Dolphin 2025 Q2 Earnings Narrowed Losses Despite Revenue Growth

Dolphin reported mixed results for its second quarter of fiscal 2025, with revenue rising sharply but earnings still in the red. The company's total revenue climbed 23.0% year-over-year to $14.09 million, though no guidance was provided for future performance.

Revenue
Driven by the EPM segment, which accounted for the entire $14.09 million in revenue, Dolphin saw a notable increase in top-line results compared to $11.45 million in the prior-year period. The CPD segment reported $0 in revenue for the quarter.

Earnings/Net Income
Despite the revenue gain, Dolphin continued to post a net loss, albeit a smaller one. The company narrowed its loss to $0.13 per share in Q2 2025, a 23.5% improvement from $0.17 per share in Q2 2024. On an absolute basis, the net loss decreased to $-1.41 million, a 13.0% reduction from the $-1.62 million reported in the same period last year, signaling early progress toward profitability.

Price Action
Dolphin’s shares fell 3.82% during the latest trading day, but bounced back with a 15.60% gain for the week and a 2.86% rise month-to-date.

Post-Earnings Price Action Review
The historical performance of buying Dolphin shares following a revenue increase has been highly unfavorable. A strategy of purchasing on the earnings report date and holding for 30 days generated a -89.57% return over the past three years—well below the 46.48% benchmark. With a CAGR of -54.12%, a Sharpe ratio of -0.65, and zero excess return, the investment approach carried significant risk with negligible reward.

CEO Commentary
Under the leadership of CEO MayImilae, Dolphin Emulator made key advancements in its June 2025 release, including the Granule Synthesis Audio System, which improves audio performance during slowdowns. MayImilae emphasized the need to balance iterative updates with major feature introductions while addressing compatibility challenges across development versions. The CEO also highlighted the value of community collaboration and transparency in sustaining Dolphin’s leadership in open-source gaming emulation.

Guidance
Dolphin did not provide any forward-looking financial guidance in its June 2025 Progress Report. The company remains focused on iterative improvements, major feature rollouts, and enhancing the overall user experience through ongoing development and testing.

Additional News
On the same day Dolphin released its earnings, *Punch Newspapers*, a Nigerian daily publication covering news from the Niger Delta, politics, business, and energy, reported on various national and regional updates. While the article did not include specific earnings-related financial metrics for any company, it emphasized the outlet’s role in delivering breaking news and multimedia content across Nigeria. As a key media player, Punch Newspapers continues to expand its reach in both digital and print formats, maintaining a focus on transparency and local storytelling.