The following is a summary of the Dolphin Entertainment, Inc. (DLPN) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Dolphin Entertainment reported Q1 revenue of $15.2 million, a 54% increase compared to Q1 of the previous year.

• The company posted a positive adjusted operating income of $1 million, contrasting with a $1.9 million adjusted operating loss in Q1 of 2023.

• Despite this, the company reported a net loss for the quarter of $300,000, reflecting depreciation, amortization, and capitalized production costs related to the Blue Angels project.

Business Progress:

• The company has seen success with ventures such as 42West's role in winning 4 Oscars and the Blue Angels documentary which already generated $3.4 million in revenue.

• They launched Staple Gin in partnership with Rachael Ray and Do Good Spirits and are planning an expansion into live events and consumer products, including a skincare product set to launch in 2025.

• The company is setting up an ongoing line of liquor brands backed by influential personalities and planning to reveal its national distribution partner for Staple Gin soon.

• They anticipate a strong future for ventures like Blue Angels, expecting to announce more projects in the coming periods.

More details: Dolphin Entertainment IR

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