Dolby Laboratories, Inc. - DLB STOCK NEWS

Dolby Laboratories hosts its first-ever SXSW experiential takeover at Dolby House in Austin from March 10 to March 19, 2023. This public event features over 20 panels and installations highlighting Dolby innovations, including Dolby Atmos and Dolby Vision. Attendees can enjoy free food, drinks, and gaming experiences. Notable installations include Dolby Atmos for cars showcased in a Mercedes-Benz Maybach S-Class sedan and a preview of Dolby.io's new real-time streaming technology. The event aims to illustrate how Dolby's technologies transform entertainment and communications.

Dolby Laboratories (NYSE:DLB) reported Q1 FY2023 financial results, revealing total revenue of $334.9 million, down from $351.6 million in Q1 FY2022. GAAP net income slightly decreased to $79.4 million, or $0.82 per diluted share, compared to $80.0 million or $0.77 per diluted share last year. However, non-GAAP net income increased to $107.4 million, or $1.11 per diluted share. Operational cash flows rose to $56.4 million. A cash dividend of $0.27 per share was announced, payable on February 22, 2023. Due to macroeconomic factors, the company warns of uncertainties affecting its future revenue forecasts.

Dolby Laboratories (NYSE: DLB) will announce its Q1 fiscal 2023 financial results on February 2, 2023, after market close. A conference call for investors will be held at 2:00 PM PT (5:00 PM ET) the same day, accessible via dial-in or online. A replay will be available until February 9, 2023. Dolby, based in San Francisco, is known for its advancements in sound and visual technologies, enhancing experiences in movies, gaming, and more. Investors can find details on the conference call on Dolby's official investor relations page.

Dolby Laboratories recently showcased its industry leadership at the CES 2023, highlighting innovations in Dolby Atmos and Dolby Vision across various sectors, including automotive and gaming.

During a live concert featuring Imagine Dragons in Dolby Atmos, Dolby emphasized its expanding partnerships with automotive brands like Mercedes and LUCID Motors. The company also introduced new tools via Dolby.io, aimed at enhancing developer experiences in virtual worlds.

Dolby's ongoing commitment to delivering immersive entertainment is evident as its technologies are increasingly integrated into consumer devices.

Dolby Laboratories and Imagine Dragons are hosting a private concert benefiting the Tyler Robinson Foundation and over 35 local charities in Las Vegas on January 5, 2023. This event will feature live performances in Dolby Atmos at Dolby Live, allowing attendees to experience music with unparalleled clarity. The concert aims to give back to the community while offering thousands of free tickets to team members of supported organizations. Imagine Dragons' frontman expressed excitement about the collaboration, highlighting its significance for TRF and the local community.

Dolby Laboratories (NYSE:DLB) reported fiscal Q4 and full-year 2022 results, showing total revenue of $278.2 million for Q4, down from $285.0 million in Q4 2021, and $1.25 billion for the full year, compared to $1.28 billion for 2021. GAAP net income for Q4 was $27.8 million or $0.28 per diluted share, down from $44.2 million or $0.42 per diluted share year-over-year. Cash flows from operations were $51.3 million, a decrease from $109.8 million in Q4 2021. Despite challenges, Dolby continues to expand its technology in various sectors, and a dividend of $0.27 per share was declared.

Dolby Laboratories (NYSE:DLB) will announce its Q4 fiscal 2022 financial results after market close on November 17, 2022. A conference call will follow at 2:00 p.m. PT, hosted by Dolby management, to discuss the results. Interested parties can access the call via Dolby's investor website or by phone. A replay will be available for one week following the call. Dolby continues to lead innovation in audio and visual experiences, serving a global audience across various entertainment and communication sectors.

Dolby Laboratories and the Ghetto Film School (GFS) have announced the winners of the Dolby Institute x Ghetto Film School Filmmaker Challenge: Finish the Script Year 2. Four filmmakers—Kaitlyn Ali, Britney Bautista, Miguel Ramirez, and Thomas Sawyer—received $25,000 each to fund their short films, along with mentorship from Academy Award-nominated filmmaker Carlos López Estrada. This partnership aims to support emerging filmmakers and promote diverse storytelling, continuing the initiative's goal of enhancing the creative industry.

Dolby Laboratories reported a third quarter revenue of $289.6 million, slightly up from $286.8 million in Q3 2021. The GAAP net income decreased to $39.6 million ($0.39 per share) compared to $54.6 million ($0.52 per share) a year earlier. Non-GAAP net income also fell to $68.7 million ($0.68 per share) from $74.8 million ($0.71 per share). Cash flows from operations were stable at $172.6 million. The company continues to push Dolby Vision and Dolby Atmos adoption despite macroeconomic uncertainties.