Welcome to our dedicated page for Dolby Laboratories news (Ticker: DLB), a resource for investors and traders seeking the latest updates and insights on Dolby Laboratories stock.
Dolby Laboratories, Inc. (NYSE:DLB), founded in 1965 and headquartered in San Francisco, is a global leader in audio, video, and voice technologies. The company revolutionizes entertainment and communications with its innovative products, including Dolby Atmos, Dolby Vision, Dolby Cinema, and Dolby.io. Through its partnerships with artists, storytellers, developers, and businesses, Dolby transforms the science of sight and sound into spectacular experiences enjoyed by billions worldwide.
Dolby's Core Business involves developing and licensing cutting-edge technology for cinema, broadcast, home audio systems, in-car entertainment, DVD players, games, televisions, and personal computers. About 75% of its revenue is generated from licensing its technology to consumer electronics manufacturers globally, while the remainder comes from equipment sales to professional producers and audio engineering services.
Under the leadership of its founder, Ray Dolby, the company has always been committed to enhancing the listening and viewing experience. Dolby's innovative spirit is evident in its continued efforts to improve the quality and accessibility of its technologies. Recent achievements include the announcement of Dolby Atmos FlexConnect, collaborations with automotive giants like Mercedes-Benz and Lotus, and the integration of Dolby Vision and Dolby Atmos in new gaming monitors from leading brands such as Alienware and ASUS.
Financially, Dolby has shown resilience and growth potential, as highlighted in their Q4 and full-year fiscal 2023 results. With a solid financial outlook, Dolby remains confident in its long-term growth opportunities across various sectors, including TVs, mobile, and automotive. Dolby also continues to return capital to stockholders through quarterly dividends and stock repurchases.
Dolby's acquisition of GE Licensing further expands its intellectual property portfolio, particularly in video codec technology, enhancing its position in the market. This strategic move is expected to be accretive on a non-GAAP basis to operating margins and EPS in fiscal 2025.
For the latest updates, Dolby's forward-looking statements and financial results can be accessed through their investor relations website, ensuring transparency and communication with investors.
Dolby Laboratories (NYSE:DLB) reported Q4 2024 financial results with total revenue of $305 million, up from $291 million in Q4 2023. GAAP net income reached $59 million ($0.61 per share), compared to $9 million ($0.09 per share) in Q4 2023. For fiscal year 2024, total revenue was $1.27 billion versus $1.30 billion in 2023, with GAAP net income of $262 million ($2.69 per share).
The company completed the acquisition of GE Licensing and THEO Technologies, expanded automotive partnerships for Dolby Atmos to over 20 OEMs, and secured new implementations across various devices including Meta Quest, iPhone 16, and Xiaomi TVs. Dolby also announced a $0.33 per share dividend and established a new $250 million revolving credit facility.
Jin from BTS has partnered with Dolby Laboratories (NYSE: DLB) for their 'Love More in Dolby' campaign, celebrating his new single 'I'll Be There' in Dolby Atmos. The single precedes Jin's first solo album 'Happy,' scheduled for release on November 15th in Dolby Atmos. The campaign, directed by Colin Tilley, showcases how Dolby Atmos transforms music listening into an immersive experience.
Jin expressed amazement at how Dolby Atmos technology allows fans to experience the emotions and happiness he aimed to convey through his music. The technology is available on major streaming platforms including Amazon Music, Apple Music, TIDAL, and others, accessible through various devices and brands.
Dolby Laboratories (NYSE: DLB) has announced its Q4 and full year fiscal 2024 financial results conference call and webcast. The event is scheduled for Tuesday, November 19, 2024, after the close of regular trading. Dolby management will host the call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's financial performance.
Interested parties can access the teleconference through the Dolby investor relations website or by dialing specific numbers. A replay of the call will be available from 5:00 p.m. PT on November 19 until 8:59 p.m. PT on November 26, 2024. An archived version of the teleconference will also be accessible on the company's investor relations website.
Dolby Laboratories (NYSE: DLB) has unveiled a new range of cloud video products for real-time interactive streaming at IBC 2024. This follows Dolby's acquisition of THEO Technologies, enhancing their capabilities in high-quality video streaming. The combined offering includes:
1. THEOads: A new ad insertion capability for personalized, non-intrusive ads
2. Dolby Millicast: An ultra-low latency streaming solution
3. Dolby Hybrik: Powering transcoding
4. THEOplayer and THEOlive: Cross-platform playback and live streaming products
Major companies like FanDuel, ITV, Las Vegas Sands, NASCAR, and NFL are already leveraging these solutions to enhance their live streaming experiences. The new products aim to deliver content with minimal delay, creating immersive, interactive experiences across platforms.
Dolby Laboratories (NYSE:DLB) has announced that its President and CEO, Kevin Yeaman, will participate in a fireside chat at the Goldman Sachs Communacopia and Technology Conference. The event is scheduled for Thursday, September 12, 2024, at 8:50 AM PT (11:50 AM ET) in San Francisco, California.
Investors and interested parties can access a live webcast of the fireside chat through Dolby's investor relations website at http://investor.dolby.com. For those unable to attend or watch live, a replay of the event will also be made available on the same platform. This presentation offers an opportunity for stakeholders to gain insights into Dolby's strategies and market position directly from its top executive.
Dolby Laboratories (NYSE:DLB) has announced that its Chief Financial Officer, Robert Park, will participate in a fireside chat at the upcoming Rosenblatt Technology Summit. The event is scheduled to take place virtually on Tuesday, August 20, 2024, at 3:00 PM ET.
Investors and interested parties can access a live webcast of the fireside chat through Dolby's investor relations website at http://investor.dolby.com. For those unable to attend the live event, a replay will also be made available on the same platform.
This presentation offers an opportunity for investors to gain insights into Dolby's financial strategies and market position directly from the company's CFO. The Rosenblatt Technology Summit is known for featuring discussions with key executives from leading technology companies, making it a noteworthy event for industry analysts and investors.
Dolby Laboratories (NYSE:DLB) reported its Q3 2024 financial results, with total revenue of $288.8 million, down from $298.4 million in Q3 2023. GAAP net income increased to $38.4 million ($0.40 per diluted share), compared to $16.4 million ($0.17 per diluted share) in Q3 2023. Non-GAAP net income rose to $68.8 million ($0.71 per diluted share) from $54.1 million ($0.55 per diluted share) year-over-year.
Dolby repurchased about 423,000 shares and has $72 million remaining in its stock repurchase authorization. The company announced a cash dividend of $0.30 per share and an increase in its stock repurchase program by $350 million. Notable business highlights include partnerships with automotive manufacturers and expanded adoption of Dolby Vision and Dolby Atmos in various devices and major sporting events.
Warner Bros. Pictures is bringing 'The Batman' back to select theaters worldwide for a special one-night event on August 28, 2023. This exclusive screening precedes the debut of the HBO Original series 'The Penguin' on September 19, 2024. Viewers will not only revisit the film but also get an exclusive behind-the-scenes look at the making of 'The Penguin' series.
The event is a collaboration with AMC Theatres and Dolby, featuring screenings in 100 Dolby Cinema at AMC screens across the U.S. and select international locations. 'The Batman,' which grossed over $772 million worldwide in its initial 2022 release, stars Robert Pattinson as Batman and Colin Farrell as The Penguin.
Dolby Laboratories (NYSE: DLB) announced it will release its Q3 Fiscal 2024 financial results on August 7, 2024, after regular trading hours. The company will also host a conference call on the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Interested parties can join the call via the Dolby investor relations website or by dialing 1-888-210-2212 (1-646-960-0390 for international callers) with confirmation code 5587811. A replay will be available from August 7, 2024, 5:00 p.m. PT to August 14, 2024, 8:59 p.m. PT by dialing 1-800-770-2030 (1-647-362-9199 for international callers) with the same confirmation code. The teleconference will also be archived on Dolby's investor relations website.
Dolby Laboratories (NYSE: DLB) announced an agreement to acquire GE Licensing from GE Aerospace for $429 million in cash. The acquisition, which includes over 5,000 patents in video codec technology, aims to strengthen Dolby’s licensing business and foster future growth. GE Aerospace will retain its aerospace and defense IP portfolio. The transaction is expected to close by the end of fiscal 2024, subject to regulatory approval, and is anticipated to be accretive to Dolby’s operating margins and EPS in fiscal 2025. This deal will not impact Dolby's dividend or stock repurchase practices.
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