Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Dolphin Entertainment shares surge after signing famous faces and boosting revenue in its first quarter

Wednesday, May 16, 2018 7:09
% of readers think this story is Fact. Add your two cents.

Dolphin Entertainment Inc (NASDAQ:DLPN) shares jumped after the media company reported a substantial revenue increase in its first quarter and signed several celebrity clients.

The content producer reported earnings of US$0.07 per share on revenue of US$5.8mln compared with US$0.10 on revenue of US$532,000 in the previous year’s first quarter.

READ: Shares of Dolphin Entertainment poised to climb after company swings to profit in 2017

The Florida-based company produces online digital content, including the Aim High series starring Twilight’s Jackson Rathbone as a student by day and secret agent by night.

The company acquired marketing and public relations firm 42West LLC last year in a US$28mln deal. The firm has signed big-name clients like Empire’s Taraji P. Henson, singer Camila Cabello and comedian Marc Maron.

“The organic growth of 42West is something we hope to highlight for many quarters and years to come.  Also, as we have noted before, we have a solid pipeline for acquisitions of companies and personnel to complement 42West in public relations and marketing for celebrities and entertainment content,” said CEO Bill O’Dowd.

Shares of the company were up more than 8% to US$3.19 in early Tuesday trading.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/197121/dolphin-entertainment-shares-surge-after-signing-famous-faces-and-boosting-revenue-in-its-first-quarter-197121.html

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

Loading...

Top Global

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.