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.
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Dolby Laboratories (NYSE: DLB) is set to release its Q2 fiscal 2023 financial results on May 4, 2023, after the market closes. Following this, Dolby management will hold a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day to discuss the results, available via teleconference and on their website.
Investors can access the call by calling 1-888-210-2212 in the U.S. or +1-646-960-0390 for international calls, using the confirmation code 5587811. A replay of the call will be available until May 11, 2023.
Dolby Laboratories has reached a significant milestone with the release of the 500th theatrical film utilizing Dolby Vision and Dolby Atmos. This achievement coincides with the highly anticipated release of Mission: Impossible - Dead Reckoning Part One and underscores Dolby's commitment to delivering immersive cinema experiences. Currently, there are more than 290 Dolby Cinema locations across 14 countries, with major growth seen in the U.S., UK, Korea, and Japan. Dolby Atmos technology is now installed in over 7,800 cinema screens in more than 105 countries, with a growing number of entire multiplexes offering this advanced audio experience. Dolby's new System 126 Screen Channel Speaker, designed for small to medium immersive venues, was also showcased at CinemaCon 2023.
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.