Dolphin Entertainment, Inc. (NASDAQ:DLPN) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET

Company Participants

James Carbonara - IR

Bill O’Dowd - CEO

Mirta Negrini - CFO

Conference Call Participants

Allen Klee - Maxim Group

Operator

Greetings, and welcome to Dolphin Entertainment's Second Quarter 2023 Earnings Call. [Operator Instructions]. Please note that this conference is being recorded.

I will now turn the conference over to your host, James Carbonara, Investor Relations. You may begin.

James Carbonara

Thank you, operator, and once again, welcome to Dolphin Entertainment's Second Quarter 2023 Earnings Call. With me on the call are Bill O’Dowd, Chief Executive Officer; and Mirta Negrini, Chief Financial Officer.

I'd like to begin the call by reading the safe harbor statement. This statement is made pursuant to the safe harbor statement for forward-looking statements described in the Private Securities Litigation Reform Act of 1995. All statements made on this call with the exception of historical facts, may be considered forward-looking statements within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that expectations and assumptions reflected in these forward-looking statements are reasonable, it makes no assurances that such expectations will prove to have been correct. Actual results may differ materially from those expressed or implied in the forward-looking statements due to various risks and uncertainties.

For a discussion of such risks and uncertainties, which could cause actual results to differ from those expressed or implied in the forward-looking statements, please see risk factors detailed in the company's annual report on Form 10-K contained in subsequent filed reports on Form 10-Q as well as in other reports that the company files from time to time with the Securities and Exchange Commission. Any forward-looking statements included in this earnings call are made only as of the date of this call. We do not undertake any obligation to update or supplement any forward-looking statement to reflect subsequent knowledge, events or circumstances.

Now I'd like to turn the call over to Bill O’Dowd, Chief Executive Officer of Dolphin Entertainment. Bill, please proceed.

Bill O’Dowd

Thanks, James, and hi, everyone, and good afternoon, and thank you for joining us today. As always, we'll start with a review of some financial and operating highlights, followed by a full financial review and then open it up for Q&A.

So from a financial highlights perspective, revenue hit an all-time high for Q2 of $11 million. This result marks our second highest quarterly revenue performance in the company's history in any quarter, coming incredibly close to our record best $11.1 million in Q4 of last year, without the benefit of the holiday seasonality that strengthens our business every year. So we're very, very proud of the revenue results this quarter.