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 develops and licenses immersive audio, imaging, accessibility and cinema technologies used in movies, television, music, sports, gaming, connected devices and theatrical exhibition. Its recurring updates center on products and brands such as Dolby Atmos, Dolby Vision, Dolby Cinema and Dolby OptiView, as well as licensing activity, cinema hardware and entertainment workflows.
Company news also covers quarterly financial results, cash dividends, non-GAAP operating measures and collaborations that extend Dolby technologies into automotive infotainment, premium large-format cinema, streaming, sports broadcasts and creative production tools.
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.
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.