Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment (NASDAQ:DLPN) reported strong Q1 2022 financial results, showcasing a 28% revenue increase year over year to $9.2 million, driven by organic growth among its Super Group of marketing companies. The company significantly reduced its debt from over $16 million to below $6 million, with cash reserves at $9.6 million. A net loss of $792,481 marked an improvement compared to a net loss of $5.3 million a year earlier. Dolphin continues to pursue investments in new ventures and has initiated a co-production deal with IMAX for feature documentaries, starting with 'Blue Angels'.

Dolphin Entertainment (NASDAQ: DLPN) announced major recognition for its subsidiary 42West, which received a total of 97 Emmy nominations for the eligibility period from June 1, 2021, to May 31, 2022. Notable highlights include 12 nominations for The Marvelous Mrs. Maisel and six nominations for the documentary Lucy and Desi, marking its first nomination for Outstanding Documentary. Other significant projects recognized included Lizzo's Watch Out For The Big Grrrls and Schmigadoon!, showcasing Dolphin's strong presence in the entertainment marketing industry.

Dolphin Entertainment (NASDAQ:DLPN) will host a conference call on July 18, 2022, at 4:30 PM ET to discuss financial results for its first quarter ended March 31, 2022. Participants can access the call by dialing 888-506-0062 (toll-free) or 973-528-0011 (international). The event will provide insights into the company's performance and is crucial for investors tracking its financial trajectory. A replay will be available post-call.

Dolphin Entertainment (NASDAQ:DLPN) has announced its Web3 marketing agency, We Come In Peace (WCIP), has achieved significant success with multiple NFT projects. Notably, NFTs by celebrity chefs Tom Colicchio and Spike Mendelsohn sold out in under 24 hours, while Buffalo Trace Distillery's auction raised $280,000, setting a potential record for bourbon NFTs. Upcoming projects include collaborations with Bella Hadid and Troy Carter. The agency aims to integrate culinary and entertainment brands into the metaverse, emphasizing continued growth in Web3 applications.

Dolphin Entertainment (NASDAQ:DLPN) announced a significant change in its audit process, engaging Grant Thornton LLP as its new independent registered public accounting firm effective June 3, 2022. This decision follows a comprehensive evaluation and aims to leverage Grant Thornton's extensive experience in the entertainment sector, as they serve 65% of Fortune 1000 companies in this space. The transition from the previous firm, dismissed on May 27, 2022, is being managed carefully to maintain operational continuity.

Dolphin Entertainment (NASDAQ:DLPN) announced that CEO Bill O'Dowd will present at the LD Micro Invitational XII on June 8, 2022, at 2:00 p.m. PT. The event is scheduled for June 7-9, 2022, where O'Dowd will also hold one-on-one investor meetings. Interested parties can access the webcast at this link. Dolphin Entertainment is recognized as a leader in entertainment marketing and content production, with subsidiaries providing strategic marketing and publicity services across various industries.

Dolphin Entertainment (NASDAQ:DLPN) congratulates client Tom Cruise on his record-breaking film Top Gun: Maverick, achieving a historic $160.5 million domestic opening weekend and $300 million worldwide gross. CEO Bill O'Dowd emphasizes the film's success marks a strong comeback for theaters. Dolphin, a leader in entertainment marketing and content production, works with high-profile clients across various industries through its subsidiaries, providing strategic marketing and publicity services.

Dolphin Entertainment (NASDAQ:DLPN) has filed its Annual Report on Form 10-K with the Securities and Exchange Commission for the fiscal year ending December 31, 2021. The comprehensive report is accessible via the SEC's website. The company is also preparing to file its quarterly report on Form 10-Q for the period ending March 31, 2022. Dolphin Entertainment specializes in entertainment marketing and premium content production, boasting a portfolio of services through its subsidiaries that cater to the film, television, music, gaming, and hospitality sectors.