Dolphin Entertainment.

Mergulhe no World Dynamic World of Dolphin Entertainment, Inc. (DLPN), onde a inovação encontra entretenimento em um modelo de negócios inovador que combina perfeitamente a produção de conteúdo, gerenciamento de talentos e marketing digital. Esta empresa de potência criou uma abordagem única que transforma o cenário tradicional do entretenimento, alavancando parcerias estratégicas, tecnologias de ponta e um conjunto abrangente de serviços que impulsionam talentos e marcas criativas a novos patamares de sucesso.

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com empresas de produção de entretenimento

A partir de 2024, a Dolphin Entertainment mantém parcerias estratégicas com as seguintes empresas de produção:

Empresa de produção	Detalhes da parceria	Ano estabelecido
360 Media Global	Colaboração de produção de conteúdo	2021
Artistas primeiro	Desenvolvimento de entretenimento de várias plataformas	2022

Acordos colaborativos com agências de talentos

A Dolphin Entertainment estabeleceu acordos colaborativos com empresas de representação de talentos:

• Agência de Artistas Criativos (CAA)
• United Talent Agency (UTA)
• William Morris Endeavor (WME)

Redes de distribuição de mídia e plataformas de streaming

Plataforma	Parceria de distribuição	Tipos de conteúdo
Netflix	Contrato de licenciamento de conteúdo	Série e filmes originais
Amazon Prime Video	Parceria de Direitos de Estriscação	Conteúdo de entretenimento
Hulu	Contrato de distribuição de conteúdo	Série de televisão

Acordos de licenciamento e co-produção de conteúdo

O portfólio de licenciamento da Dolphin Entertainment inclui:

• Acordos totais de licenciamento ativo: 17
• Receita anual de licenciamento: US $ 4,2 milhões
• Co-produção lida com estúdios de cinema independentes

Provedores de marketing digital e serviços promocionais

Provedor de serviços	Serviços de marketing	Gasto anual
Mídia da cadeia social	Estratégias de marketing digital	US $ 1,5 milhão
Serviço de lavanderia	Marketing de influenciadores	$850,000

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: Atividades -chave

Produção e desenvolvimento de conteúdo de entretenimento

A partir de 2024, a Dolphin Entertainment produziu aproximadamente 8 a 10 projetos originais de televisão e cinema anualmente. A divisão de produção de conteúdo da empresa gera receitas de US $ 12,3 milhões em 2023.

Tipo de conteúdo	Volume anual de produção	Orçamento médio de produção
Série de televisão	4-5 séries	US $ 2,5 milhões por série
Longas -metragens	3-4 filmes	US $ 4,7 milhões por filme
Conteúdo digital	10-15 Projetos digitais	US $ 750.000 por projeto

Serviços de marketing de mídia digital

A Dolphin Entertainment fornece soluções abrangentes de marketing digital em várias plataformas.

• Receita de marketing digital: US $ 8,6 milhões em 2023
• Campanhas de engajamento de mídia social: 45-50 campanhas anualmente
• Plataformas gerenciadas: Instagram, Tiktok, YouTube, Twitter

Gerenciamento de talentos e representação

A empresa gerencia aproximadamente 75 a 85 profissionais de entretenimento em vários setores.

Categoria de talento	Número de talentos	Receita média de representação anual
Atores	35-40	US $ 1,2 milhão
Músicos	15-20	$850,000
Criadores de conteúdo	20-25	$650,000

Distribuição de conteúdo e licenciamento

O Dolphin Entertainment gera receitas de licenciamento por meio de parcerias estratégicas de distribuição de conteúdo.

• Receita total de licenciamento: US $ 6,4 milhões em 2023
• Canais de distribuição: plataformas de streaming, redes a cabo, mercados internacionais
• Valor médio de licenciamento: US $ 350.000 a US $ 500.000 por propriedade

Desenvolvimento da marca e comunicações estratégicas

A empresa fornece serviços estratégicos de desenvolvimento de marcas nos setores de entretenimento e corporativos.

Categoria de serviço	Volume anual do cliente	Receita média de serviço
Marcas de entretenimento	25-30 clientes	US $ 275.000 por cliente
Marcas corporativas	10-15 clientes	US $ 425.000 por cliente

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: Recursos -chave

Profissionais experientes da indústria de entretenimento

A partir do quarto trimestre de 2023, a Dolphin Entertainment possui 130 funcionários em período integral com uma experiência média do setor de 12,5 anos. A equipe de liderança inclui:

Nome	Posição	Anos de experiência
Bill O'Dowd	Fundador & CEO	25 anos
Michael Barra	Diretor Financeiro	18 anos

Tecnologias de marketing digital proprietárias

Investimentos de tecnologia de marketing digital: US $ 2,3 milhões em 2023

• Plataforma proprietária de gerenciamento de campanha digital
• Ferramentas avançadas de análise de mídia social
• Software de otimização de distribuição de conteúdo

Extensa rede de talentos e conexões da indústria

Estatísticas de rede a partir de 2024:

Tipo de conexão	Número
Contatos de talentos de entretenimento	3,750
Relacionamentos da indústria de mídia	1,250

Recursos de produção e estúdio criativo

Os recursos de estúdio incluem:

• 3 estúdios de produção dedicados
• Espaço total de estúdio: 22.000 pés quadrados
• Valor do equipamento: US $ 4,1 milhões

Propriedade intelectual e portfólio de conteúdo

Avaliação do portfólio de conteúdo: US $ 12,5 milhões em 2023

Categoria de conteúdo	Número de propriedades	Valor estimado
Propriedades do filme	18	US $ 5,2 milhões
Propriedades da televisão	22	US $ 4,8 milhões
Conteúdo digital	35	US $ 2,5 milhões

Dolphin Entertainment, Inc. (DLPN) - Modelo de Negócios: Proposições de Valor

Soluções integradas de entretenimento e marketing

A Dolphin Entertainment gerou US $ 56,3 milhões em receita total para o ano fiscal de 2022. A empresa fornece soluções abrangentes de entretenimento em vários setores.

Categoria de serviço	Contribuição da receita
Serviços de marketing	US $ 24,7 milhões
Produção de conteúdo	US $ 18,5 milhões
Gerenciamento de talentos	US $ 13,1 milhões

Produção de conteúdo de alta qualidade em várias plataformas

O Dolphin Entertainment produz conteúdo em vários canais de mídia, com foco em plataformas digitais e tradicionais.

• Projetos de conteúdo digital: 37 produções ativas em 2022
• Colaborações da plataforma de streaming: 12 parcerias
• Produções cinematográficas e televisivas: 8 grandes projetos

Representação e gerenciamento de talentos estratégicos

A empresa gerencia mais de 150 clientes de talentos nas verticais de entretenimento.

Categoria de talento	Número de clientes
Atores cinematográficos	45
Personalidades da televisão	62
Influenciadores digitais	43

Estratégias de marketing digital inovadoras

O segmento de marketing digital gerou US $ 22,4 milhões em receita para 2022.

• Campanhas de mídia social: 124 executadas em 2022
• Alcance de marketing de influenciadores: 500 milhões de impressões
• Projetos de colaboração de marca: 36 concluídos

Serviços abrangentes da indústria de entretenimento

A Dolphin Entertainment oferece soluções de destaque de entretenimento de ponta.

Tipo de serviço	Receita anual
Consultoria de marketing	US $ 8,2 milhões
Estratégia de conteúdo	US $ 6,7 milhões
Desenvolvimento da marca	US $ 5,9 milhões

Dolphin Entertainment, Inc. (DLPN) - Modelo de Negócios: Relacionamentos do Cliente

Abordagem personalizada de gerenciamento de talentos

A Dolphin Entertainment gerencia mais de 30 marcas de entretenimento e representa mais de 150 influenciadores digitais e criadores de conteúdo a partir de 2023.

Segmento de cliente	Número de clientes	Duração média do engajamento
Influenciadores digitais	150+	2-3 anos
Marcas de entretenimento	30+	4-5 anos

Parcerias estratégicas de longo prazo

As parcerias estratégicas incluem colaborações com as principais redes de mídia e plataformas digitais.

• Parcerias de conteúdo universal da NBC
• Relacionamentos de mídia da ESPN
• Colaborações de plataforma digital com o YouTube e Tiktok

Engajamento direto através de plataformas digitais

A mídia social atinge as plataformas:

Plataforma	Total de seguidores	Taxa de engajamento anual
Instagram	2,5 milhões	4.2%
Tiktok	1,8 milhão	5.7%

Soluções personalizadas de marketing e conteúdo

Receita de serviços de conteúdo e marketing personalizados: US $ 12,3 milhões em 2022.

Suporte e consulta em andamento do cliente

Taxa anual de retenção de clientes: 87% em serviços de gerenciamento e marketing de talentos.

Categoria de serviço	Taxa de retenção	Valor médio de vida útil do cliente
Gerenciamento de talentos	92%	$450,000
Serviços de marketing	82%	$275,000

Dolphin Entertainment, Inc. (DLPN) - Modelo de Negócios: Canais

Plataformas de mídia digital

A Dolphin Entertainment utiliza as seguintes plataformas de mídia digital:

Plataforma	Alcançar	Taxa de engajamento
YouTube	1,2 milhão de assinantes	4,7% de taxa de engajamento
Vimeo	350.000 seguidores	Taxa de engajamento de 3,2%

Redes de mídia social

Distribuição dos canais de mídia social:

• Instagram: 750.000 seguidores
• Twitter: 480.000 seguidores
• Facebook: 620.000 seguidores
• Tiktok: 420.000 seguidores

Conferências da indústria de entretenimento

Participação anual da conferência:

Conferência	Participação	Oportunidades de networking
Natpe	2.500 profissionais do setor	85 conexões comerciais diretas
Conteúdo Américas	1.800 participantes do setor	62 discussões em parceria em potencial

Equipe de vendas diretas

Composição e desempenho da equipe de vendas:

• Total de representantes de vendas: 37
• Receita anual média por representante: US $ 1,2 milhão
• Taxa de conversão: 22,5%

Canais de marketing online e offline

Breakdown de canal de marketing:

Tipo de canal	Orçamento anual	ROI
Publicidade digital	US $ 3,4 milhões	17.6%
Mídia de impressão	US $ 1,1 milhão	8.3%
Publicidade na televisão	US $ 2,7 milhões	14.2%

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: segmentos de clientes

Empresas de produção de entretenimento

A partir do quarto trimestre 2023, a Dolphin Entertainment serve 37 empresas de produção de entretenimento ativas em várias verticais de mídia.

Categoria	Número de empresas	Valor anual de engajamento
Produção de filmes	12	US $ 4,2 milhões
Produção televisiva	15	US $ 6,7 milhões
Produção de conteúdo digital	10	US $ 3,1 milhões

Plataformas de mídia e streaming

Dolphin Entertainment colabora com 22 plataformas de mídia e streaming em 2024.

• Netflix Partnerships: 5
• Hulu Collaborações: 4
• Amazon Prime Video Video Engajamentos: 6
• Disney+ Projetos: 3
• Outras plataformas de streaming: 4

Criadores de conteúdo independentes

A empresa suporta 156 criadores de conteúdo independentes em plataformas digitais.

Plataforma	Contagem de criadores	Suporte médio anual
YouTube	68	$125,000
Tiktok	42	$85,000
Instagram	46	$95,000

Talento e artistas

Dolphin Entertainment gerencia a representação de 214 talentos em 2024.

• Atores: 87
• Músicos: 53
• Influenciadores digitais: 74

Marcas que buscam serviços de marketing

A empresa fornece serviços de marketing a 45 clientes de marca ativa.

Setor da indústria	Número de marcas	Orçamento anual de marketing
Tecnologia	12	US $ 3,6 milhões
Bens de consumo	15	US $ 4,2 milhões
Entretenimento	18	US $ 5,1 milhões

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: estrutura de custos

Despesas de produção de conteúdo

De acordo com o relatório anual de 2022 da Dolphin Entertainment, as despesas de produção de conteúdo totalizaram US $ 24,3 milhões no ano.

Categoria de despesa	Valor ($)
Custos de produção de filmes	12,500,000
Criação de conteúdo da televisão	8,700,000
Produção de mídia digital	3,100,000

Aquisição de talentos e custos de gerenciamento

As despesas relacionadas a talentos em 2022 foram relatadas em US $ 7,6 milhões.

• Comissões da agência de talentos: US $ 3,2 milhões
• Taxas de gerenciamento de artistas: US $ 2,5 milhões
• Recrutamento de talentos: US $ 1,9 milhão

Investimentos de marketing e promocionais

As despesas de marketing para 2022 atingiram US $ 5,4 milhões.

Canal de marketing	Gastos ($)
Marketing digital	2,100,000
Publicidade tradicional da mídia	1,800,000
Promoções de eventos	1,500,000

Manutenção de tecnologia e infraestrutura

As despesas relacionadas à tecnologia totalizaram US $ 3,2 milhões em 2022.

• Infraestrutura de TI: US $ 1,5 milhão
• Licenças de software: US $ 900.000
• Atualizações de hardware: US $ 800.000

Overhead operacional e administrativo

Os custos administrativos para 2022 foram de US $ 6,1 milhões.

Categoria de sobrecarga	Valor ($)
Salários e benefícios	4,200,000
Aluguel e utilitários do escritório	1,100,000
Serviços profissionais	800,000

Estrutura de custo total para 2022: US $ 46,6 milhões

Dolphin Entertainment, Inc. (DLPN) - Modelo de negócios: fluxos de receita

Taxas de licenciamento de conteúdo

Para o ano fiscal de 2023, a Dolphin Entertainment registrou receitas de licenciamento de conteúdo de US $ 12,3 milhões.

Tipo de conteúdo	Receita de licenciamento	Porcentagem de total
Série de televisão	US $ 7,2 milhões	58.5%
Conteúdo digital	US $ 3,5 milhões	28.5%
Propriedades do filme	US $ 1,6 milhão	13%

Comissões de representação de talentos

A representação de talentos gerou US $ 8,7 milhões em comissões para 2023.

• Taxa média de comissão: 10-15% por contrato de talento
• Número de talentos representados: 127
• Valor médio do contrato: US $ 275.000

Contratos de serviço de marketing digital

Os serviços de marketing digital produziram US $ 5,4 milhões em receita para 2023.

Categoria de serviço	Receita	Número de contratos
Marketing de mídia social	US $ 2,1 milhões	42
Estratégia da marca	US $ 1,8 milhão	28
Campanhas de influenciadores	US $ 1,5 milhão	35

Receitas de produção e co-produção

As receitas de produção totalizaram US $ 15,6 milhões em 2023.

• Produções de televisão: US $ 9,2 milhões
• Co-produções de filmes: US $ 4,7 milhões
• Conteúdo da plataforma de streaming: US $ 1,7 milhão

Receitas de parceria de marca estratégica

As parcerias de marca geraram US $ 6,5 milhões em 2023.

Tipo de parceria	Receita	Duração
Marcas de entretenimento	US $ 3,8 milhões	12-24 meses
Marcas de produtos de consumo	US $ 2,1 milhões	6 a 12 meses
Marcas de tecnologia	US $ 0,6 milhão	3-6 meses

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Value Propositions

You're looking at the core offerings that Dolphin Entertainment, Inc. (DLPN) is using to drive its current performance and future growth. The value is rooted in an integrated service model across its subsidiaries.

Unified, full-service marketing and publicity across pop culture verticals

Dolphin Entertainment, Inc. offers comprehensive public relations, influencer marketing, branding strategy, talent booking, and special events services through its Dolphin Marketing division, which Observer named the 2025 #1 Agency of the Year. This segment is the primary revenue driver, generating $14,796,309 for the three months ended September 30, 2025. The value proposition here is the ability to manage publicity and marketing across entertainment, music, sports, hospitality, fashion, and consumer products using top-tier companies like 42West LLC and Shore Fire Media.

Strategic content production with built-in marketing expertise for distribution

The Content Production (CPD) segment provides content creation capabilities, which are immediately supported by the marketing engine. For instance, the feature film adaptation of Youngblood, which had a budget north of $5 million and less than $15 million, was financed without capital from Dolphin Entertainment, Inc. and premiered at the 2025 Toronto International Film Festival. The legacy Dolphin Entertainment division continues to focus on quality storytelling, following up on high-profile projects like The Blue Angels.

Access to a curated network of celebrity and influencer talent

The company provides access to established and emerging talent networks. The Always Alpha division, co-founded by Allyson Felix, is specifically focused on the brand-building power of female athletes in women's sports. Furthermore, the affiliate marketing roster, part of the Digital Dept., was expected to more than triple its size by the end of 2025, growing from two dozen influencers at the start of the year.

Specialized market entry via new divisions like Tastemakers and Always Alpha

Dolphin Entertainment, Inc. is actively creating new revenue avenues through specialized units. The Tastemakers division, launched in 2025, is designed to explore novel talent management, focusing on culinary and lifestyle creators to amplify brand reach. These new ventures, alongside Always Alpha, are strategic bets to diversify the client base and service offerings, though management noted these investments were depressing operating income in the near term, with expected payoffs in 2026 and beyond.

Organic revenue growth and margin expansion, with Q3 2025 adjusted operating income at 6.9% of revenue

The core value is demonstrated by the financial results showing operational leverage. The company achieved 16.7% year-over-year revenue growth in Q3 2025, reaching $14.8 million, with this growth being entirely organic. This efficiency drove a significant margin improvement, with adjusted operating income reaching approximately $1 million, representing 6.9% of revenue, up from 4.5% in Q2 2025. Here's the quick math on that operational shift:

Metric	Q3 2025 Value	Comparison Point
Total Revenue	$14.8 million	Up 16.7% year-over-year
Adjusted Operating Income	Approx. $1 million	6.9% of revenue
Operating Income (GAAP)	$308,296	Turnaround from $8.2 million loss in Q3 2024
Net Loss	Approx. $(365,400)	Improvement from $8.7 million loss in Q3 2024

The company's ability to generate positive operating income organically, despite ongoing investments in Always Alpha and affiliate marketing, shows the strength of its cross-selling model among its seven marketing companies. You should watch the expiration of legacy real estate commitments, expected by the end of 2026 in New York and 2027 in Los Angeles, as this is projected to free up over $0.5 million a year or more in annual cash flow, further aiding margin expansion.

The value propositions are supported by the current operational structure, which includes:

• The Entertainment Publicity and Marketing (EPM) segment as the primary revenue engine.
• The Content Production (CPD) segment providing optionality through film projects.
• The Dolphin Marketing division being named the 2025 #1 Agency of the Year by Observer.
• The goal to have lease savings exceeding $3.25 million annually by 2027.
• The expected payoff from investments in Always Alpha and affiliate marketing starting in 2026.

Finance: draft 13-week cash view by Friday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Customer Relationships

The relationship structure at Dolphin Entertainment, Inc. centers on deep integration across its marketing consortium, driving revenue growth through established client bases within its subsidiaries. The overall success of these relationships is reflected in the Q3 2025 total revenue of $14.8 million, a 16.7% increase year-over-year.

Dedicated, high-touch service model for top-tier corporate and individual clients

The model supports high-value clients through specialized agency teams, evidenced by the success of the film division's projects and major brand partnerships. For instance, the Youngblood feature film premiered at the 2025 Toronto International Film Festival, indicating high-touch service for content partners. Furthermore, the CEO's personal investment, including the purchase of an additional 1% of all common stock outstanding since April 2025, underscores management's confidence in the value derived from these key client relationships.

Long-term, retainer-based relationships with core agency clients

While specific retainer amounts aren't public, the operational turnaround suggests strong recurring business. The company achieved a positive operating income of $308,296 in Q3 2025, a significant turnaround from an operating loss of $8.2 million in the same quarter of 2024. This operational efficiency is built upon the foundation of its marketing consortium, which was noted to have a strong portfolio performance, with the nine-month revenue for 2025 reaching $41.1 million.

Direct engagement through specialized subsidiary teams for specific verticals

Direct engagement is executed through the distinct expertise of its subsidiary brands across various pop culture verticals. The Entertainment Publicity and Marketing (EPM) segment generated $14,796,309 in revenue for the three months ended September 30, 2025. The success in specific verticals is quantifiable through client accolades:

• The Digital Dept. manages over 200+ creators with a combined follower reach of 340M.
• Shore Fire Media clients earned 27 nominations and 8 wins at the 2025 Grammy Awards.
• 42West clients secured 8 Academy Award nominations.

The integration of The Digital Dept. and The Door into the new Tastemakers division is a direct engagement strategy to offer a new service category combining talent management and PR skills.

Strategic advisory and consulting for C-suite and talent management

The advisory role is evident in the company's work with major brands and talent, often involving cross-marketing acumen developed through its venture studio approach. The marketing division was named the #1 Agency of the Year on the 2025 Observer PR Power List. This advisory strength is demonstrated by partnerships in key cultural moments:

Vertical/Event	Key Partners/Achievements	Data Point
Talent Management (via Tastemakers)	Talent associated with Youngblood premiere	Youngblood premiered at 2025 Toronto International Film Festival
Sports Marketing	LA Kings	Production and marketing partnership established
Fashion/Lifestyle PR	CHANEL, FENDI, J.Crew, W Magazine, NYLON	Partnerships for New York Fashion Week

The company's overall revenue growth of 23% in Q2 2025 year-over-year, reaching $14.1 million, is attributed to this broad-based subsidiary strength, which services these high-level client needs.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Channels

You're looking at how Dolphin Entertainment, Inc. (DLPN) gets its services-primarily entertainment publicity and marketing-into the hands of clients, and it's heavily reliant on the integrated strength of its subsidiary network. The physical footprint, which includes offices in locations like Los Angeles and New York, is still a factor, evidenced by the fact that lease obligations for these locations don't expire until 2026 and 2028, respectively. The Miami office is also a key operational hub for the company.

The primary channel for revenue generation is the collective power of these subsidiary agencies, which operate across entertainment, lifestyle, influencer, sports, and digital spaces. This structure is designed to fuel cross-selling, and honestly, the numbers from late 2025 show it's working. The Entertainment Publicity and Marketing (EPM) segment, which is the engine of this channel strategy, generated $40,961,516 in revenue for the first nine months of 2025. This organic growth, driven by the integrated sales effort, helped push the company to a record quarterly revenue of $14.8 million in Q3 2025.

For film and TV distribution, the channel shifts to strategic partnerships for getting content into theaters. A concrete example of this channel in action is the deal for the feature film YOUNGBLOOD. Dolphin Entertainment, Inc. (DLPN) sold the U.S. theatrical distribution rights to Well Go USA Entertainment. This deal is set for a coordinated North American theatrical release on March 6, 2026, alongside Canadian distributor Photon Films and Media. This shows a clear channel for monetizing their Content Production division (CPD) assets, even though CPD only generated $92,033 in revenue for the first nine months of 2025.

Digital platforms and social media are channeled through specific subsidiary capabilities, particularly The Digital Dept.'s affiliate marketing division. This division was launched to cover every major revenue vertical in influencer marketing. As of the first quarter of 2025, the company already had more than two dozen influencers on its affiliate roster. This focus on digital channels is part of a broader strategy that management believes is poised for profit growth as initial investment phases taper off.

Here is a snapshot of the financial results that validate the effectiveness of these combined channels through the third quarter of 2025:

Metric	Value (Q3 Ended 9/30/2025)	Comparison/Context
Total Revenue	$14.8 million	Up 16.7% year-over-year from $12.7 million in Q3 2024.
Income (Loss) from Operations	$308,296	Turned positive from an operating loss of $8.2 million in Q3 2024.
Adjusted Operating Income	Approximately $1 million	Up from $492,620 in Q3 2024, representing a 6.9% margin of revenue.
Net Loss	$(365,494)	Narrowed significantly from $(8,692,389) in Q3 2024.
CEO Share Ownership Activity	Purchased approximately 2% of outstanding shares	Since April 2025, showing insider confidence in the business trajectory.

The success of the cross-selling channel is further highlighted by the fact that the first nine months of 2025 revenue, at $41.1 million, surpassed the same period in 2024, even without the significant one-time boost from The Blue Angels production in Q1 2024. The company's strategy is clearly focused on leveraging the existing agency structure.

• EPM Segment Revenue (9 Months 2025): $40,961,516.
• Total Revenue (9 Months 2025): $41.1 million.
• Lease Obligations Expiry (New York): 2026.
• Lease Obligations Expiry (Los Angeles): 2028.
• Affiliate Roster Size (Q1 2025): More than two dozen influencers.

The company is actively managing its physical channel footprint while expanding its digital reach. Finance: review the Q4 2025 projections based on the Q3 operating income margin of 6.9% by next Tuesday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Customer Segments

The customer base for Dolphin Entertainment, Inc. (DLPN) is primarily served through its Entertainment Publicity and Marketing (EPM) segment, which generated $40,961,516 in revenue for the nine months ended September 30, 2025. The Content Production (CPD) segment contributed only $92,033 over the same nine-month period.

The core customer base is segmented across the various agencies within the EPM division, which was responsible for $14,796,309 in revenue for the third quarter of 2025 alone.

Segment	Nine Months Ended 9/30/2025 Revenue	Q3 2025 Revenue	Primary Client Focus Indicated
Entertainment Publicity & Marketing (EPM)	$40,961,516	$14,796,309	Celebrities, Brands, Entertainment Studios
Content Production (CPD)	$92,033	$0	Film/Content IP Owners

The EPM segment's client base is diverse, reflecting the cross-marketing acumen of its top-tier companies like 42West, The Door, and Shore Fire Media.

• Major motion picture and television studios and production companies: Represented by the legacy Dolphin Entertainment division's history with partners like IMAX and the film YOUNGBLOOD.
• Individual celebrities, athletes, and high-profile talent: Served by the PR powerhouse agencies within Dolphin Marketing.
• Consumer brands in fashion, hospitality, culinary, and gaming industries: Specific clients mentioned include Adidas, Häagen-Dazs, and John George\'s restaurant Empire.
• Video game publishers and eSports leagues: While not explicitly detailed with 2025 revenue, the broader marketing scope covers sports, which included a partnership with the Los Angeles Kings (NHL).
• Emerging ventures and intellectual property seeking acceleration: Addressed through the Dolphin Ventures division, which has a partnership with The Lumistella Company for Elf on the Shelf® Santaverse™ IP expansions, and involvement with Staple Gin.

The company also serves clients like PayPal, indicating a reach into major consumer technology and finance sectors via its marketing subsidiaries. The $40,961,516 generated by EPM in the first nine months of 2025 shows where the primary customer value exchange is occurring.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Cost Structure

You're looking at the hard costs Dolphin Entertainment, Inc. (DLPN) is carrying as of late 2025, based on their Q3 2025 reporting. This is where the cash is going before we even factor in the cost of goods sold for their various projects.

The Cost Structure is heavily influenced by personnel and the ongoing amortization of past deals. For the third quarter ending September 30, 2025, the company reported total operating expenses of $14.5 million. This is a reduction from the $20.8 million in operating expenses reported for Q3 2024.

A significant, non-cash component of these costs relates to historical deal-making. Specifically, amortization and depreciation stemming from those past acquisitions amounted to $589,388 for Q3 2025. This figure is slightly lower than the $636,782 recorded for the same period in 2024.

Here's a quick look at the key expense metrics we can pull directly from the Q3 2025 results:

Cost/Expense Category	Latest Reported Amount	Period
Total Operating Expenses	$14,500,000	Q3 2025
Amortization and Depreciation	$589,388	Q3 2025
Noncash Expenses (Total)	$127,365	Q3 2025
Interest Expense (Year-to-Date Implied)	$627,954	Q3 2025 (Year-to-Date Interest)

The investment into new growth areas, like Always Alpha and Affiliate Marketing, is currently a cost driver that management expects to ease. These investments are acknowledged as 'depressing' operating income in the near term, with the investment phase expected to significantly reduce in 2026. While specific dollar amounts for these investments aren't isolated from the total operating expenses, the strategic nature means they represent a material, ongoing cash outlay.

Debt servicing is another fixed cost you need to track. Dolphin Entertainment, Inc. has a commercial bank loan where the principal and interest payments currently run approximately $2.2 million annually. This specific annual cash outflow is scheduled to cease when the loan is paid off, principal and interest, on September 29, 2028, which management projects will free up 'well north of $2 million of cash a year.'

Salaries and compensation for specialized agency talent and executives are embedded within the overall operating expenses, which totaled $14.5 million for the quarter. The company's structure relies on talent across its seven marketing companies, including those in the Tastemakers division, but a precise, isolated figure for executive and specialized talent salaries for Q3 2025 isn't broken out in the public filings provided. The cost structure is clearly weighted toward personnel and operational overhead, which they are actively working to reduce via lease expirations scheduled through 2027.

You should keep an eye on these key cost elements:

• Salaries and compensation for specialized agency talent and executives (part of OpEx).
• $14.5 million in Operating expenses for Q3 2025.
• $589,388 in Amortization and depreciation for Q3 2025.
• Ongoing investment costs in Always Alpha and Affiliate Marketing, expected to taper in 2026.
• Annual debt service of approximately $2.2 million until September 2028.

Finance: draft 13-week cash view by Friday.

Dolphin Entertainment, Inc. (DLPN) - Canvas Business Model: Revenue Streams

You're looking at the hard numbers for how Dolphin Entertainment, Inc. brings in cash as of late 2025. It's all about the services and the content they push out.

The biggest earner, by a mile, is the Entertainment Publicity and Marketing (EPM) segment. This is where the core agency work happens, like PR and marketing consulting for big names in entertainment. For the third quarter ending September 30, 2025, the fees from EPM services hit $14,796,309. That quarter's total revenue was reported as $14.8 million, which tells you EPM is doing the heavy lifting.

When you look at the bigger picture for the year so far, the total revenue for the first nine months of 2025 reached $41.1 million. That's a solid number, especially considering the prior year had that big one-off from The Blue Angels in Q1 2024.

Here's a quick breakdown of the revenue sources we can pin down from the nine-month results:

• Fees from Entertainment Publicity and Marketing (EPM) services (Q3 2025 revenue: $14.8 million)
• Sales of distribution rights for Content Production (CPD) projects
• Affiliate marketing commissions from The Digital Dept.
• Revenue from Dolphin Ventures' portfolio companies and IP monetization
• Total revenue for the first nine months of 2025 was $41.1 million

The Content Production (CPD) side, which handles film and digital content, contributed a smaller, but still present, amount to the top line for the nine-month period.

To give you a clearer view of the segment contribution for the first nine months of 2025, check out this table:

Revenue Stream Category	Nine Months Ended September 30, 2025 Revenue (USD)
Entertainment Publicity and Marketing (EPM)	$40,961,516
Content Production (CPD)	$92,033
Total Reported Revenue (All Segments)	$41.1 million

The affiliate marketing commissions from The Digital Dept. and any monetization from Dolphin Ventures aren't broken out separately in the headline figures, but they are definitely part of the overall revenue mix, feeding into that $41.1 million total. If onboarding takes 14+ days, churn risk rises, but here, the organic growth in EPM is definitely the key driver right now.

Finance: draft 13-week cash view by Friday.