---
title: "Dolphin ENT | 8-K: FY2025 Revenue Beats Estimate at USD 56.7 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280523297.md"
datetime: "2026-03-25T20:16:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280523297.md)
  - [en](https://longbridge.com/en/news/280523297.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280523297.md)
generator: "portal-rs"
---

# Dolphin ENT | 8-K: FY2025 Revenue Beats Estimate at USD 56.7 M

Revenue: As of FY2025, the actual value is USD 56.7 M, beating the estimate of USD 56.05 M.

EPS: As of FY2025, the actual value is USD -0.27, beating the estimate of USD -0.36.

EBIT: As of FY2025, the actual value is USD 2.156 M.

### Financial and Operational Metrics

#### Full Year 2025 vs. 2024

-   **Revenue**: Dolphin Entertainment, Inc.’s total revenue for the year ended December 31, 2025, was $56.7 million, an increase of 10% from $51.7 million in 2024.
-   **Net Loss**: The net loss for full year 2025 was -$3,088,768, which was a decrease of $9.5 million compared to the net loss of -$12,603,225 in 2024.
-   **Adjusted EBITDA**: Adjusted EBITDA for full year 2025 was $2,851,391, compared to $922,613 in 2024, representing more than a threefold increase.
-   **Operating Loss**: The operating loss for 2025 was -$39,058, significantly lower than the operating loss of -$10,485,172 for 2024.
-   **Operating Expenses**: Operating expenses for full year 2025 were $56.7 million, including non-cash expenses of $2.4 million related to depreciation and amortization, compared to $62.2 million in 2024. Operating expenses in 2024 included depreciation and amortization of $2.4 million, and non-recurring or non-cash expenses of $8.0 million, primarily a $6.7 million goodwill impairment and a $1.3 million write-off of notes receivable.
-   **Depreciation and Amortization**: Depreciation and amortization was $2,354,585 in 2025, compared to $2,382,361 in 2024.
-   **Basic and Diluted Loss Per Share**: Basic and diluted loss per share for full year 2025 was -$0.27, compared to -$1.22 in 2024.
-   **Weighted Average Shares Outstanding**: The weighted average number of shares outstanding used in per share calculation for 2025 was 11,558,485, up from 10,306,904 in 2024.
-   **Cash and Cash Equivalents**: As of December 31, 2025, cash and cash equivalents were $8,756,585, an increase from $8,203,842 as of December 31, 2024.
-   **Total Assets**: Total Assets as of December 31, 2025, were $58,330,160, slightly down from $58,437,279 as of December 31, 2024.
-   **Total Liabilities**: Total Liabilities as of December 31, 2025, were $48,639,735, an increase from $46,791,888 as of December 31, 2024.
-   **Total Stockholders’ Equity**: Total Stockholders’ Equity as of December 31, 2025, was $9,690,425, down from $11,645,391 as of December 31, 2024.

#### Fourth Quarter (Q4) 2025 vs. Q4 2024

-   **Revenue**: Q4 2025 revenue was $15.6 million, an increase of 27% year-over-year.
-   **Net Income/Loss**: Q4 2025 saw a net income of $1,019,706, compared to a net loss of -$1,959,611 in Q4 2024.
-   **Adjusted EBITDA**: Q4 2025 Adjusted EBITDA was $1,703,719, a swing from a -$480,691 loss in Q4 2024.

### Outlook / Guidance

Dolphin Entertainment, Inc. expects continued top-line growth and Adjusted EBITDA margin expansion in 2026, with Adjusted EBITDA anticipated to expand significantly faster than revenue. The company projects approximately $2.2 million in annual principal and interest savings as bank debt matures within two and a half years, and an additional $1 million in annualized lease savings by the end of 2027. These savings are expected to flow directly to free cash flow due to federal and state NOL carryforwards of $127 million.

### Related Stocks

- [DLPN.US](https://longbridge.com/en/quote/DLPN.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**