Dolphin Entertainment, Inc. announced its financial results for the third quarter ended September 30, 2026, in a Form 8-K filed on November 10, 2026. The company reported record quarterly revenue of $16.0 million, representing an 8.3% increase from the $14.8 million generated in the same period last year. For the first nine months of 2026, total revenue reached $43.3 million, a 5.4% increase compared to $41.1 million in the prior year.
On the profitability front, the company reported a net income of $0.2 million for Q3 2026, a significant improvement from a net loss of $0.4 million in Q3 2025. Income from operations also rose to $0.8 million during the quarter, up 167% from $0.3 million in the previous year. Adjusted EBITDA for the quarter was approximately $1.6 million, an increase of 42.9% from $1.1 million a year ago.
As of September 30, 2026, the company held $8.1 million in cash and cash equivalents. The company’s weighted average shares outstanding for the quarter were 13,029,555 for basic earnings per share calculations and 13,093,494 for diluted calculations.
Management highlighted several operational and strategic updates. The company anticipates launching four ventures in 2027, with at least one expected to be in market in the first quarter of the year. Additionally, Dolphin noted that its largest leases in New York and Los Angeles expire in the second half of 2027, which is expected to save more than $1 million annually. The company also stated that its primary bank term loan matures in September 2028, freeing up approximately $2.2 million annually in principal and interest payments.
Regarding its venture studio, Graviteur Studios has set Kristen Brancaccio to direct its first feature film, titled "Crush Party." Casting is currently underway, with production slated to begin in the first half of 2027.
