Dolphin Entertainment, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 18, 2021 at 06:16 am EDT
Share
Dolphin Entertainment, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 7.177 million compared to USD 6.633 million a year ago. Operating loss was USD 1.194 million compared to USD 870,859 a year ago. Net loss was USD 5.271 million compared to net income of USD 2.073 million a year ago. Basic loss per share from continuing operations was USD 0.73 compared to basic earnings per share from continuing operations of USD 0.4 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
Dolphin Entertainment, Inc. is an independent entertainment marketing and production company. Through its subsidiaries, 42West LLC (42West), The Door Marketing Group LLC (The Door), and Shore Fire Media, Ltd (Shore Fire Media), the Company offers marketing and publicity services to various brands in the film, television, music, gaming, and hospitality industries. The Company operates through two segments: entertainment publicity and marketing and content production. The entertainment publicity and marketing segment provides clients with diversified services, including public relations, entertainment content marketing, strategic communications, social media and influencer marketing, celebrity booking, creative branding, and the production of promotional video content. The content production segment consists of Dolphin Films, Inc. (Dolphin Films) and a department within Dolphin, which develops, produces, and distributes feature films, television and digital content.