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) has announced that President and CEO Kevin Yeaman will present at the 41st Annual William Blair Growth Stock Conference on June 2, 2021, at 11:20 a.m. CT. The event will be held virtually, and a live webcast will be accessible for those interested. Dolby, headquartered in San Francisco, is known for its innovations in sound and video technology, enhancing entertainment experiences globally. Stay tuned for the live presentation via Dolby's investor website.
Dolby Laboratories (NYSE:DLB) announced that Lewis Chew, Executive Vice President and CFO, will speak at the 49th Annual J.P. Morgan Technology, Media, and Communications Conference. The event is set for May 24, 2021, at 3:30 p.m. ET (12:30 p.m. PT). A live webcast and replay will be accessible on their investor website.
Founded in San Francisco, Dolby transforms entertainment experiences through technologies like Dolby Atmos and Dolby Vision. The company collaborates with various industries to enhance sound and visual quality across media.
Dolby Laboratories announced the retirement of Lewis Chew, Executive Vice President and Chief Financial Officer, later this year after over 30 years of financial leadership. Chew has been CFO since 2012, playing a key role in strengthening the company's financial position and supporting business model innovations. Dolby is commencing a global search for his successor, while Chew will assist in the transition. The CEO, Kevin Yeaman, expressed gratitude for Chew's contributions and confidence in Dolby’s future.
Dolby Laboratories reported Q2 fiscal 2021 results with total revenue of $319.6 million, down from $351.8 million in Q2 2020. GAAP net income decreased to $76.2 million ($0.73 per share) from $88.5 million ($0.86 per share) year-over-year. Non-GAAP net income also fell to $94.8 million ($0.91 per share) compared to $106.6 million ($1.04 per share). Cash flows from operations rose to $83.5 million compared to $65.7 million in Q2 2020. Dolby declared a cash dividend of $0.22 per share, payable May 25, 2021. The company continues to face challenges due to COVID-19 impacts on revenue.
Dolby Laboratories (NYSE:DLB) has announced a new integration with Box (NYSE:BOX) that enables users worldwide to access automated audio enhancement tools. This partnership leverages Dolby's technology to simplify the process of producing high-quality audio by merely uploading files to Box. With over 50% growth in audio file usage on Box in the last 18 months, the demand for premium audio content continues to rise. Dolby.io's Media Processing APIs facilitate easy audio quality enhancements such as noise reduction and improved speech intelligibility, helping content creators deliver professional-grade audio.
Dolby Laboratories (NYSE: DLB) will announce its Q2 fiscal 2021 financial results on May 4, 2021, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) for discussion of the results. Investors can access the call online or via phone. A replay will be available until May 11, 2021. Dolby, based in San Francisco, is renowned for enhancing entertainment through innovations like Dolby Atmos and Dolby Vision.
Dolby Laboratories (NYSE: DLB) has appointed Emily Rollins to its Board of Directors and the Audit Committee, effective February 24, 2021. Rollins, a former Audit and Assurance Partner at Deloitte & Touche LLP, brings over 28 years of experience, particularly in serving technology and media companies. Her leadership at Deloitte focused on audit innovation and diversity initiatives. Dolby Chairman Peter Gotcher expressed enthusiasm for Rollins’s financial expertise, which is expected to strengthen the board’s effectiveness.
Dolby Laboratories (NYSE: DLB) announced that Lewis Chew, CFO, will present at the Morgan Stanley 2021 Technology, Media, and Telecom Conference on March 4, 2021, at 5:00 p.m. ET. This virtual event offers investors insights into the company's strategies and advancements in technology. A live webcast will be available for those interested. Dolby is renowned for enhancing entertainment experiences through innovations like Dolby Atmos and Dolby Vision.
Dolby Laboratories (NYSE:DLB) reported strong financial results for Q1 FY2021, with total revenue reaching $389.9 million, a significant increase from $291.9 million in Q1 FY2020. The company's net income soared to $135.2 million or $1.30 per diluted share, compared to $48.8 million or $0.47 per diluted share in the previous year. Non-GAAP net income was $153.3 million or $1.48 per diluted share. Dolby declared a cash dividend of $0.22 per share, payable on February 19, 2021. However, COVID-19 continues to pose uncertainties impacting future performance.
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