Dolphin Entmt Inc Stock Price, News & Analysis

Dolphin Entertainment (NASDAQ:DLPN) announces the launch of a new showroom concept by its subsidiary, Be Social Group, aimed at connecting brands with influencers. The inaugural Summer Showroom took place in West Hollywood, featuring brands like Bondi Sands and EyeBuyDirect. This initiative offers brands a cost-effective way to engage with influencers, minimizing individual event costs and managing the outreach process. The Showroom model allows brands to tailor product selections and monitor social media coverage post-event. The next seasonal Showroom is planned ahead of the holiday season.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) reported strong Q2 2021 financial results, achieving revenue of $8.6 million, a 20% increase from Q1 2021. For the first time, the company recorded positive operating income of $56,293, despite accounting for non-cash depreciation and amortization expenses. Net income stood at $1.3 million, reflecting a turnaround from a $2.9 million loss in the previous year. Dolphin also reached a working capital surplus of $1.26 million, marking a significant milestone since its NASDAQ uplisting.

Dolphin Entertainment (NASDAQ:DLPN) will host a conference call on August 16, 2021, at 4:30 pm ET to discuss its Q2 financial results for the period ending June 30, 2021. Participants can join via toll-free numbers or through a webcast. Dolphin is a prominent player in entertainment marketing and content production, operating various subsidiaries that provide strategic marketing and creative services across multiple industries, including film, television, and gaming. The company’s NFT division focuses on producing and promoting NFTs.

Dolphin Entertainment (NASDAQ:DLPN) has partnered with FTX to create NFT marketplaces for major sports and entertainment brands. This collaboration will leverage Dolphin's marketing expertise and FTX's crypto exchange capabilities. The aim is to enhance the consumer experience for trading NFTs, making it more accessible and user-friendly. Dolphin's extensive network in the entertainment industry, combined with FTX's technical support, positions them to innovate in the NFT space, targeting sectors like sports, film, music, and more.

Dolphin Entertainment (NASDAQ:DLPN) congratulated its subsidiary 42West for achieving 19 nominations at the 73rd annual Emmy Awards. Noteworthy nominations include Outstanding Drama Series for Amazon's The Boys and multiple nominations for the documentary Billie Eilish: The World's a Little Blurry. CEO Bill O'Dowd praised 42West's extensive work across numerous genres. The press release further highlights Dolphin's array of marketing and publicity services across various entertainment sectors, as well as its NFT initiatives.

Dolphin Entertainment (NASDAQ:DLPN) celebrates Chris Bosh's new book, Letters to a Young Athlete, published by Penguin Press. The book has received accolades, including recognition from Good Morning America and Essence. Bosh's memoir features reflections on life and success, designed to inspire readers. Alongside his writing, Bosh engages in philanthropic efforts and musical projects. Dolphin's subsidiaries provide strategic marketing in various industries, including entertainment and NFTs. The company highlighted its commitment to producing quality content.

Dolphin Entertainment (NASDAQ:DLPN) is set to join the Russell Microcap® Index following the 2021 annual reconstitution on June 28. This membership enhances the company's visibility among investors, as Russell indexes are widely utilized for benchmarking. The CEO, Bill O'Dowd, emphasized that this inclusion reflects Dolphin's growth and is an opportunity to share their future plans. Russell indexes cover approximately $10.6 trillion in assets, providing a significant platform for the company's marketing and content development services.

Dolphin Entertainment, Inc. (NASDAQ:DLPN) announced CEO Bill O'Dowd's participation in two investor conferences: the Summer Solstice Best Ideas Conference on June 1 at 1:00 PM ET, with a follow-up 1x1 meeting on June 4, and the 2021 LD Micro Invitational XI on June 10 at 11:30 AM ET. Interested parties can find more details through links provided in the press release. Dolphin Entertainment specializes in entertainment marketing and premium content production, operating subsidiaries that offer strategic marketing, publicity services, and NFT production efforts.