Dolphin Entertainment First Quarter 2024 Earnings: Beats Expectations

Dolphin Entertainment (NASDAQ:DLPN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$15.2m (up 54% from 1Q 2023).
• Net loss: US$326.8k (loss narrowed by 89% from 1Q 2023).
• US$0.018 loss per share (improved from US$0.23 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dolphin Entertainment Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 62%. Earnings per share (EPS) also surpassed analyst estimates by 87%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Dolphin Entertainment that you need to take into consideration.

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