Highlights 

  • Q3 2025 revenue totaled USD 14.8M, up 16.7% year-over-year 
  • Operating income turned positive at USD 0.3M after prior-year loss 
  • CEO acquired roughly 2% of outstanding shares since April 2025 

Dolphin Entertainment (NASDAQ:DLPN), an entertainment marketing and content production company, reported its financial results for the third quarter ended September 30, 2025. The company recorded revenue of USD 14.8M, a 16.7% increase from USD 12.7M in the same quarter of 2024. 

Operating income for the period was USD 0.3M, compared to an operating loss of USD 8.2M a year earlier. Adjusted operating income came in at approximately USD 1.0M, or 6.9% of revenue, up from USD 0.5M, or 4.5% of revenue, in the same quarter last year. 

Totaloperating expensesstood at USD 14.5M, including USD 0.6M in depreciation and amortization and USD 0.1M in non-cash costs. In comparison, operating expenses were USD 20.8M in Q3 2024, which included USD 0.6M indepreciationandamortizationand USD 8.0M in non-recurring or non-cash items. 

The company reported a net loss of USD 0.4M for the quarter, a substantial improvement over the USD 8.7M net loss in Q3 2024. Basic and diluted net loss per share was USD 0.03, compared with USD 0.80 in the prior quarter. 

CEO Commentary 

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 USD 14.8M and operating income turning positive with USD 0.3M despite almost USD 0.6M 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 USD 3.4M in revenues in Q1 2024. In fact, Q3 2025 is the second-highest revenue quarter in Dolphin's history, only slightly behind the USD 15.2M achieved in Q1 2024.” 

Operational Updates and Industry Recognition 

During Q3 2025, Dolphin and its subsidiaries received multiple industry honors, including recognition among Crain’s Best Places to Work in NYC 2025, inclusion in The PR Net 100, and PRNEWS’ Agency Elite 120 list. 

CEO Bill O'Dowd was named to PRNEWS’ People of the Year 2025, while Dolphin’s PR division was previously recognized as the #1 PR Agency in the U.S. by the Observer. 

Additionally, Dolphin introduced “Dolphin Tastemakers,” a new unit focusing on culinary and lifestyle talent and signed new representation agreements with The Lumistella Company. 

Segment Performance 

  • 42West: Led the global launch of 30 Ninjas’ Asteroid, supported by Google’s Android XR and CAA, and represented clients earning 15 Emmy nominations and 5 wins. 
  • The Door: Expanded its hospitality client roster with high-profile additions. 
  • Shore Fire Media: Clients received 30 Grammy nominations; appointed PR agency of record for the Miles Davis Estate. 
  • Elle Communications: Debuted “The Shift,” a quarterly report and workshop series on communication trends. 
  • Special Projects & The Digital Dept.: Managed major entertainment and fashion events, including the Academy Museum Gala and New York Fashion Week collaborations. 

About Dolphin Entertainment 

Founded in 1996, Dolphin Entertainment (NASDAQ:DLPN) functions as both a venture studio and a marketing consortium. Its network includes 42West, The Door, Shore Fire Media, Elle Communications, and Special Projects, providing integrated marketing and communication services to clients across film, television, music, sports, fashion, and consumer industries.