Dolphin Entertainment Reports Second Quarter 2026 Results
Rhea-AI Summary
Dolphin Entertainment (NASDAQ:DLPN) reported Q2 2026 revenue of $14.4 million, up 2.5% year over year, with H1 2026 revenue rising 3.8% to $27.2 million. Q2 operating loss widened to $1.0 million from $0.1 million, and net loss increased to $1.6 million from $1.4 million, impacted by about $0.4 million of non-recurring retention bonuses and roughly $0.4 million of litigation-related legal costs.
Q2 2026 Adjusted EBITDA was $242,923, down from $627,905 a year earlier, with non-GAAP basic EPS of $0.02. Cash and cash equivalents were $7.7 million at June 30, 2026 versus $8.8 million at year-end 2025, while stockholders’ equity declined to $6.2 million. Dolphin highlighted ongoing work on its DealMaker partnership, the launch of Graviteur Studios with KYNETIC Media Ventures, and approximately $127 million in NOL carryforwards.
Positive
- Q2 2026 revenue up 2.5% YoY to $14.4 million
- H1 2026 revenue up 3.8% YoY to $27.2 million
- Q2 2026 Adjusted EBITDA positive at $242,923
- NOL carryforwards of approximately $127 million disclosed
- Cash and cash equivalents of $7.7 million at June 30, 2026
- CEO plans to own over 5% of DLPN common stock via 10(b)(5) plan
Negative
- Q2 operating loss widened to $1.0 million from $0.1 million
- Q2 net loss increased to $1.6 million from $1.4 million
- Q2 Adjusted EBITDA fell to $242,923 from $627,905
- Cash balance declined to $7.7 million from $8.8 million at year-end 2025
- Stockholders’ equity decreased to $6.2 million from $9.7 million
- Q2 2026 interest expense remained high at $566,828
News Explained
The release adds prospective ownership and cost changes; neither has yet been reported as completed or realized.
The August 12 results release says CEO Bill O’Dowd’s existing 10(b)(5) buying plan is expected to take his ownership above
It also says bank debt matures in just over two years and leases expire in the
Those savings are prospective: the release ties them to future debt maturity and lease expirations rather than reporting a current reduction in cash payments.
The named items to monitor are the stated one-to-two-week ownership window, the bank-debt maturity, and the
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 12 | Q1 earnings report | Neutral | +0.0% | Revenue growth and improved adjusted EBITDA loss accompanied continued operating and net losses. |
| Nov 12 | Q3 earnings report | Positive | +0.0% | Record revenue and improved profitability produced a 0% 24-hour price reaction. |
| Nov 07 | Earnings call notice | Neutral | -7.4% | Conference call scheduling preceded a -7.37% 24-hour price reaction. |
| May 13 | Q1 earnings report | Negative | +2.0% | Revenue declined overall despite core segment growth, while losses remained substantial. |
| Mar 27 | FY2024 earnings report | Positive | -0.9% | Revenue growth and positive adjusted operating income accompanied a -0.94% reaction. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history recorded an average move of -1.27%, while individual reactions varied.
Key Terms
adjusted EBITDA financial
NOL carryforwards financial
non-GAAP financial measures financial
convertible notes payable financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Q2'26 Revenue Rises
MIAMI, FL / ACCESS Newswire / August 12, 2026 / Dolphin (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, today announced its financial results for the second quarter ended June 30, 2026.
Bill O'Dowd, CEO of Dolphin, commented:
"Total revenue for the second quarter grew
Turning to the bottom line, net loss increased slightly to
I'd like to also reiterate that following several years of acquisitions and growth-related investment, Dolphin is well positioned to realize the benefits of that work. We continue to operate in highly attractive sectors, and with rising underlying profitability, modest capex requirements, and approximately
A few other recent highlights: we continue to make progress with our DealMaker partnership and remain on track to bring our first deal to market this year, and we launched Graviteur Studios, a new creator-led content venture with KYNETIC Media Ventures. We would also remind investors that our bank debt matures in just over two years, which will free up nearly
Q2 2026 and Recent Highlights
Total revenue for the three months ended June 30, 2026, was
$14.4 million , an increase of2.5% from$14.1 million last year. Total revenue for the six months ended June 30, 2026, was$27.2 million , an increase of3.8% from$26.3 million last year.Operating loss was
$1.0 million for the three months ended June 30, 2026, compared to an operating loss of$0.1 million for the three months ended June 30, 2025.Operating expenses for Q2 2026 were
$15.5 million , including non-cash expenses of$0.5 million related to depreciation and amortization, approximately$0.4 million of non-recurring retention bonuses at certain subsidiaries, and legal and professional fees higher than usual due to litigation costs of approximately$0.4 million . This compares to operating expenses of$14.1 million in Q2 2025.Net loss for Q2 2026 was
$1.6 million as compared to a net loss of$1.4 million for Q2 2025.Basic and diluted loss per share for Q2 2026 was
$(0.13) b ased on 12,848,706 weighted average shares outstanding, compared to basic and diluted loss per share in Q2 2025 of$(0.13) b ased on 11,168,572 and 11,232,511 weighted average shares outstanding, respectively.Adjusted EBITDA for Q2 2026 was approximately
$243,000 , compared to approximately$628,000 in Q2 2025. Adjusted EBITDA basic and diluted earnings per share for Q2 2026 was$0.02 b ased on 12,848,706 weighted average shares outstanding, compared to$0.06 b asic earnings per share for Q2 2025 based on 11,168,572 weighted average shares outstanding and$0.04 fully diluted earnings per share for Q2 2025 based on 17,426,405 weighted average shares outstanding.Cash and cash equivalents were
$7.7 million as of June 30, 2026, compared to$8.8 million as of December 31, 2025.
Dolphin
Launched Graviteur Studios, a creator-led, content venture, in partnership with KYNETIC Media Ventures
Continued to advance the DealMaker partnership, targeting the Company's first deal to market later this year
Subsidiaries and clients had a successful showing at the Cannes Lions Festival of Creativity and the Cannes Film Festival
Subsidiaries powered high-profile campaigns at San Diego Comic-Con 2026
42West
Delivered a standout film and TV slate at the 25th Tribeca Film Festival
Landed multiple nominations for clients at the 78th Emmy Awards
Drove high-profile campaigns at Anime Expo 2026 for Nebula17, TOHO International and GKIDS
Shore Fire Media
Client Handcraft Entertainment partnered with Takasago to develop fragrances, flavors and consumer products defining the world of "global" J-Pop
The Door
Named Agency of Record for Palm Tree Crew amid the lifestyle brand's expansion into hospitality, real estate and golf
The Door's DISRPT division represented U.S. SailGP around major U.S. race events
Elle Communications
Clients took the stage at the NEXUS Global Summit 2026
The Digital Dept.
Partnered with Vidcon to power a featured creator gifting lounge at Vidcon Anaheim 2026
Conference Call Information
To participate in this event, dial in approximately 5 to 10 minutes before the beginning of the call.
Date: August 12, 2026
Time: 4:30pm ET
Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 402529
Webcast: https://www.webcaster5.com/Webcast/Page/2225/54390
Replay
Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 403685
Webcast Replay: https://www.webcaster5.com/Webcast/Page/2225/54390
This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, Dolphin Entertainment Inc.'s (DLPN) offering of common stock as well as expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by the use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, Dolphin Entertainment's actual results may differ materially from the results discussed in its forward-looking statements. Dolphin Entertainment's forward-looking statements contained herein speak only as of the date of this press release. Factors or events Dolphin Entertainment cannot predict, including those described in the risk factors contained in its filings with the Securities and Exchange Commission, may cause its actual results to differ from those expressed in forward-looking statements. Although Dolphin Entertainment believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved, and Dolphin Entertainment undertakes no obligation to update publicly any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
CONTACT:
James Carbonara
HAYDEN IR
(646)-755-7412
james@haydenir.com
ABOUT DOLPHIN:
Dolphin (NASDAQ:DLPN) is where cultural creation meets marketing execution. Founded in 1996 by Bill O'Dowd, Dolphin operates as both a venture studio - developing and investing in breakthrough content, products and experiences - and a marketing consortium, featuring leading agencies across every communications discipline.
At its core, the venture studio creates, produces, finances, markets and promotes new businesses and cultural ideas - ranging from acclaimed film, television and digital content to consumer goods, live events and partnerships that define entertainment and lifestyle. Surrounding this entrepreneurial engine, Dolphin's marketing prowess brings together best-in-class firms including 42West, The Door, Shore Fire Media, Elle Communications, Special Projects and The Digital Dept. Together, this collective delivers unmatched cross-marketing expertise and relationships across every vertical of pop culture - from film, television, music, influencers, sports, hospitality and fashion to consumer brands and purpose-driven initiatives. Dolphin marketing has been the recipient of many accolades, including No. 1 Agency of the Year on the Observer PR Power List in 2025, The PR Net 100 and the PRNEWS Agency Elite Top 120.
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DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of June 30, 2026 | As of December 31, 2025 | |||||||
ASSETS | ||||||||
Current | ||||||||
Cash and cash equivalents | $ | 7,665,608 | $ | 8,756,585 | ||||
Restricted cash | 925,004 | 925,004 | ||||||
Accounts receivable, trade, net | 7,025,142 | 7,848,970 | ||||||
Other receivables | 5,825,228 | 5,243,931 | ||||||
Other current assets | 929,970 | 1,179,498 | ||||||
Total current assets | 22,370,952 | 23,953,988 | ||||||
Capitalized production costs, net | 516,574 | 520,338 | ||||||
Employee receivable | 1,228,085 | 1,196,085 | ||||||
Right-of-use assets | 2,207,557 | 3,012,941 | ||||||
Goodwill | 21,507,944 | 21,507,944 | ||||||
Intangible assets, net | 6,852,855 | 7,898,607 | ||||||
Property, equipment and leasehold improvements, net | 27,320 | 50,961 | ||||||
Other long-term assets | 189,151 | 189,296 | ||||||
Total Assets | $ | 54,900,438 | $ | 58,330,160 | ||||
LIABILITIES | ||||||||
Current | ||||||||
Accounts payable | 2,515,443 | 3,096,715 | ||||||
Term loans, current portion | 1,890,056 | 1,813,760 | ||||||
Revolving line of credit | 400,000 | 400,000 | ||||||
Notes payable, current portion | 3,900,000 | 3,500,000 | ||||||
Convertible notes payable, current portion | 1,200,000 | 1,250,000 | ||||||
Accrued interest - related party | 2,284,479 | 2,043,087 | ||||||
Accrued compensation - related party | 2,625,000 | 2,625,000 | ||||||
Lease liabilities, current portion | 1,449,843 | 1,912,482 | ||||||
Deferred revenue | 1,019,146 | 794,177 | ||||||
Other current liabilities | 11,897,478 | 11,096,820 | ||||||
Total current liabilities | 29,181,445 | 28,532,041 | ||||||
Noncurrent | ||||||||
Term loans, noncurrent portion | 3,245,988 | 2,976,930 | ||||||
Notes payable, noncurrent portion | 4,180,000 | 4,580,000 | ||||||
Convertible notes payable | 6,550,000 | 6,460,000 | ||||||
Convertible notes payable - related party | 2,774,965 | 2,904,357 | ||||||
Convertible notes payable at fair value | 250,000 | 270,000 | ||||||
Loans from related party | 983,112 | 983,112 | ||||||
Lease liabilities | 1,016,199 | 1,469,386 | ||||||
Deferred tax liability | 499,213 | 463,909 | ||||||
Total Liabilities | $ | 48,680,922 | $ | 48,639,735 | ||||
STOCKHOLDERS' EQUITY | ||||||||
Preferred Stock, Series C | 1,000 | 1,000 | ||||||
Common stock, | 195,384 | 183,321 | ||||||
Additional paid-in capital | 159,623,905 | 158,809,301 | ||||||
Accumulated deficit | $ | (153,600,773 | ) | $ | (149,303,197 | ) | ||
Total Stockholders' Equity | 6,219,516 | 9,690,425 | ||||||
Total Liabilities and Stockholders' Equity | $ | 54,900,438 | $ | 58,330,160 | ||||
DOLPHIN ENTERTAINMENT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2026 | 2025 | 2026 | 2025 | |||||||||||||
Revenues | $ | 14,443,150 | $ | 14,087,529 | $ | 27,247,088 | $ | 26,257,240 | ||||||||
Expenses: | ||||||||||||||||
Direct costs | 1,028,326 | 742,171 | 1,812,977 | 1,086,585 | ||||||||||||
Payroll and benefits | 11,362,761 | 10,302,292 | 22,077,905 | 20,606,985 | ||||||||||||
Selling, general and administrative | 1,798,351 | 1,922,336 | 3,845,510 | 3,694,319 | ||||||||||||
Depreciation and amortization | 533,966 | 591,552 | 1,071,242 | 1,183,104 | ||||||||||||
Acquisition cost | - | - | - | 416,171 | ||||||||||||
Legal and professional | 750,808 | 586,232 | 1,606,946 | 1,100,656 | ||||||||||||
Total expenses | 15,474,212 | 14,144,583 | 30,414,580 | 28,087,820 | ||||||||||||
Loss from operations | (1,031,062 | ) | (57,054 | ) | (3,167,492 | ) | (1,830,580 | ) | ||||||||
Other (expenses) income: | ||||||||||||||||
Change in fair value of convertible note | 10,000 | 50,000 | 20,000 | 70,000 | ||||||||||||
Loss on extinguishment of debt | - | (835,324 | ) | - | (835,324 | ) | ||||||||||
Interest expense, net | (566,828 | ) | (550,017 | ) | (1,114,780 | ) | (1,104,031 | ) | ||||||||
Total other (expenses) income, net | (556,828 | ) | (1,335,341 | ) | (1,094,780 | ) | (1,869,355 | ) | ||||||||
Loss before income taxes | (1,587,890 | ) | (1,392,395 | ) | (4,262,272 | ) | (3,699,935 | ) | ||||||||
Income tax expense | (17,652 | ) | (21,523 | ) | (35,304 | ) | (43,045 | ) | ||||||||
Net loss | $ | (1,605,542 | ) | $ | (1,413,918 | ) | $ | (4,297,576 | ) | $ | (3,742,980 | ) | ||||
Loss per share: | ||||||||||||||||
Basic | $ | (0.13 | ) | $ | (0.13 | ) | $ | (0.34 | ) | $ | (0.33 | ) | ||||
Diluted | $ | (0.13 | ) | $ | (0.13 | ) | $ | (0.34 | ) | $ | (0.34 | ) | ||||
Weighted average shares outstanding: | ||||||||||||||||
Basic | 12,848,706 | 11,168,572 | 12,589,779 | 11,166,596 | ||||||||||||
Diluted | 12,848,706 | 11,232,511 | 12,589,779 | 11,230,335 | ||||||||||||
Use of Non-GAAP Financial Measures
In order to provide greater transparency regarding our operating performance, the financial results in this press release refer to non-GAAP financial measures that involve adjustments to GAAP results. Non-GAAP financial measures exclude certain income and/or expense items that management deems are not directly attributable to the Company's core operating results and/or certain items that are inconsistent in amounts and frequency, making it difficult to perform a meaningful evaluation of our current or past operating performance.
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") is defined by Dolphin as net (loss) or income adjusted for (i) interest, (ii) taxes, (iii) depreciation and amortization, (iv) acquisition costs, (v) change in fair value of convertible note, (vi) allowance for credit losses, (vii) litigation costs, (viii) loss on extinguishment of debt, and (ix) other one-time or non-cash costs.
Beginning this quarter, the Company is also presenting Adjusted EPS. Adjusted EPS is calculated by dividing Adjusted EBITDA by the weighted average number of basic and diluted shares outstanding for periods in which the Company reports Adjusted EBITDA consistent with the Company's convention for GAAP earnings per share.
Management believes that the presentation of operating results using this non-GAAP financial measure provides useful supplemental information for investors by providing them with the non-GAAP financial measure used by management for financial and operational decision making, planning and forecasting and in managing the business. This non-GAAP financial measure does not replace the presentation of financial information in accordance with U.S. GAAP. These non-GAAP financial results should not be considered a measure of liquidity and are unlikely to be comparable to non-GAAP financial measures provided by other companies.
Reconciliation of GAAP Net Loss to Non-GAAP Adjusted EBITDA
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2026 | 2025 | 2026 | 2025 | |||||||||||||
Net loss (GAAP) | $ | (1,605,542 | ) | $ | (1,413,918 | ) | $ | (4,297,576 | ) | $ | (3,742,980 | ) | ||||
Adjustments to GAAP measure: | ||||||||||||||||
Interest expense | 566,828 | 550,017 | 1,114,780 | 1,104,031 | ||||||||||||
Income tax expense | 17,652 | 21,523 | 35,304 | 43,045 | ||||||||||||
Depreciation and amortization | 533,966 | 591,552 | 1,071,242 | 1,183,104 | ||||||||||||
Acquisition costs | - | - | 52,728 | 416,171 | ||||||||||||
Change in fair value of convertible note | (10,000 | ) | (50,000 | ) | (20,000 | ) | (70,000 | ) | ||||||||
Loss on extinguishment of debt | - | 835,324 | - | 835,324 | ||||||||||||
Allowance for credit losses | 22,010 | 93,407 | 171,801 | 149,161 | ||||||||||||
One-time advance on distribution of Youngblood | - | - | 700,000 | - | ||||||||||||
Non-recurring retention bonuses | 360,000 | - | 360,000 | |||||||||||||
Litigation costs | 358,009 | - | 587,385 | - | ||||||||||||
Adjusted EBITDA (non-GAAP) | $ | 242,923 | $ | 627,905 | $ | (224,336 | ) | $ | (82,144 | ) | ||||||
Reconciliation of GAAP loss per share to Non-GAAP earnings per share (based on Adjusted EBITDA)
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
2026 | 2025 | 2026 | 2025 | |||||||||||||
Loss per share (GAAP) | $ | (0.13 | ) | $ | (0.13 | ) | $ | (0.34 | ) | $ | (0.33 | ) | ||||
Adjustments to GAAP measure: | ||||||||||||||||
Interest expense | 0.04 | 0.05 | 0.09 | 0.10 | ||||||||||||
Depreciation and amortization | 0.04 | 0.05 | 0.09 | 0.11 | ||||||||||||
Acquisition costs | - | - | - | 0.04 | ||||||||||||
Other one time expenses and income(1) | 0.01 | 0.02 | - | (0.01 | ) | |||||||||||
Loss on extinguishment of debt | - | 0.07 | - | 0.07 | ||||||||||||
Allowance for credit losses | - | - | 0.01 | 0.01 | ||||||||||||
One-time advance on distribution of Youngblood | - | - | 0.05 | - | ||||||||||||
Non-recurring retention bonuses | 0.03 | - | 0.03 | |||||||||||||
Litigation costs | 0.03 | - | 0.05 | - | ||||||||||||
Adjusted Basic EPS based on Adjusted EBITDA (non-GAAP) | $ | 0.02 | $ | 0.06 | $ | (0.02 | ) | $ | (0.01 | ) | ||||||
Adjusted Fully Diluted EPS | $ | 0.02 | $ | 0.04 | $ | (0.02 | ) | $ | (0.01 | ) | ||||||
Weighted average number of shares outstanding: | ||||||||||||||||
Basic | 12,848,706 | 11,168,572 | 12,589,779 | 11,166,596 | ||||||||||||
Fully Diluted | 12,848,706 | 17,426,405 | 12,589,779 | 11,166,596 | ||||||||||||
Includes income tax expense and allowance for credit losses for the three and six months ended June 30, 2026 and 2025 for which the per share adjustments are inconsequential.
SOURCE: Dolphin Entertainment
View the original press release on ACCESS Newswire