NEWS ER
Dolphin Reports Record Q2 Revenue of $11.4 Million; H1 2024 Delivers $26.7 Million Revenue and $0.9 Million Adjusted Operating Income
Dolphin Entertainment (NASDAQ:DLPN) reported record Q2 2024 revenue of $11.4 million, a 4% increase from Q2 2023. The company achieved H1 2024 revenue of $26.7 million and $0.9 million in Adjusted Operating Income. Despite the revenue growth, Dolphin reported an operating loss of $1.1 million for Q2 2024, compared to a $7.5 million loss in Q2 2023. The company's cash position improved to $9.8 million as of June 30, 2024, up from $7.6 million at the end of 2023.
CEO Bill O'Dowd expressed confidence in exceeding $50 million in annual revenues and delivering full-year positive Adjusted Operating Income. Dolphin's recent acquisition of Elle Communications and planned launch of a sports company are expected to contribute to a strong second half of 2024.
CEO Bill O'Dowd expressed confidence in exceeding $50 million in annual revenues and delivering full-year positive Adjusted Operating Income. Dolphin's recent acquisition of Elle Communications and planned launch of a sports company are expected to contribute to a strong second half of 2024.
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