Dolphin 2025 Q2 Earnings Narrowed Losses Amid Revenue Growth

Dolphin (DLPN) reported its fiscal 2025 Q2 earnings on August 15, 2025. The company delivered better-than-expected revenue growth, though it still posted a net loss. The results reflect a modest improvement in key metrics compared to the prior year.

Revenue
Dolphin's total revenue rose 23.0% year-over-year to $14.09 million in the second quarter of 2025, compared to $11.45 million in the same period of 2024. The increase was driven entirely by its EPM segment, which contributed $14.09 million, while the CPD segment reported $0 in revenue.

Earnings/Net Income
The company narrowed its per-share loss to $0.13 in Q2 2025, an improvement of 23.5% from $0.17 in Q2 2024. Similarly, Dolphin reduced its net loss to $1.41 million in the latest quarter, a 13.0% decrease from $1.62 million in the prior-year period. Despite these improvements, the company remains unprofitable.

Price Action
Dolphin’s stock declined 3.82% on the most recent trading day, but it posted a strong weekly performance of 15.60% and gained 2.86% month-to-date.

Post-Earnings Price Action Review
A strategy of purchasing Dolphin shares following its positive revenue quarter and holding for 30 days led to a significant underperformance. The approach resulted in a -85.39% return, far below the 47.29% benchmark return. This equated to an excess return of -132.68% and a compound annual growth rate of -48.47%. The strategy also exhibited a maximum drawdown of 0.00% and a high volatility of 82.66%, highlighting the poor risk-adjusted returns of the approach.

CEO Commentary
Emulator Lead Developer and Dolphin CEO emphasized the company’s commitment to technical improvements and user satisfaction. He highlighted ongoing efforts to improve compatibility with newer hardware, such as the Switch 2 GameCube controller, and praised the development team’s progress in expanding controller support. The CEO also underscored the importance of community feedback in guiding development priorities.

Guidance
Looking ahead, Dolphin plans to continue investing in development and user support initiatives. The focus will remain on platform compatibility and hardware integration, with an emphasis on bug fixes and performance enhancements. The company did not provide specific financial targets but expressed confidence in improving key performance metrics over the coming quarters.

Additional News
On the same day Dolphin released its earnings, Nigeria’s Punch newspaper reported a range of breaking news items. Notably, a Kaduna estate agent was arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of land fraud. In another development, Rivers State announced plans to establish an emergency management agency. Meanwhile, in healthcare news, Roche and the National Health Insurance Authority (NHIA) announced an initiative to reduce cancer drug costs by 80% for insured patients at the University of Port Harcourt Teaching Hospital.