Dolby Laboratories Inc Stock Price, News & Analysis

Dolby Laboratories (NYSE: DLB) and Audible have launched Dolby Atmos on Audible, providing immersive audio storytelling experiences. This collection features over 40 popular Originals, including new titles like The Little Mermaid, narrated by Leigh-Anne Pinnock, and Marrow by Aditi Kapil. Dolby Atmos enhances audio narratives by placing sounds in a multidimensional space, creating a richer experience for listeners. Audible members globally can stream and download these titles on compatible devices. This partnership aims to elevate the storytelling experience, benefiting both creators and audiences.

PUBG MOBILE has partnered with Dolby Laboratories to introduce Dolby Atmos immersive audio in the game's Arena Mode, enhancing the player's experience with superior sound quality.

This technology allows players to hear detailed audio cues, providing a competitive edge in gaming. Vincent Wang, Head of PUBG MOBILE Publishing, expressed excitement over this integration, while John Couling, SVP of Dolby, highlighted the transformative impact on gaming soundscapes.

Dolby Atmos will be available to players with compatible devices, creating a more realistic gaming environment.

Dolby Laboratories announces a surprise live performance by Macklemore at SXSW on March 17, 2023, showcasing his new album BEN in Dolby Atmos. This marks Macklemore's first performance utilizing this immersive audio technology. The event is open to SXSW badge holders and the public on a first-come, first-served basis. Attendees will experience an immersive audio journey featuring popular tracks and new singles, aiming to redefine live music. Additionally, Dolby House will host a free event with food, drinks, and live DJs, promoting its latest innovations.

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.