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Dolphin Entertainment Inc (DLPN)
NASDAQ:DLPN
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Dolphin Entertainment
(NASDAQ:DLPN)
45Neutral
Positive Factors
Corporate Expansion
The company is expanding social influencing to include affiliate marketing and has launched a women's sports management firm, Always Alpha.
Executive Confidence
The CEO, Bill O'Dowd, bought $100K in stock and started a 10b5-1 plan with an initial allocation of $250K, indicating confidence in the company's future.
Negative Factors
Earnings Performance
Adjusted EBITDA for 4Q24 was ($0.5M), below the estimate of $0.9M due to investing in The Digital Dept and Always Alpha.
Financial Outlook
2025 estimates are lowered based on pushing out the timing of a new movie documentary with joint venture partner IMAX.
Dolphin Entertainment (DLPN) vs. S&P 500 (SPY)
Market Cap
$11.17M
Dividend YieldN/A
Average Volume (3M)20.90K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth0.31%
EPS Growth27.47%
CountryUS
Employees269
SectorCommunication Services
Sector Strength84
IndustryEntertainment
Share Statistics
EPS (TTM)-0.21
Shares Outstanding11,168,119
10 Day Avg. Volume13,767
30 Day Avg. Volume20,902
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.84
Price to Sales (P/S)0.00
P/FCF Ratio-10.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.00Price Target Upside380.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Dolphin Entertainment Business Overview & Revenue Model
Company DescriptionDolphin Entertainment, Inc., together with its subsidiaries, operates as an independent entertainment marketing and premium content development company in the United States. It operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment offers public relations, entertainment content marketing, strategic communications, social media and digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content. The Content Production segment produces and distributes feature films and digital content. In addition, it offers strategic marketing and publicity services to individuals and corporates in the entertainment, hospitality, and music industries; and marketing direction, public relations counsel, and media strategy for video game publishers, as well as eSports leagues and other entities in the gaming industry. The company was formerly known as Dolphin Digital Media, Inc. and changed its name to Dolphin Entertainment, Inc. in July 2017. Dolphin Entertainment, Inc. is headquartered in Coral Gables, Florida.
How the Company Makes MoneyDolphin Entertainment makes money through several key revenue streams, primarily involving marketing and content production services. The company generates revenue by providing marketing and publicity services to entertainment industry clients, which include major film studios, television networks, and streaming services. Additionally, Dolphin Entertainment produces premium content, including films and digital media, from which it earns revenue through distribution deals, licensing agreements, and direct sales. Significant partnerships with industry leaders enhance its ability to attract high-profile clients and projects, contributing to its earnings.
Dolphin Entertainment Financial Statement Overview
Summary
Dolphin Entertainment is facing significant financial challenges, with a complete drop in revenue to $0 in 2024 and persistent losses. Despite an increase in stockholders' equity, negative figures in liabilities and debt raise concerns about financial stability. Cash flows remain negative, indicating operational inefficiencies.Income Statement
Dolphin Entertainment has experienced a significant decline in revenue, evidenced by a drop from $43.12 million in 2023 to $0 in 2024. The company has consistently posted negative net income and EBIT over the years, indicating ongoing profitability challenges. The margins are unfavorable, with negative EBIT and EBITDA margins, reflecting operational inefficiencies. The company needs to address its core revenue generation strategies and cost management to improve financial health.30
Negative
Balance Sheet
The balance sheet presents a mixed picture. There is a negative total debt, and stockholders' equity has increased significantly to $6.45 million in 2024 from $19.96 million in 2023. The debt-to-equity ratio is favorable due to negative debt, but this may be due to accounting adjustments rather than actual debt reductions. The equity ratio has improved, but the negative liabilities and debt figures raise concerns about the financial stability and accuracy of financial reporting.45
Neutral
Cash Flow
Cash flow from operations has been consistently negative, with a free cash flow of -$157,851 in 2024, showing no improvement from previous years. The company relies heavily on financing activities to sustain operations, as seen by the significant positive financing cash flows. The lack of positive operating cash flow relative to net income indicates operational inefficiencies and a need to stabilize cash flow generation.35
Negative
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 51.39M | 0.00 | 43.12M | 40.51M | 35.73M | 24.05M | Gross Profit |
| 28.59M | 0.00 | 42.25M | 36.94M | 31.85M | 21.48M | EBIT |
| -10.02M | 0.00 | -20.11M | -3.24M | -1.73M | -2.56M | EBITDA |
| -14.27M | 0.00 | -17.86M | -2.05M | -3.73M | -471.29K | Net Income Common Stockholders |
| -20.25M | -12.60M | -24.40M | -4.53M | -6.46M | -1.94M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 179.63K | 521.82K | 7.56M | 6.07M | 7.69M | 7.92M | Total Assets |
| 1.72M | 5.55M | 66.25M | 75.38M | 52.75M | 49.35M | Total Debt |
| 470.32K | -90.80K | 25.59M | 21.82M | 12.92M | 17.11M | Net Debt |
| 290.69K | -612.62K | 19.15M | 15.75M | 5.23M | 9.19M | Total Liabilities |
| 3.45M | -900.44K | 46.30M | 41.29M | 29.81M | 29.68M | Stockholders Equity |
| -1.73M | 6.45M | 19.96M | 34.09M | 22.93M | 19.67M |
| Cash Flow | Free Cash Flow | ||||
| -1.14M | -157.85K | -4.65M | -4.10M | -1.32M | -1.58M | Operating Cash Flow |
| -1.13M | -157.85K | -4.62M | -4.03M | -1.32M | -1.51M | Investing Cash Flow |
| -6.97M | -2.46M | -4.54M | -7.92M | -3.03M | -1.38M | Financing Cash Flow |
| 4.56M | 4.18M | 9.52M | 10.91M | 3.94M | 8.61M |
Dolphin Entertainment Technical Analysis
Negative
1.04
Price Trends
1.03
Positive
1.05
Negative
1.19
Negative
Market Momentum
<0.01
Positive
48.43
Neutral
12.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLPN, the sentiment is Negative. The current price of 1.04 is below the 20-day moving average (MA) of 1.06, above the 50-day MA of 1.03, and below the 200-day MA of 1.19, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 12.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DLPN.
Dolphin Entertainment Risk Analysis
Dolphin Entertainment disclosed 21 risk factors in its most recent earnings report. Dolphin Entertainment reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dolphin Entertainment Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $13.88B | 7.03 | -2.76% | 3.71% | 2.20% | -43.04% | |
45 Neutral | $11.17M | ― | -98.74% | ― | 0.31% | 27.47% | |
43 Neutral | $6.37M | ― | ― | ― | ― | ||
39 Underperform | $5.63M | ― | -65.28% | ― | -20.80% | 19.16% | |
37 Underperform | $9.28M | ― | -26.18% | ― | -74.59% | 86.00% | |
31 Underperform | $7.80M | ― | -157.27% | ― | ― | ― | |
24 Underperform | $3.02M | ― | -324.29% | ― | -35.48% | 79.53% |
* Communication Services Sector Average
Performance Comparison
DLPN
Dolphin Entertainment
1.04
-1.44
-58.06%
SLE
Super League Enterprise
0.17
-1.50
-89.82%
BHAT
Blue Hat Interactive Entertainment Technology
1.91
-103.09
-98.18%
SOGP
Sound Group
1.30
-1.28
-49.61%
HOFV
Hall of Fame Resort & Entertainment
0.87
-2.20
-71.66%
VSME
VS Media Holdings Limited Class A
0.92
-1.74
-65.41%
Dolphin Entertainment Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q1-2025)
| % Change Since: 1.96%|
Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant strategic investments in women's sports and affiliate marketing, along with notable achievements and industry recognition. However, it also revealed a decrease in total revenue and an increased net loss, partly due to the impact of the LA wildfires. The sentiment is mixed, with both promising initiatives and financial challenges.Q1-2025 Updates
Positive Updates
Strategic Investments in Women's Sports
Dolphin Entertainment has invested in the women's sports management firm Always Alpha, with plans to expand into women's soccer and basketball. The firm now represents over a dozen female athletes and sports casters, including Olympians, and aims to double its roster by the end of the year.
Launch of Affiliate Marketing Division
A new affiliate marketing division has been launched within Dolphin's digital department, aligning with the growing influencer economy. The company expects to triple its influencer roster by the end of the year, tapping into a market estimated at over $17 billion.
Agency of the Year Recognition
Dolphin Entertainment was named Agency of the Year by Observer's 2025 PR Power List, highlighting the company's strategy and talent across its agencies.
Successful Campaigns and Awards
Dolphin's agencies successfully executed major campaigns at events like the Super Bowl and Oscars, and saw clients win at the Grammys. The Blue Angels documentary won another industry award and returned to IMAX theaters.
Negative Updates
Decrease in Total Revenue
Total revenue for the quarter was $12.2 million, a decrease from $15.2 million in the same period last year. The previous year's revenue included a significant contribution of $3.4 million from the Blue Angels documentary.
Operating Loss
The company reported an operating loss of $1.8 million in Q1 2025, compared to an operating income of $200,000 in the prior year period. The adjusted operating loss was approximately $600,000.
Impact of Los Angeles Fires
The LA wildfires negatively impacted revenue, particularly affecting the 42West and Special Projects subsidiaries.
Increased Net Loss
Net loss for Q1 2025 was $2.3 million, compared to a net loss of $300,000 for Q1 2024. Net loss per share increased to $0.21 from $0.04 in the previous year.
Company Guidance
During the Dolphin Entertainment Q1 2025 earnings call, the company provided guidance emphasizing strategic investments for future growth, despite a decrease in total revenue from $15.2 million in Q1 2024 to $12.2 million in Q1 2025, primarily due to a $3.4 million contribution from the Blue Angels documentary in the prior year. Excluding this, the core entertainment publicity and marketing segment grew 2% year-over-year. The company reported an adjusted operating loss of approximately $600,000 for the quarter, similar to the prior year when adjusted for the Blue Angels impact. Dolphin highlighted investments in women's sports through Always Alpha, aiming to double its athlete roster by year-end, and the launch of an affiliate marketing division to capitalize on a $17 billion revenue stream, expecting to triple its current roster of influencers. These investments are anticipated to enhance revenues and profits in 2026 and beyond.Dolphin Entertainment Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Dolphin Entertainment Secures $1.065M Through Convertible Notes
Positive
May 7, 2025
Between March 24, 2025, and May 6, 2025, Dolphin Entertainment, Inc. entered into eight subscription agreements with investors for convertible promissory notes totaling $1,065,000. These notes, bearing an interest rate of 10% per annum, have varying maturity dates ranging from one to five years and can be converted into common stock at specified prices. This strategic move allows Dolphin Entertainment to raise capital while offering investors the potential for equity participation, potentially impacting the company’s financial flexibility and market positioning.
Spark’s Take on DLPN Stock
According to Spark, TipRanks’ AI Analyst, DLPN is a Neutral.
Dolphin Entertainment’s stock is currently rated at 47, reflecting significant financial challenges and valuation concerns. Despite positive strategic initiatives and revenue growth, the company’s ongoing financial instability and profitability issues weigh heavily on its overall score. Technical indicators suggest neutral market sentiment, while the lack of dividend yield and negative P/E ratio further impact investor confidence.
To see Spark’s full report on DLPN stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.