Dolphin entertainment CEO William O’Dowd buys $18,843 in common stock By Investing.com

Following this acquisition, O’Dowd now directly owns 121,493 shares. Additionally, he holds indirect ownership of 56,033 shares through Dolphin Entertainment (NASDAQ:), LLC, and 62,105 shares through Dolphin Digital Media Holdings, LLC. Both entities are wholly owned by him. The transactions reflect O’Dowd’s continued investment in Dolphin Entertainment, a company involved in personal services within the entertainment sector. With a market capitalization of $13.5 million and impressive gross profit margins of 94%, the company currently appears undervalued according to InvestingPro analysis. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into the company’s financial health and growth prospects. With a market capitalization of $13.5 million and impressive gross profit margins of 94%, the company currently appears undervalued according to InvestingPro analysis. Subscribers can access 8 additional ProTips and a comprehensive Pro Research Report for deeper insights into the company’s financial health and growth prospects.

Following this acquisition, O’Dowd now directly owns 121,493 shares. Additionally, he holds indirect ownership of 56,033 shares through Dolphin Entertainment, LLC, and 62,105 shares through Dolphin Digital Media Holdings, LLC. Both entities are wholly owned by him.

The transactions reflect O’Dowd’s continued investment in Dolphin Entertainment, a company involved in personal services within the entertainment sector.

In other recent news, Dolphin Entertainment reported a robust Q3 performance with significant year-over-year growth in revenue. The company’s Q3 revenue increased by 24.5% to reach $12.7 million, contributing to a year-to-date revenue boost of 26.6%, totaling $39.4 million. This puts Dolphin on track to exceed $50 million in full-year revenue. The firm also marked an improvement in adjusted operating income, turning a previous loss into a $492,000 gain.

Dolphin Entertainment also announced strategic advancements, including a focus on digital protection through a partnership with Loti AI and entry into the AI technology space. New initiatives include the launch of Always Alpha, a management firm for female athletes, and a successful IMAX (NYSE:) partnership for the Blue Angels film. A new shareholder rewards program is also set to launch in January 2025.

Despite these positive developments, Dolphin Entertainment reported a net loss of $8.7 million for Q3 2024. However, the company anticipates strong Q4 performance and continued growth. Dolphin’s CEO, Bill O’Dowd, plans to increase his stake in the company, indicating confidence in its future prospects.

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