Dolphin Entertainment, Inc. (NASDAQ:DLPN), a leading entertainment marketing and premium content production company, announces its financial results for the fourth quarter ended December 31, 2023.
Bill O’Dowd, CEO of Dolphin Entertainment commented:
“In Q4 2023 Dolphin achieved record revenue of $12.0 million, an increase of 8% year over year, despite the impact of two lengthy industry-wide strikes. Even more impressively, the team delivered positive Adjusted Operating Income of $0.3 Million in the face of such headwinds. Moving forward, following the industry’s return to normalcy post-strikes, we foresee positive Adjusted Operating Income on a continuous annual basis, which marks Dolphin’s next stage of evolution after the completion of our acquisition strategy and the formation of our Entertainment Marketing Super Group (with Special Projects joining Dolphin in Q4).
