Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment, Inc. (NASDAQ: DLPN) announces that its subsidiary, The Door, has added Carbone Fine Food to its client portfolio. Carbone Fine Food specializes in premium sauces designed to allow consumers to prepare restaurant-quality meals at home, crafted by renowned chefs using high-quality ingredients. The collaboration aims to enhance Carbone's brand visibility, drive sales, and foster customer loyalty through comprehensive public relations and social media strategies. The Door, founded in 2008, focuses on building impactful brands across various sectors, including food and beverage. This partnership emphasizes Dolphin's commitment to expanding its clientele in the Consumer Packaged Goods (CPG) domain.

Dolphin Entertainment (NASDAQ:DLPN) reported financial results for Q4 and FY 2022, indicating a strong growth trajectory. Q4 revenue rose 6% to $11.1 million, while total revenue for the year increased 13% to $40.5 million. The company faced an operating loss of $4.6 million, improving from a $5.5 million loss in 2021. Despite a net loss of $4.7 million, which is also an improvement from the prior year, the company maintains robust operational goals. Key developments include the acquisition of influencer agency Socialyte and an anticipated revenue generation from upcoming projects like 'The Blue Angels' documentary, set for release in H2 2023.

Dolphin Entertainment has appointed Ellie Doty as Chief Marketing Officer, enhancing its leadership team. Doty, an industry veteran with over 20 years of experience, previously held CMO roles at notable brands such as Taco Bell and Burger King. In her new position, she will oversee branding, messaging, and communications for Dolphin and its investment ventures, reporting directly to CEO Bill O'Dowd. Her track record in designing effective marketing strategies and leading diverse teams is expected to drive significant business results and strengthen Dolphin's market position.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced a conference call on March 30, 2023, at 4:30 PM ET to discuss its financial results for Q4 and the full year ending December 31, 2022. Interested participants can join via a toll-free number or international line, using access codes provided. The call will also be available through a webcast with a replay option. Dolphin Entertainment is recognized as a premium entertainment marketing and content production company, with numerous accolades in PR services through its subsidiaries. Forward-looking statements indicate potential uncertainties impacting financial expectations.