Dolphin Entertainment, Inc. Q1 FY2025 earnings call

Financial Highlights - Total revenue $12.2M vs $15.2M prior year, core entertainment publicity and marketing revenue grew 2% y-o-y when excluding Blue Angels' $3.4M contribution. - Adjusted operating loss ~$600k comparable to prior year when excluding Blue Angels impact. ### Strategic Investments - Always Alpha, co-founded by Allyson Felix, is a leader in women's sports, now the largest and most comprehensive management firm in the space, plans to expand into women's soccer and basketball, expecting active roster to double by end of 2025. - Digital department launched dedicated affiliate marketing division, with 24 influencers on roster, expecting to more than triple that number by end of 2025, hiring affiliate managers steadily. ### Agency Deliveries - 42West had great showings at Toy Fair, Sundance, SXSW, Oscars, and Super Bowl campaigns. - Shore Fire Media clients won big at Grammys, Cyndi Lauper's induction, and orchestrated Super Bowl moments. - The Door cemented culinary lifestyle branding, unveiled new chef roster and Super Bowl campaigns. - Elle, new addition, serves over two dozen clients. - Digital Dept. set new record with highest-grossing BRANDEdit influencer experience and launched affiliate marketing division. - Special Projects brought together top celebrities and cultural influencers for events. ### Content - Blue Angels collected industry award for sound editing and returned to IMAX in 3D. - Youngblood feature adaptation completed principal photography, tracking toward fall festival debut.

Total revenue for the quarter was $12.2 million, compared to $15.2 million a year ago. Last year’s Q1 included a significant contribution of $3.4 million from the Blue Angels documentary. Excluding that, core entertainment publicity and marketing revenue grew 2% year-over-year to $12.1 million. The fires impacted 42West and Special Projects subsidiaries most significantly, but the impact was limited to Q1. Operating expenses for the quarter were $13.9 million compared to $15.1 million in Q1 2024. Operating loss for Q1 2025 was $1.8 million, adjusted operating loss was approximately $600,000, net loss was $2.3 million, and net loss per share was $0.21 per share.

Forward-looking Statements - Expect to provide updates in Q2 on progress with Always Alpha (soccer and basketball), affiliate marketing, Youngblood's fall festival plans, and ventures work. - Confident in continued growth in 2025 despite headwinds, with businesses growing and no loss of confidence for the full year.

Risks - Impact of LA wildfires on 42West and Special Projects subsidiaries in Q1, though impact was limited to that quarter.

Q: Closing comments and Q2 expectations?

A: Q2 in August will provide updates on progress with Always Alpha, affiliate marketing, Youngblood's fall festival plans, and ventures work. Expect to report on organic growth of base businesses and update on various initiatives.