Dolphin Entertainment Shares Rise After Q1 Earnings Results: The Details
Portfolio Pulse from Dylan Berman
Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares rose after the company announced better-than-expected Q1 earnings. The company reported $15.24 million in revenue, a 54% YoY increase, and a loss of two cents per share, improved from a loss of 23 cents per share last year. Dolphin also highlighted upcoming product launches and partnerships.
May 15, 2024 | 2:44 pm
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Dolphin Entertainment reported strong Q1 earnings with a 54% YoY revenue increase and a reduced loss per share. The company also announced new product launches and partnerships, indicating potential for future growth.
The significant YoY revenue increase and reduced loss per share are positive indicators for investors. Additionally, the upcoming product launches and partnerships suggest potential for sustained growth, likely driving the stock price up in the short term.
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