Q1 2025 Dolphin Entertainment Inc Earnings Call
Carbonara Mirta Negrini Mirta Negrini Carbonara Mirta Negrini Carbonara
Mirta Negrini Mirta Negrini Mirta Negrini Mirta Negrini
Speaker Change: And I also wondered, what is your favorite part of the show? I'd rather be the title.
Speaker Change: Please refer to the cautionary text forward looking statements contained in the earnings release published earlier today as well as the most recent SEC filings and reports.
Speaker Change: During the call today management will also discuss non-GAAP financial measures.
Including adjusted operating income or loss. The company believes that these will provide helpful information for investors reconciliations.
Reconciliations to the most comparable GAAP measures are provided in the earnings release.
Speaker Change: Now I would like to turn the call over to Bill O'dowd, Chief Executive Officer of Dolphin Bill. Please go ahead.
Bill O'dowd: Thanks, James and welcome everyone.
Speaker Change: As usual I'll start by reviewing some of the key financial and operating highlights from our first quarter and then Murdo will provide a more detailed financial overview before we open it up for Q&A.
Bill O'dowd: So starting with the financials.
Bill O'dowd: While total revenue came in at $12 2 million for the quarter compared to $15 2 million a year ago. It is important to remember that last year's Q1 included a significant contribution of $3 4 million from our Blue Angels documentary if we set that aside our core entertainment publicity and marketing revenue actually grew 2% year over year.
Bill O'dowd: Sure.
Bill O'dowd: Which is a testament to the underlying strength of our platform, especially as we manage through the lingering impact of the wildfires and a correspondingly lighter award season.
Bill O'dowd: We believe that fires impacted our 42 Western special project subsidiaries most significantly.
Bill O'dowd: Fortunately the impacts of the virus was limited Q1 for us and on a personal note. We were very fortunate that none of our team lost their homes to the buyers as we continue to give our thoughts and prayers for many of our industry colleagues, who are not so lucky.
Bill O'dowd: On the bottom line, our adjusted operating loss was approximately 600000.
Bill O'dowd: Comparable to last year, if you backed out the movie as well obviously any lost revenues from the impact of the fires flows through to our bottom line and we believe this is measured and contained result demonstrates that our cost discipline remains intact, even as we make strategic investments for future growth.
Bill O'dowd: Speaking of investments I want to highlight two areas, where we've made strategic investments in Q1 first we're big believers in the future of women's sports our women's sports management firm always Alpha co founded by the incredible Allyson Felix has taken a leadership role in this multibillion dollar and rapidly growing market are new.
Bill O'dowd: Partnership with deep Blue Sports and entertainment now positions us as the largest and most comprehensive management firm in the women's sports space. We marked this milestone and style by ringing the NASDAQ closing Bell on International Women's day, alongside some of the most inspiring women in sports that was in.
Bill O'dowd: Extremely fun moment for dolphin and really brought the momentum we are feeling to life.
Bill O'dowd: We now represent more than a dozen female athletes and sportscasters, including several Olympians and addition to Allison herself of course.
Bill O'dowd: We will continue to invest in this business throughout 2025, we wanted to expand into women's soccer and basketball with dedicated management teams for each of these two most popular women's sports in the United States in doing so we would expect that our active roster of represented athletes sportscasters will double by the end of the year.
Bill O'dowd: Second our digital Department has officially launched the dedicated affiliate marketing division as the Influencer economy continues to grow and evolve affiliate marketing is quickly becoming one of the most important revenue streams globally now estimated at over $17 billion.
Bill O'dowd: By building out this vertical or one of the rare agencies able to offer every major influencer marketing revenue stream under one roof, making us a true one stop shop for creators and brands alike.
Bill O'dowd: Just like with always also we will continue to invest in this area. We have two dozen influencers on our affiliate roster today, and we expect to more than triple that number by the end of the year in order to achieve this growth we will be hiring affiliate managers at a steady pace throughout the rest of the year as.
Bill O'dowd: As you might expect we believe that these investments will always alpha and the affiliate marketing Division of the digital Department will pay increasing dividends for us in 2026 and beyond both in revenues and profits.
Bill O'dowd: Turning to the incredible work our agencies have delivered this quarter.
Bill O'dowd: 40, West that's fantastic showing toy fair.
Bill O'dowd: Champion to clients about the Sundance Film Festival, and the South by Southwest Festival as well as the Oscars that drove major campaigns at the Super Bowl, including bringing Wayne Brady and produce winging It campaign to life and increasing media Buzz for the Puppy Bowl and DC Studios Puppy Bowl being James Carbonara favorite aspect of the Super Bowl Sunday.
Bill O'dowd: He is just a long time supporter of the Puppy Bowl, we're big supporters in general shore fire media thoughts clients win big at the Grammys celebrated longtime clients and deal offers induction into the rock and roll Hall of Fame go Cindy and orchestrated memorable superbowl moments from trombone surety and Lorne dangles pre game performance, which was awesome. So Fred.
Speaker Change: While I am in campaigns for Dove, Uber eats and more.
Speaker Change: The Dor continues to cement its authority in culinary lifestyle branding unveiling a major new chef roster and running creative Super Bowl campaigns itself like not so fast <unk> furious with Vin diesel and friends. Those trends include Michelle Rodriguez ludicrous. It was a fantastic commercial plus the cross country Das died dry.
Speaker Change: Ive activation excuse me for Haagen Dazs.
Speaker Change: The team at the door just continues to crush it lot of as you can see.
Super Bowl Activations for our PR firms speaking of RBR firms.
Speaker Change: Oh.
Speaker Change: Our newest addition to the Dolphin family service over two dozen clients across both its lifestyle and impact divisions and it's just doing great work. The digital department set a new record with our highest grossing brand edit influencer experienced in L. A past months and as mentioned earlier kicked off the new affiliate marketing division expanding our reach and the creator.
Speaker Change: Condoms.
Speaker Change: And finally special project strategically brought together top celebrities and cultural Influencers for Max Warner Brothers, and Louis the tons events, among many others I might add enhancing brand impact and residents on the content side. The Blue Angels collected another industry award for sound editing and returns of IMAX.
Speaker Change: <unk> with a stunning new three D version.
Speaker Change: In January.
Speaker Change: Our young blood feature adaptation has now completed principal photography and is tracking toward a fall festival debut.
Speaker Change: We're excited for Youngblood very much.
Speaker Change: All of this activity has not gone unnoticed, we were honored to be named agency of the year by observers 2025 PR powerless.
Speaker Change: Major milestone that validates our strategy and the depth of talent across all of our agencies.
Speaker Change: And on a personal note I continue to put my money, where my mouth is I see tremendous upside in our shares and I've started weekly purchases through at 75, one plan, which began in the first week in April after we filed our 10-K I believe our current valuation does not reflect the strength of our team our brands or our long term growth prospects.
Speaker Change: Looking ahead, we are building on a powerful foundation with clear leadership in high growth categories. We believe that our investments in women's sports and affiliate marketing or broadening our addressable market and will provide sustainable growth opportunities for us for a years ahead as we stay focused on execution and innovation.
Speaker Change: That 2025 will be another year of progress for both our clients and our shareholders.
Speaker Change: With that I'll hand, it over to <unk> for a deeper dive into the financials. Then we'll open it up for your questions.
Speaker Change: Thank you Bill and good afternoon, everyone. Let me walk you through our financial results for the first quarter ended March 31 2025.
Speaker Change: Total revenues for the quarter was $12 2 million compared to $15 $2 million for the same period in 2024.
Speaker Change: As Bill noted the year over year decrease was primarily attributable to last year's Blue Angels production revenue of $3 $4 million importantly, we exclude last year's onetime film production revenue, our core entertainment publicity and marketing segment revenue grew 2% year over year to $12 1 million.
Speaker Change: Demonstrating the underlying health and resilience of our agency businesses. Despite the impact of the Los Angeles fires and light and lighter award season wins.
Speaker Change: Operating expenses for the quarter were $13 $9 million compared to $15 $1 million. In Q1 2024. This included depreciation and amortization of approximately $600000 and nonrecurring or non cash expenses of $600000.
Speaker Change: Our operating loss for Q1, 2025 was $1 $8 million compared to operating income of $200000 in the prior year period.
Speaker Change: Adjusted operating loss was approximately $600000 for the quarter as compared to adjusted operating income for the same period in prior year of $1 million, if we reduce the revenue up $3 $4 million and the amortization of capitalized production costs of $1 $8 million as the Blue Angels.
Speaker Change: For the first quarter of 2024, our operating loss would have been approximately $600000 comparable to the first quarter of 2025.
Speaker Change: Net loss for Q1, 2025, $1 million to $3 million, including $600000 in depreciation and amortization and approximately $600000 of noncash or nonrecurring expenses.
Speaker Change: This compares to net loss of $300000 for Q1, 2024, including $600000 of depreciation and amortization and $300000 of noncash or non recurring expenses.
Speaker Change: Net loss per share was 21 cents per share based on 11.162 million 26 weighted average shares outstanding for the first quarter of 2025 compared to a net loss of <unk> <unk> per share.
Speaker Change: Based on 9 million 238913 weighted average shares outstanding for basic loss per share and 9 million 300 in 2851 weighted average shares outstanding for fully diluted loss per share for the first quarter of 2024.
Speaker Change: With that I'll now turn it back to the operator to open the floor for questions. Operator would you. Please poll for questions.
Speaker Change: Thank you at this time, we will be conducting our question and answer session.
Speaker Change: If you'd like to ask a question. Please press star one on your telephone keypad.
Speaker Change: A confirmation tone will indicate your line is in the question Keith.
Speaker Change: You May press Star two if you wish to remove your question from the queue.
Speaker Change: Participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys.
Speaker Change: One moment, please while we poll for questions.
Speaker Change: Thank you.
Speaker Change: We have a question from Alan <unk> with Maxim Group your line of sight.
Alan: Yes, hi.
Speaker Change: And always the Alpha you talked about potentially doubling the law the roster by the end of the year.
Speaker Change: And adding soccer and basketball how.
Speaker Change: A couple of things like.
Speaker Change: Talk about how how it works when you grow in terms of how to think about what did you have to invest ahead of time versus.
Speaker Change: The revenue potential and then.
Speaker Change: How to think about the opportunity in this segment. Thank you.
Speaker Change: Sure Yes.
Speaker Change: Similar businesses that we're expanding here with the affiliate marketing.
G D, which maybe intense anticipating your next question to Alan but always also as you know.
Speaker Change: Managers that will help you signed new talent, we've been signing at a very steady pace since we launched the company in October.
Speaker Change: Proud of the the roster that's been built by cause that.
Speaker Change: And Alison primarily Allyson Felix.
Speaker Change: And they've done a great job, bringing it in the talent so now to expand and keep going you need more managers and we're looking at managers that would be in those verticals of soccer and basketball because we've built a really nice practice of clients with the Olympics.
Speaker Change: <unk> excuse me.
Speaker Change: And sportscasters.
And typically when you bring in an experienced manager.
Speaker Change: Can go recruit talent athletes in this case you want to be managed by US and have a spring brand deals you know, there's a lag between us.
Speaker Change: You saw you know, you're bringing a manager or they'll sign talent they'll start signing talent hopefully week one right.
Speaker Change: Month, one certainly.
Speaker Change: And we can help them recruit that talent and then they'll start making brand deals and we'll bring brand deals to that talent and then typically in these types of endorsement deals, it's a little bit of a slower turn than an influencer marketing. So you could sign of brand deal to say get our athlete acts going to the winter Olympics to be sponsored by a pick up.
Speaker Change: Delta Airlines, and the and they'll run a campaign in Q4 and Q of this year in Q1 of next year as an example, well you know so that's all well and good and then.
Speaker Change: Of course, a bunch of course, you're recognizing that revenue and you're receiving it in Q4 and Q1 of next year. So you know there's usually on the athlete side there could be you'll start seeing some revenue in the first three to six months after bringing in a manager, but it really hits a run rate or you know.
Speaker Change: Hitting revenue targets, usually six to nine months after you make a higher I would say so as we what we talk about it in 2025 than us.
Speaker Change: You know, we're hitting our benchmarks that we wanted both in terms of the speed at which we're signing clients, which has gone very well and then of course the deals that we have in the works, but we've closed but.
Speaker Change: But if we've closed.
Speaker Change: You know our Rev.
Speaker Change: Revenue through Q1 for always out.
Speaker Change: Thank you know probably it's fair to say that.
Speaker Change: 90% of that revenue will be sometime later in 2025.
Speaker Change: And then that'll be true in Q2, two so and of course eventually you'll hit a stable.
Speaker Change: Stable revenue rate that.
Speaker Change: That should be quite profitable for you.
Speaker Change: In terms of the potential of.
Speaker Change: This division, while I mean.
Speaker Change: Sports could be easily as big as us.
Speaker Change: Yeah aspects of entertainment, how big is big So we will see as we go over the next year or two it'll be certainly be a profit center for us in the future and if we if we can take advantage. We believe are our first mover advantage.
Speaker Change: And the Great story, it's always out so I mean.
Speaker Change: Because that's a seasoned executive and Allyson Felix is a legend.
Speaker Change: So with the momentum that we can bring that business through their hard work on the brand deals laboring and then hopefully some synergies across all of our other companies that have many many brand clients.
Speaker Change: No.
Speaker Change: What what is that hopefully five years from now the preeminent women's sports athlete management firm worse.
Speaker Change: We'll find out together right but.
Speaker Change: I don't want to setup, a ceiling that may turn out to just be a floor for them that.
Speaker Change: They have great potential so.
Speaker Change: That's what we're doing in 2025 and at all it will pay big dividends for US we believe in 2026 and beyond.
Speaker Change: Thank you and so it's very clear and understandable.
Speaker Change: What's your strategy is and it's not that it's not understandable, but affiliate marketing.
Speaker Change: You could triple the Influencers, but.
Speaker Change: Is it just to explain this a little more about where ours is at targeted in particular areas or per hour or you just try to find people who are very good at it or how how does it work.
Speaker Change: Sure sure, Yeah, and it's a little bit more of a black box to some people and then say you know female soccer players people understand that right as we add soccer basketball, though.
Speaker Change: Bye.
Speaker Change: We're trying to do it responsibly the summer so when we get on Q2 by the way, we'll see what updates we havent sports field for everyone right.
Speaker Change: Affiliate marketing.
Speaker Change: Good news is that it's usually a quicker turn you can you can have a team of affiliate managers same thing you bring in talent managers and you you recruit a roster.
Speaker Change: The affiliate Influencers. The good news for US is we have a backlog of affiliate Influencers I would like to work with us and we're hiring and training affiliate managers in some cases, so we're trying to do it on a measured pace throughout the year.
Speaker Change: Bringing in a new team of managers you know, let's say every couple of months.
Eight weeks or so it takes a while to train it takes a while to add the roster upload it et cetera.
Speaker Change: But they can have a quicker turn you know it can be.
Cash positive within.
Speaker Change: Now a short shorter period of time, a couple of months after being fully ramped up.
Speaker Change: And and.
Speaker Change: Obviously.
Speaker Change: If our main roster of brand Influencers now we have over I believe over 300 creators on the roster.
Speaker Change: What's the growth potential of affiliate well right now we have you know a couple of dozen which is a fantastic sign up rates. Since we just started this in Q1.
Speaker Change: I'm, indicating to us out there that if we have.
Speaker Change: Everyone on this call can do that math right.
Speaker Change: Two dozen becomes 6000 by the end of the year or more.
Speaker Change: We're on a path in one year to having affiliate would be 25% or even 33% size of our core business that has tremendous growth in 12 months right.
Speaker Change: And I don't know that we're going to stop there so it.
Speaker Change: It will be a profit center for us by the end of the year and we're in a position to have it be a solid profit center for us in Q4, which is already our best quarter for Influencer marketing anyway, but.
Speaker Change: Affiliate marketing is also very appealing to us because it doesn't really have as much of a seasonality. So whatever we do in Q4, we can hope similarly somewhat in Q1 of next year.
Speaker Change: As it rolls through into 2026 and beyond so.
Speaker Change: We'll affiliate be as big as our core create.
Speaker Change: Create a representation business again, we need a crystal ball and let's see where we are in three to five years, but it's a meaningful it could be and there's a meaningful contributor to our bottom line at T. D D, absolutely and and and strategically it allows us to offer both services to individuals.
Speaker Change: [noise] Influencers, so I indicated on the 10-K earnings call.
Both of our companies before we merge that'd be social and social I did not offer.
<unk> services and neither do almost all of our competitors so to have that in house to go along with the brand campaigns gives us a a market advantages as the market disrupt market is settling down into half a dozen firms or so that have are positioning to be a market leader we certainly.
Speaker Change: We are one of those.
Speaker Change: We think this gives us a major competitive edge to attract very good influencers, who can make money both from brand campaigns, we bring them, but also from affiliate links. So we're excited for it and very appreciative of the hard work of the team that's building it out.
Speaker Change: But just so I can understand it a little better end up filling it influencer.
Speaker Change: Did they come with leads to prefer businesses or or or or has that generated by kind of your managers are Howard how does that work.
Speaker Change: Yeah, absolutely so.
Speaker Change: Typically what separates us and I think a misperception in the market.
Speaker Change: I'll explain what it is at first to help hopefully explain what it is right I think even people that understand influencer marketing well often don't realize that when you know the digital apartment brings insert here crocs to insert one of our top influencers to do a campaign and maybe that and plus there is going to get paid let's say 100.
Speaker Change: Dollars to post crocs products or talk about crocs products or whatever.
Campaign will consist of either on Instagram on sic talk on Youtube whatever it might be for that money.
Speaker Change: We bring the deal together to the talent and we get paid a commission on what the talent earns and typically 20%. So in that case, we get 20% or 100000.
Speaker Change: Yes.
Speaker Change: <unk> Influencer were too late.
Speaker Change: Two for their followers to be able to purchase crocs shoes typically many brands will offer commission so that influencer.
Speaker Change: That service managing the links and knowing where to link to either directly to the brand or most often through influencer sites like a shop, my or L. T. K that service, which takes a lot of back end support and also coordinating where two linked to it because of its not a brand direct than you Wanna get.
Speaker Change: You want a link to the the affiliate platform that's going to pay you. The highest commission you know one platform may be paying you 20% of the say on another platform may be paying <unk> 10 per cent of sale you want to link to the one that pays you more rates that service is called affiliate marketing.
Speaker Change: And we similar to the core service, we take 20% of whatever the creator makes on those legs of course, that's only if people buy the product through those links.
Speaker Change: So it <unk>.
Speaker Change: Influencers are very strong at both brand campaigns and in what's called converting into affiliate sales that they do affiliate links but the overwhelming majority of them closers do not do affiliate links.
Speaker Change: And some of our biggest influencers are highest earners don't do it they will.
Speaker Change: And with us offering the service.
Speaker Change: They they did turn out to be high earners.
Speaker Change: But you know it's no joke to people that that have a follower have followers that will buy what they are posting or.
Speaker Change: Be curious about what theyre, posting and click on it and go through and.
By a product they can make hundreds of thousands of dollars a month.
Speaker Change: We have one on roster currently that does that so.
Speaker Change:
Speaker Change: So it's a business we can grow so but.
Speaker Change: Many people think that you just do both at the same time, but that's just not true and the overwhelming majority of Influencers don't do affiliate.
Speaker Change: Do they not do it because they.
Speaker Change: They don't understand it or can you take your current roster of Influencers and then just kind of up sell this to them instead of.
Speaker Change: Yes, only bringing and when they present it sounds like.
Speaker Change: Like a lower cost of.
Speaker Change: Having the what you tell me yeah.
Speaker Change: Yes. It is.
Speaker Change: And as low hanging fruit to and.
Speaker Change: And why is it often isn't done because you know you could have influencers that would only make 30 40 5100 $200 a month.
Speaker Change: If there if there are follow or accounts don't typically think of them as says somebody has to click on and go through each of the Lake. However, the other thing about building that type of practice or that type of content. I should say is is that there's some backend work to it and bringing NK steel in that team and watching people that do this ever.
Speaker Change: Good day all day.
Speaker Change: It can meaningfully change even influencers that do it affiliate work you could go from making 15000, a month to making 30000 month. We've got case studies on that just that ratio within 30 days why because the influencer often doesn't have the time to shop across different platforms know how to link.
Speaker Change: Get certified to link into all these different platforms no. When the ratio changes you sit there and say Oh, Okay, Amazon pay us 20% for this pair of shoes today, that's better than a L. T K, 10% hypothetically, but then L. T. K runs a special this weekend in their offering.
Speaker Change: To clear out inventory they are offering influencers, 30% on the same pair of shoes do you switch. The link are you are you savvy to know that or Amazon can do their black Friday specials, not only do they lower the price to the consumer they pay many times inflows, there's a higher percentage of the sale. Those are those are dreams situations of your own affiliate Influencer right. So.
Speaker Change: Doing that knowing how to handle that working the links on the backend.
Speaker Change: There's a there's a lot of science to go with this art and.
Speaker Change: But if you can do it at scale and that's where having you know a leading influencer marketing agency, one with 300 creators on our roster.
Speaker Change: Now you have a you can build out this type of practice and an offer its influencers, even if their their core work their brand works.
Speaker Change: Not done with us so it's a major competitive edge and it's and it can be a selling point to our brands division or work with brands that have or want to have.
Speaker Change: Affiliate links, especially depending on the type of consumer product. They sell so you can see.
Speaker Change: You can see a flywheel, there right and having an influencer marketing agency like the digital apartment that has all four ways to make money or traditionally make money in the influencer economy between corporate creator representation affiliate marketing brand representation, which we're very proud of actually venture that team do a great job and then and then influence.
Speaker Change: So that's built into strong that's the brand at it that's the one that I mentioned in our prepared remarks, just had their highest grossing brand at a showroom to date in L. A in April let's see if Nashville, and Jr. Breaks that record.
Speaker Change: T.
Speaker Change: T D. D is that the digital apartment is definitely a growth company for us and very proud of the leadership books.
Speaker Change: Valley Grant personal Weinberg and.
Speaker Change: Boyd for that company. So that was a long answer to a short question, Alan but hopefully that answers why affiliates different than the core brand representation in how we can monetize it.
Speaker Change: Got it. Thank you and then for the movie Youngblood, you said you'd like to get it at a fall festival.
Speaker Change: Remind us what what does that mean in terms of your target for <unk>.
Speaker Change: Getting getting it in the theaters.
Speaker Change: Yeah, we're we're hoping for a February release, some next year.
Speaker Change: Peter.
Speaker Change: It's a streaming platform Premier we'll see when we go ahead and go to market.
Speaker Change:
Speaker Change: And the reason for that is you know it is.
Speaker Change: It will be time for the Winter Olympics hockey's, you're one of the most popular sports at the Winter Olympics, it's in the middle of the NHL season.
Speaker Change: The playoffs right now are very exciting.
Speaker Change: For the N H L. Its popular sports it's growing it's also the 40th anniversary of the original <unk>.
Speaker Change: So it's kind of a marketer's dream.
Speaker Change: When you have confluence of events like that so we would like that and in that time next year.
Speaker Change: And if the film is shaping up to be prepared for that because we are as I mentioned, we're editing it now.
Speaker Change:
Speaker Change: And what will in a perfect World. Just you know we would we have the film screening in Toronto, where we shot the movie I'm sure you know the Toronto Film Festival. That's that's one of the Big fall film festivals, whether it's in competition or not is not as important to us.
Speaker Change: As much as just how special screening there.
Speaker Change: And.
Speaker Change: That's also traditionally the time that.
Speaker Change: These fall festivals, whether somebody right.
Speaker Change: Our Toronto when you talk about.
Speaker Change: Kicking off the Oscar season about positioning Youngblood for Oscar, but what I am saying is you know you Ya.
Speaker Change: <unk>, whether it be studios or streaming companies streaming platforms. They they they.
Speaker Change: Often buy movies out of one of those three festivals that they will launch even before year end and make them Oscar eligible so buying something at Toronto.
Speaker Change: Which always starts of course right after labor day every year and having it ready for release in February is not considered rushed in any way they do things faster and in a normal course, so we feel good about that and hopefully at the timing that the market will allow us to text.
Speaker Change: To exercise.
Speaker Change: Yeah.
Speaker Change: Thank you.
Speaker Change: Do you have a lot of things on your plate, where would you say your top priorities are for 25.
Speaker Change: Growing always alpha, but I'm trying to make it theme of it you know on a Q Q1 earnings call because we just spoke to that to the market six weeks ago. So try and reiterate where we are you know grow always alpha because we have such an opportunity there grow the affiliate division of T. D D. Because we see such a big opportunity there.
Speaker Change: And then after that as you said.
Speaker Change: Both films.
Speaker Change: No.
Speaker Change: Yeah have a young glad ready to get the next one in the queue behind that increase the frequency of our productions because there you know if they all worked out like Blue Angels, I'll be geniuses, but blue Angels, which was very lucrative for us. We hope the same for you on blood, obviously, and then and then having them behind it and then also.
Speaker Change: Our ventures.
Speaker Change: Expanding and increasing the number of ventures, because now that the super groups been built.
Speaker Change: Now as I as I mentioned, we.
Speaker Change: We see ourselves at the starting line right not the finish line and we're starting to do what we're starting to expand and grow our services and grow our ventures and that's that's what we're going to measure whether we had a good year or a bad year. In addition to increased revenue increased profit of course are.
Speaker Change: Are we setting ourselves up for some major successes in 'twenty six 'twenty seven and that that's how we're going to measure ourselves this year.
Speaker Change: Okay.
Speaker Change:
Speaker Change: My other.
Speaker Change: Sorry, I think I mean, those are my main questions.
Speaker Change: Yeah, I mean is there anything about.
The financial outlook I know you just qualitatively I know, you're not providing specific guidance, but anything qualitatively you might want to comment on.
Speaker Change: You know I.
Speaker Change: I think I, probably alluded to it in the prepared remarks to you know our we're past it and sometimes you forget sometimes things that occur.
Speaker Change: Four months earlier.
Speaker Change: Kid from Miami, I remember Hurricanes right.
Speaker Change: They stick with you you know the people that lived through those fires are terrific and my Hearts and prayers.
Speaker Change: Excuse me go out to those affected business wise, we've had returned to normal and.
Speaker Change: We continue to work very hard, but it did have an impact on us in Q1.
Speaker Change: It's not true if I said anything different but it was no pun intended contained to within Q1 and really by early March. So you know we're excited to have kind of returned to normal in Q2 here.
Speaker Change: And going forward.
Speaker Change: You know, we expect to still have as strong a years, we haven't really thought we were going to have it start our businesses are growing.
Speaker Change: And Oh, no a loss of confidence for this full year.
Speaker Change: For us so we.
Speaker Change: We feel great honestly.
Speaker Change: And it really is a test alright.
Speaker Change: Sorry, I jumped on my own conclusion, there you know.
Speaker Change: To go up 2% and revenue.
Speaker Change: With that with that.
Speaker Change: In our in our entertainment marketing segment with that type of impact.
Speaker Change: That that's really a testament to.
Speaker Change:
Speaker Change: So the team's working very hard and recovering so and our growth.
Speaker Change: In general so.
Speaker Change: Very very proud of both the.
Speaker Change: Business development activities of our of our companies, especially those that were more affected.
Speaker Change: And the cross selling that we just continue to get stronger and stronger each successive year and so yeah I I feel very good about the rest of this year.
Speaker Change: Well. Thank you I mean your revenue.
Speaker Change: We we were guy our estimate was for $10 million in a quarter. So you came in much stronger than that so with with all the headwinds that you did have so.
Speaker Change: Good kudos to you.
Speaker Change: Okay. Thank you.
Speaker Change: Uh huh.
Speaker Change: Thank you all I appreciate the kind words at the end of it.
Speaker Change: Thank you.
Speaker Change: Okay.
Speaker Change: Thank you.
Speaker Change: We have no further questions in the queue at this time I would like to hand, it back to Mr. <unk> for any closing comments.
Speaker Change: Sure well, thank you and longtime listeners know the Q1 call as usual its shortest because we just had our big 10-K call six weeks ago, but.
Speaker Change: I always like to try and look ahead, a little bit Q2 in August.
Speaker Change: We expect to be able to provide updates on the progress, we're making and with always alpha.
Speaker Change: Soccer and basketball I will provide an update on the progress we're making with the affiliate marketing we just brought in a team number two.
Speaker Change: Started yesterday.
Speaker Change: So we'll see where we are even on team number three by the time, we get to our Q2 earnings call. We'll have an update on youngblood, Although I don't expect well, we would know where we would be.
Speaker Change: It out in the fall film festivals, when we do Q2, so that's exciting provided.
Speaker Change: <unk> provided an update for sure on our ventures work and Uh Huh.
Speaker Change: Say, where we're growing organically on the base businesses and will continue to report that but we'll judge years going forward now not just on that growth, but also on the optionality or the lottery tickets or whatever you want to call things like films or ventures, because that will certainly factor in.
Speaker Change: Future years to the valuation of dolphin as a whole as we rebuild those opportunities for ourselves so.
Speaker Change:
Speaker Change: Thank you everyone for listening in.
Speaker Change: And I appreciate the time and look forward to picking it back up.
Speaker Change: In the middle of August.
Speaker Change: In Miami at Ball me time to come down here [laughter] Okay.
Speaker Change: I will talk to everybody soon.
Speaker Change: Thank you ladies and gentlemen, this does conclude today's call you may disconnect. Your lines at this time and we thank you for your participation.