Dolphin 2025 Q3 Earnings Revenue Surpasses Expectations, Net Loss Narrows by 95.8%

Dolphin (DLPN) reported Q3 2025 earnings on Nov 12, 2025, with revenue rising 16.7% year-over-year to $14.80 million, exceeding the $14.00 million consensus estimate. The company narrowed its net loss to $-365,494, a 95.8% reduction from $-8.69 million in Q3 2024. No formal guidance was provided for future periods, though the CEO emphasized organic growth and margin expansion.

Revenue

Dolphin’s EPM segment drove the entire revenue increase, contributing $14.80 million, while the CPD segment reported no revenue. The performance reflects strong organic growth from existing agencies, with no material contributions from recent acquisitions after July 2024.

Earnings/Net Income

The company reduced its per-share loss to $-0.03 in Q3 2025 from $-0.80 in Q3 2024, marking a 96.3% improvement. The net loss narrowed to $-365,494, a 95.8% reduction, underscoring effective cost management and operational efficiency. The substantial reduction in losses indicates effective cost management and operational improvements.

Post-Earnings Price Action Review

The strategy of buying Dolphin shares on the revenue announcement date and holding for 30 days yielded a 5.39% gain, slightly outperforming the 5.37% three-year average for this approach. While the return was modest compared to the 2.5% risk-free rate, it offered a decent risk-adjusted result, making it suitable for conservative investors. The stock edged up 0.60% in the latest trading day but declined 0.89% weekly, with a 20.14% month-to-date surge.

CEO Commentary

William O’Dowd, CEO of Dolphin Entertainment, highlighted record revenue and positive operating income despite $600,000 in non-cash amortization expenses. He emphasized organic growth, cross-selling synergies, and the company’s recognition in industry rankings. O’Dowd also disclosed personal share purchases of 2% of outstanding stock, signaling confidence in Dolphin’s undervaluation.

Guidance

The company did not provide specific forward-looking financial guidance for Q4 2025 or the full year.

Additional News

Dolphin’s CEO, William O’Dowd, purchased 3,100 shares ($4.9K) via a prearranged trading plan, reflecting continued confidence in the stock. The company received accolades, including inclusion in Crain’s Best Places to Work in NYC and PRNEWS’ Agency Elite 120 list. Additionally, Dolphin’s cross-selling model drove margin expansion, with operating income turning positive at $300,000 despite non-cash expenses.