Following this transaction, O'Dowd directly owns 134,493 shares. Additionally, he indirectly holds shares through entities wholly owned by him: Dolphin Entertainment (NASDAQ:DLPN), LLC and Dolphin Digital Media Holdings, LLC, with 56,033 and 62,105 shares, respectively. InvestingPro subscribers can access 10 key investment tips and a comprehensive Pro Research Report for deeper insights into DLPN's financial health and growth prospects. InvestingPro subscribers can access 10 key investment tips and a comprehensive Pro Research Report for deeper insights into DLPN's financial health and growth prospects.
Following this transaction, O'Dowd directly owns 134,493 shares. Additionally, he indirectly holds shares through entities wholly owned by him: Dolphin Entertainment, LLC and Dolphin Digital Media Holdings, LLC, with 56,033 and 62,105 shares, respectively.
In other recent news, Dolphin Entertainment showcased a robust financial performance in its Q3 2024 Earnings Call. The company reported a significant 24.5% increase in Q3 revenue, reaching $12.7 million, and a marked improvement in adjusted operating income, turning a previous loss into a $492,000 gain. This positive trend contributes to a year-to-date revenue boost of 26.6%, totaling $39.4 million, setting the stage for Dolphin to surpass the $50 million revenue mark for the full year while achieving positive adjusted operating income.
Dolphin Entertainment also announced strategic advancements, including a focus on digital protection through a partnership with Loti AI, and the launch of Always Alpha, a management firm for female athletes. Despite these achievements, the company reported a net loss of $8.7 million for Q3 2024. However, Dolphin Entertainment anticipates continued growth with a strong Q4 performance expected, as indicated by CEO Bill O'Dowd's plans to increase his stake in the company. These are among the recent developments in the company's business operations.
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