secwatch.observer — SEC 8-K summary
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Issuer:     Dolphin Entertainment, Inc. (DLPN)
CIK:        0001282224
Form:       8-K
Filed at:   2026-11-10T21:59:39+00:00
Accession:  0001079973-26-001451
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Dolphin Entertainment Q3 revenue up 8.3% to record $16.0M; swings to $0.2M net income
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- Q3 revenue $16.0M, +8.3% YoY from $14.8M and a company record; nine-month revenue $43.3M, +5.4%. Excluding spun-out Always Alpha, Q3 growth was 9.7%.
- Net income $0.2M ($0.02 EPS) vs a $0.4M loss a year ago; income from operations $0.8M, up 167%. Adjusted EBITDA $1.6M, +42.9% YoY; nine-month adjusted EBITDA $1.4M, +24.2%.
- Q3 operating expenses $15.2M included ~$0.4M of litigation-related legal costs and $0.5M non-cash depreciation/amortization; cash was $8.1M at Sept 30 vs $8.8M at Dec 31, 2025.
- Expects four ventures in 2027 with the first in market in Q1 2027; Graviteur Studios' debut feature "Crush Party," directed by Kristen Brancaccio, starts production in 1H 2027.
- CEO Bill O'Dowd cites >$1M/yr savings from NY and LA leases expiring 2H 2027 and ~$2.2M/yr freed when the bank term loan matures Sept 2028, with ~$127M in NOL carryforwards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282224/000107997326001451/0001079973-26-001451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282224/000107997326001451/dlpn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-001451

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer