Dolphin Entertainment, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 05:01 pm EST
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Dolphin Entertainment, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 10.18 million compared to USD 9.9 million a year ago. Net loss was USD 3.86 million compared to USD 1.31 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to USD 0.14 a year ago.
For the nine months, sales was USD 31.1 million compared to USD 29.37 million a year ago. Net loss was USD 14.79 million compared to USD 2.85 million a year ago. Basic loss per share from continuing operations was USD 1.11 compared to USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 1.11 compared to USD 0.37 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.