Dolphin q3 revenue increases 24.5% yoy to $12.7m, reports adjusted operating income of $0.5m and highlights market valuation disconnect

Q3 2024 revenue grew 24.5% to $12.7m from $10.2m in q3 2023 q3 2024 adjusted operating income of $0.5m as opposed to adjusted operating loss of $(0.8m) in q3 2023 nine-month 2024 revenue increased 26.6% to $39.4m nine-month 2024 adjusted operating income of $1.4m, versus a $(2.7m) adjusted operating loss in the same period last year market cap (1) trading at approximately 0.25x current year 2024 estimated revenue guidance of $50.0m ceo sees dolphin as undervalued; supports view with $100,000 in stock purchases in last 12 months based on market cap at the close of trading on nov 13, 2024 miami, fl / accesswire / november 14, 2024 / dolphin (nasdaq:dlpn), an independent leader in content production, entertainment marketing, and related ventures, announces its financial results for the quarter ended september 30, 2024. bill o'dowd, ceo of dolphin entertainment commented: "during q3, revenue increased by 24.5% year over year and we achieved $0.5 million in adjusted operating income, setting us on track to deliver on our goals of surpassing $50 million in revenue and achieving adjusted operating income for full year 2024.
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