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) partners with The Weeknd to celebrate the release of his new single “Take My Breath” in Dolby Atmos on Apple Music. The collaboration marks a new era for music, enhancing the sensory experience for fans. The Weeknd emphasizes creating immersive worlds through his music, stating that Dolby Atmos allows for limitless creativity. His upcoming album follows the successful After Hours, which is the #1 most streamed R&B album. Fans can stream his recent works in Dolby Atmos to fully appreciate the artistry.
Dolby Laboratories has partnered with J Balvin to launch his latest album JOSE in Dolby Atmos on Apple Music. The immersive experience promises to transform music listening by allowing fans to feel the depth and details of the tracks. Balvin, a five-time Latin GRAMMY winner, emphasizes the emotional connection music brings and describes his album as a personal playlist blending various genres. The initiative celebrates a new era for music in Dolby Atmos, enhancing the bond between artists and audiences.
Vimeo (NASDAQ: VMEO) and Dolby have launched a first-to-market service enabling users to host, share, and play back videos created in Dolby Vision on Apple devices. Starting today, users with supported Apple devices can enjoy professional-quality video technology, enhancing the viewing experience with superior brightness and color. This collaboration aims to empower creatives globally and marks a significant step in expanding access to Dolby Vision technology. The integration supports videos from iPhone 12 and is compatible with various Apple devices.
Dolby Laboratories (NYSE:DLB) has announced the winners of the Dolby Institute x Ghetto Film School Filmmaker Challenge: Finish the Script 2021. Four filmmakers received a $25,000 grant each to produce their short films, along with mentorship from award-winning director Carlos López Estrada. This initiative, part of Dolby's partnership with Ghetto Film School, aims to support underrepresented voices in film and has assisted over 8,000 emerging filmmakers annually since 2014. Winning films will premiere in Los Angeles in 2022 and be distributed digitally.
Dolby Laboratories (NYSE: DLB) and Cinemo announced a partnership to integrate Dolby Atmos music technology into vehicles, enhancing in-car entertainment experiences. This collaboration, revealed at IAA Mobility, marks Cinemo as the first global middleware licensee of the Dolby Car Experience. Dolby's immersive sound technology aims to provide clearer audio by placing distinct elements within a three-dimensional sound field, allowing for a superior listening experience. With millions of Cinemo solutions already in use worldwide, the integration can quickly enhance existing automotive audio systems.
Dolby Laboratories (NYSE: DLB) announces that Billie Eilish's concert film, Happier Than Ever: A Love Letter to Los Angeles, is available on Disney+ in Dolby Vision HDR and Dolby Atmos. This immersive experience allows fans to feel closer to the performance at the Hollywood Bowl. The film features every song from Eilish's album, which is currently topping US charts. Dolby’s technology enhances visual and audio elements, providing clarity and depth. Subscribers can stream the film along with other content in Dolby formats with compatible devices.
Dolby Laboratories (DLB) reported Q3 2021 revenue of $286.8 million, up from $246.9 million in Q3 2020. GAAP net income fell to $54.6 million ($0.52/share), down from $67.3 million ($0.66/share) a year ago. Non-GAAP net income also decreased to $74.8 million ($0.71/share) from $87.5 million ($0.86/share). The company declared a $0.22 dividend per share and expanded its stock repurchase program by $350 million. Dolby remains cautious about the impact of COVID-19 on future revenues and market uncertainties.
Dolby Laboratories (NYSE: DLB) will announce its Q3 fiscal 2021 financial results on July 29, 2021, after market close. A conference call led by Dolby management will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the financial results. Interested parties can join the call via teleconference, with a replay available until August 5, 2021. Dolby is renowned for transforming the science of sight and sound, partnering with artists and businesses worldwide to enhance entertainment experiences.
Dolby Laboratories has appointed Marie Huwe as Senior Vice President of Dolby.io, aiming to accelerate its growth. Huwe brings over 20 years of experience from companies like DocuSign and Microsoft.
Her leadership is expected to enhance developer engagement and broaden opportunities for creators using Dolby technologies. Dolby.io, launched in May 2020, offers a platform with various audio and video APIs designed for enterprise and application development, enhancing communication and media experiences.
Dolby Laboratories (NYSE:DLB) announced that Lewis Chew, Executive Vice President and CFO, will present at the Baird 2021 Global Consumer, Technology, and Services Conference. The virtual event is scheduled for June 10, 2021, at 3:45 p.m. ET. A live webcast and replay will be accessible via Dolby's investor relations site.
Dolby, based in San Francisco, creates transformative entertainment experiences, partnering with various artists and developers globally.
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