The Zacks Audio Video Production industry participants are concentrating on the premium segment of the branded products market for business growth. Panasonic Holdings Corporation (PCRFY) , Dolby Laboratories (DLB) and Sonos (SONO) and are likely to benefit from investments in cutting-edge technology solutions that create better communication experiences. Easing supply chain issues is likely to aid the performance of these companies. However, in the near term, muted consumer demand amid a weak macroeconomic ...

Dolby Laboratories (DLB) reported $315.57 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.8%. EPS of $1.01 for the same period compares to $1.11 a year ago.The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $310.98 million. With the consensus EPS estimate being $0.89, the EPS surprise was +13.48%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Dolby Laboratories, Inc (DLB) reported first-quarter fiscal 2024 results, with non-GAAP earnings per share (EPS) of $1.01 compared with $1.11 reported in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of 89 cents.Total revenues were $315.6 million, lower than $334.9 million in the year-ago quarter. However, the top line surpassed the Zacks Consensus Estimate by 1.5%.The company announced a dividend of 30 cents per share, payable on Feb 22, 2024, to shareholders of record as o ...

Dolby Laboratories, Inc. (NYSE:DLB) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET Company Participants Peter Goldmacher - Vice President of Investor Relations Kevin Yeaman - Chief Executive Officer Robert Park - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Steven Frankel - Rosenblatt Securities James Goss - Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal Fi ...

Dolby Laboratories (DLB) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.48%. A quarter ago, it was expected that this creator and licensor of audio, video and voice technologies would post earnings of $0.52 per share when it actually produced earnings of $0.65, delivering a surpri ...

Revenue Generation - Dolby Laboratories generates revenue primarily from licensing audio technologies, with approximately 19,900 issued patents related to these technologies as of December 29, 2023[148]. - The revenue composition for the fiscal quarter ended December 29, 2023 shows Broadcast at 38%, Mobile at 12%, CE at 18%, PC at 10%, and Other at 22%[151]. - Dolby aims to broaden its technologies into new content types such as music, gaming, and live sports, which is expected to drive revenue growth[166]. - The company has various licensing models, including a two-tier licensing model and a patent licensing model, to optimize revenue generation from its technologies[152]. - Dolby Cinema partnerships generate revenue through a share of box office receipts, recognized as licensing revenue[159]. - Licensing revenue is primarily driven by the adoption of foundational audio technologies, with revenue expected to reflect market trends in device shipments[167]. - Licensing revenue for Q1 2024 was $293.8 million, a decrease of 5% from $308.0 million in Q1 2023, representing 93% of total revenue[199]. - Gross margin for licensing decreased to $278.0 million, down 6% from $294.7 million, with a gross margin percentage of 95%[199]. - Products and services revenue fell to $21.8 million, a decline of 19% from $26.9 million, accounting for 7% of total revenue[203]. Market Expansion - The company is expanding its addressable market by offering solutions for real-time digital experiences, which stream high-quality audiovisual content with ultra-low latency[147]. - Major streaming partners like Netflix and Disney+ continue to enhance content in Dolby formats, driving strong adoption across devices[169]. - Dolby.io aims to expand its addressable market by providing solutions for real-time digital experiences, although it remains uncertain when it will become a material revenue driver[191]. - The automotive industry is adopting Dolby technologies, with recent announcements from brands like Mercedes-Benz and Zeeker supporting Dolby Atmos[182]. Economic Impact - Macroeconomic conditions, including inflation and reduced consumer spending, have negatively impacted the financial results and revenue generation of Dolby Laboratories[165]. - Consumer demand for cinema products is influenced by box office performance and economic conditions, with potential negative impacts from inflation and recession[190]. - Geopolitical challenges, including trade protection measures and changes in diplomatic relationships, may impact licensing revenue across all markets[173]. Financial Performance - Research and development expenses increased by 4% to $67.0 million, representing 21% of total revenue[206]. - General and administrative expenses rose by 9% to $65.2 million, making up 21% of total revenue[212]. - Restructuring charges amounted to $6.1 million, a significant increase from a $(0.2) million charge in the previous year, representing 2% of total revenue[216]. - Other income increased by 148% to $14.6 million, primarily due to higher interest income and gains from equity investments[218]. - The effective tax rate decreased to 16.4% from 20.5% in the prior year, influenced by higher benefits from foreign operations[221]. Cash and Investments - As of December 29, 2023, cash and cash equivalents totaled $656.8 million, down from $745.4 million at the end of September 2023[224]. - The company had cash and cash equivalents of $656.8 million and short and long-term investments totaling $233.7 million[239]. - The weighted-average credit quality of the investment portfolio was AA- with a weighted-average maturity of approximately ten months as of December 29, 2023[239]. - Hypothetical changes in interest rates of 1% and 0.5% would impact the carrying value of the investment portfolio by approximately $1.7 million and $0.8 million, respectively[240]. Internal Controls and Legal Proceedings - There were no changes in internal control over financial reporting during the fiscal quarter ending December 29, 2023, that materially affected internal controls[251]. - The company acquired MPEG LA during fiscal 2023 and is in the process of integrating it into the overall internal control framework[252]. - The company is involved in various legal proceedings, but resolution is not expected to materially impact operating results or financial condition[255].

Dolby Laboratories Inc (DLB) is slated to report first-quarter fiscal 2024 results on Feb 1.The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $310.9 million, indicating a decrease of 7.2% from the year-ago quarter’s reported figure. The consensus mark for earnings per share (EPS) is pegged at 89 cents, indicating a year-over-year decrease of 19.8%.The company expects GAAP EPS of 44-59 cents and non-GAAP EPS of 80-95 cents on revenues of $300-$330 million for the fiscal first quarte ...

LOS ANGELES and SAN FRANCISCO, Jan. 19, 2024 /PRNewswire/ -- Jennifer Lopez, the multi-hyphenate artist, is teaming up with Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, to kick off the latest installment of the "Love More in Dolby" global brand campaign.  Jennifer Lopez x Dolby Jennifer Lopez and Dolby kick off the latest installment of the “Love More in Dolby” global brand campaign. In this next chapter, Lopez stars in the commercial which celebrates he ...

Throughout the show, Dolby will highlight the next frontier of immersive experiences including its newest innovations like Dolby Atmos FlexConnect and latest automotive collaborations LAS VEGAS, Jan. 10, 2024 /PRNewswire/ -- Dolby Laboratories, a leader in immersive entertainment experiences, yesterday kicked off the start of the 2024 Consumer Electronics Show (CES). Throughout the week, Dolby will showcase Dolby Vision and Dolby Atmos' growing industry leadership; new and expanded collaborations with leadi ...

SAN FRANCISCO, Jan. 8, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE:DLB) will release financial results for the first quarter (Q1) after the close of regular trading on Thursday, February 1, 2024. Members of Dolby management will lead a conference call open to all interested parties to discuss Q1 financial results for Dolby Laboratories at 2:00 p.m. PT (5:00 p.m. ET) on Thursday, February 1, 2024. Access to the teleconference will be available at http://investor.dolby.com or by dialing 1-888- 210-221 ...