces seasonality in its business, with the first quarter typically being the lightest in terms of revenue.
Operator

Greetings. Welcome to Dolphin Entertainment's fourth quarter 2025 earnings call. (Operator Instructions). Please note this conference is being recorded. I will now turn the conference over to your host, James Carbonara, from Hayden IR. James, you may begin.

James Carbonara
Hayden IR - Investor Relations

Thank you, operator. Good afternoon. Before we begin, I'd like to remind everyone that during the course of this conference call, management may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could differ materially from actual results.

Please refer to the forward-looking statements contained in the earnings release published today as well as the most recent SEC filings and reports. During the call today, management will also discuss non-GAAP financial measures, including adjusted EBITDA or loss. The company believes that these will provide helpful information for investors.

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