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) drives innovation in immersive audio, visual, and cloud streaming technologies that shape global entertainment experiences. This page consolidates official announcements, financial updates, and strategic developments directly from Dolby and verified sources.
Access timely updates on product launches like Dolby Atmos and Dolby Vision, earnings reports, licensing agreements, and technology partnerships. Investors will find quarterly financial disclosures, while industry professionals can track advancements in cinema sound systems, broadcast solutions, and cloud-based streaming integrations.
Our curated news collection ensures you stay informed about Dolby’s strategic acquisitions, including its expansion into video compression and interactive media technologies. Content is rigorously verified to provide accurate insights into the company’s market positioning and technological leadership.
Bookmark this page for streamlined access to Dolby’s evolving role in redefining entertainment standards worldwide. Check back regularly for objective updates that matter to stakeholders across industries.
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.
VIZIO (NYSE: VZIO) and Dolby Laboratories (NYSE: DLB) have announced the integration of Dolby Atmos across VIZIO's entire 2024 soundbar lineup. This collaboration aims to provide immersive audio experiences at affordable prices, with soundbars starting at $99. The soundbars are available at major retailers including Best Buy, Amazon, Walmart, and Sam's Club. This initiative makes VIZIO one of the first manufacturers to offer Dolby Atmos in all its soundbars, enhancing the audio experience for movies, music, games, and sports. The partnership continues a long-standing relationship between VIZIO and Dolby, aimed at making high-quality sound and visual experiences accessible to a wider audience.
Dolby Laboratories (NYSE: DLB) announced that its management will present at two upcoming investor conferences. CEO Kevin Yeaman will present at the William Blair Growth Stock Conference in Chicago on June 4, 2024, at 10:00 AM CT (11:00 AM ET). In addition, Peter Goldmacher, VP of Investor Relations, will participate in a fireside chat at the Baird Global Consumer, Technology & Services Conference in New York on June 5, 2024, at 10:50 AM ET. Both events will be available via live webcast and replay at the Dolby investor relations website.
Dolby Laboratories (NYSE:DLB) announced that President and CEO Kevin Yeaman will host a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference. The event will take place in Boston, Massachusetts on May 21, 2024, at 3:45 PM ET. Investors and interested parties can access a live webcast and replay of the event on Dolby's investor relations website.
Dolby Laboratories, Inc. reported its second-quarter fiscal 2024 financial results, with total revenue at $364.5 million and GAAP net income at $97.8 million. The company highlighted the expansion of Dolby Atmos and Dolby Vision content across various entertainment platforms and consumer devices. Recent business highlights include partnerships with Max, Transsion, Xiaomi, Oppo, Honor, Lava Mobiles, and Hyundai. Dolby also announced a cash dividend of $0.30 per share and provided a financial outlook with a focus on royalty-based revenue and factors impacting consumer demand.
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