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) will release its Q3 fiscal 2022 financial results after market close on August 9, 2022. A conference call hosted by Dolby management will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Investors can access the call via the company's investor website or by phone. A replay will be available post-call until August 16, 2022. Dolby, based in San Francisco, enhances entertainment experiences globally with technologies like Dolby Atmos and Dolby Vision.
Dolby Laboratories (NYSE:DLB) announced that Robert Park, CFO, will present at two prominent conferences: the Baird 2022 Global Consumer, Technology, and Services Conference in New York on June 6 at 9:05 a.m. ET, and the 42nd Annual William Blair Growth Stock Conference in Chicago on June 8 at 9:20 a.m. CT. Live webcasts and replays of the presentations will be available on Dolby's investor site. Dolby is known for revolutionizing entertainment and communications through technologies like Dolby Atmos and Dolby Vision, enhancing experiences for billions globally.
Dolby Laboratories (NYSE: DLB) will have its President and CEO, Kevin Yeaman, present at the 50th Annual J.P. Morgan Technology, Media, and Communications Conference in Boston on May 25, 2022, at 1:50 p.m. ET. Attendees can access a live webcast of the presentation, along with a replay, at dolby.com. Dolby is known for its innovative technologies in sound and visual experiences, impacting billions worldwide across various entertainment sectors.
Dolby Laboratories reported a revenue increase of $334.4 million for Q2 FY2022, up from $319.6 million in Q2 FY2021. However, net income fell to $36.7 million ($0.36 per diluted share), compared to $76.2 million ($0.73 per diluted share) a year prior. On a non-GAAP basis, net income was $94.0 million ($0.92 per diluted share), slightly down from $94.8 million. Dolby announced a cash dividend of $0.25, payable on May 25, 2022. The company remains cautious due to COVID-19 impacts and uncertainties affecting future forecasts.
Dolby Laboratories, Inc. (NYSE:DLB) announced the appointment of Dr. Shriram Revankar as Senior Vice President of the Advanced Technology Group. With extensive experience from Adobe and Xerox, Dr. Revankar will guide Dolby's technology innovation efforts. He previously founded research labs at Adobe, focusing on data science and immersive media. This leadership transition supports Dolby's ongoing commitment to deliver cutting-edge audio and imaging technologies, enhancing the company’s product offerings and future growth.
Dolby Laboratories (NYSE:DLB) will announce its Q2 fiscal 2022 financial results on May 5, 2022, after market close. A conference call to discuss the results will occur at 1:30 PM PT (4:30 PM ET) on the same day, accessible via phone or webcast. The replay will be available post-call until May 12, 2022. Dolby is known for transforming entertainment through innovative technologies like Dolby Atmos and Dolby Vision, impacting millions worldwide.
Dolby Laboratories (NYSE: DLB) has announced that its Dolby.io Transcode API is now generally available, moving from beta. This API-driven media conversion tool assists developers and businesses in creating high-quality media workflows efficiently. It supports popular video codecs and offers features like multi-cloud storage and video optimization. Dolby aims to simplify the transcoding process, which enhances content creation for various users. The service is priced on a usage-based model and is accessible to all users from now on.
Aerosmith has announced the return of their Las Vegas residency, AEROSMITH: DEUCES ARE WILD, beginning on June 17, 2022, at Dolby Live at Park MGM. This will be the first concert in Dolby Atmos technology, providing an immersive audio experience. Tickets go on sale starting March 31, 2022, with pre-sale opportunities for fan club members and Citi cardholders. The residency features a 90-minute electrifying performance and celebrates the band's 50th anniversary.
Dolby Laboratories (NYSE: DLB) announced its acquisition of Millicast, enhancing its Dolby.io platform's capabilities for large-scale, interactive online experiences.
The acquisition allows Dolby to incorporate Millicast's ultra-low-latency video streaming, enabling events for audiences over 60,000 with minimal delay.
Dolby aims to improve real-time content streaming, making digital events feel more lifelike. This move is positioned to strengthen Dolby.io's offerings, appealing to developers and businesses seeking high-quality audiovisual experiences.
On February 3, 2022, Dolby Laboratories reported Q1 fiscal 2022 results, posting $351.6 million in revenue, down from $389.9 million in Q1 fiscal 2021. GAAP net income fell to $80.0 million ($0.77 per diluted share) from $135.2 million ($1.30 per diluted share) a year earlier. Non-GAAP net income was $104.5 million ($1.01 per diluted share), a decrease from $153.3 million ($1.48 per diluted share). Dolby announced a $0.25 dividend per share and increased its stock repurchase program by $250 million.
The outlook remains uncertain due to COVID-19 impacts.
FAQ
What is the current stock price of Dolby Laboratories (DLB)?
What is the market cap of Dolby Laboratories (DLB)?
What is the primary business of Dolby Laboratories?
What percentage of Dolby's revenue comes from licensing?
Who founded Dolby Laboratories?
What are some of Dolby's recent achievements?
Where is Dolby Laboratories headquartered?
What is Dolby's financial outlook for the future?
What is Dolby's latest acquisition?
How does Dolby engage with its stockholders?
What are some of Dolby's key products?
How does Dolby contribute to the entertainment industry?
