Dolphin Entertainment's second-quarter revenue reached $11.4 million, a 4% year-over-year increase, and set the stage for projected fiscal year 2024 revenues exceeding $50 million.
Despite an adjusted operating loss of $100,000 in the second quarter, Dolphin Entertainment reported robust performance in the first half, with an adjusted operating income of approximately $900,000.
CEO Bill O'Dowd expressed optimism regarding the relaxation of sports competition rules, indicating a potential for brand merging through social media, which could unlock new avenues for growth.
Key strategic expansions into the sports industry and live events are poised to drive revenue for Dolphin Entertainment, as the company aims to explore new revenue streams.
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