☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR Commission File Number: 001-32431 DOLBY LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0199783 (State or other ...

Dolby Laboratories, Inc. (NYSE:DLB) Q2 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Maggie O’Donnell – Head-Investor Relations Kevin Yeaman – Chief Executive Officer Robert Park – Chief Financial Officer Conference Call Participants Steven Frankel – Rosenblatt Paul Chung – JPMorgan Ralph Schackart – William Blair James Goss – Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories’ Conference Call discussing fiscal second q ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 001-32431 DOLBY LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0199783 (State or othe ...

Dolby Laboratories, Inc. (NYSE:DLB) Q1 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Maggie O'Donnell - Head of Investor Relations Kevin Yeaman - Chief Executive Officer Robert Park - Chief Financial Officer Conference Call Participants Steven Frankel - Rosenblatt Paul Chung - J.P. Morgan Ralph Schackart - William Blair Jim Goss - Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 001-32431 DOLBY LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0199783 (State or o ...

Financial Data and Key Metrics Changes - Total revenue in Q4 2022 was $278 million, down 2% year-over-year, primarily due to lower unit shipments in PCs, broadcast, consumer electronics, and gaming [49][53] - Fiscal year 2022 revenues were $1.25 billion, a decline of 2% from $1.28 billion in fiscal year 2021, with licensing revenue at $1.16 billion, down 4% year-over-year [54][56] - Non-GAAP net income for Q4 was $53 million or $0.54 per diluted share, compared to $60 million or $0.58 per diluted share in Q4 2021 [66] Business Line Data and Key Metrics Changes - Foundational audio revenue declined nearly 15% year-over-year, making up roughly 70% of licensing revenues [17][55] - Revenue from Dolby Atmos, Dolby Vision, and imaging patents grew approximately 30% year-over-year, driven by increased adoption and box office improvements [19][56] - Products and services revenue increased to $89 million in fiscal year 2022 from $67 million in fiscal year 2021, primarily due to higher product sales in the cinema industry [63] Market Data and Key Metrics Changes - Broadcast revenues represented about 37% of total licensing in fiscal year 2022, declining by $42 million or 9% year-over-year due to lower TV unit shipments [57] - Mobile revenues also declined by $22 million or 9% year-over-year, impacted by timing of deals and lower unit shipments [59] - Consumer Electronics revenues increased by $4 million or 2% year-over-year, driven by growth in Dolby Atmos and Dolby Vision [60] Company Strategy and Development Direction - The company aims to double the size of revenues from Dolby Atmos, Dolby Vision, and imaging patents over the mid-term, targeting 15% to 25% annual growth [22][72] - Focus areas include expanding the movies and TV ecosystem, enhancing music and automotive initiatives, and developing user-generated content with Dolby Vision Capture [14][31] - Dolby.io is seen as a long-term growth factor, expanding the addressable market for immersive experiences [36][81] Management's Comments on Operating Environment and Future Outlook - The management highlighted ongoing challenges from macroeconomic factors, including inflation and supply chain issues, impacting consumer device shipments [9][70] - Despite near-term headwinds, the company remains confident in the long-term demand for entertainment content and immersive experiences [46][81] - Guidance for fiscal year 2023 anticipates low single-digit revenue growth, with foundational audio projected to decline mid-single-digits [72][70] Other Important Information - The company generated $51 million in cash from operations in Q4, down from $110 million in the previous year [67] - A cash dividend of $0.27 per share was announced, an increase of 8% compared to the prior quarter [67] - The company repurchased approximately 2.9 million shares during the fourth quarter [67] Q&A Session Summary Question: Macro outlook and its impact on Dolby - The macro environment remains uncertain, but there is strong demand for immersive experiences, particularly Dolby Atmos and Dolby Vision [84][85] Question: Drivers of mobile revenue decline - Mobile revenues decreased 9% year-over-year due to timing of deals and lower unit shipments [86][87] Question: Growth trajectory for Dolby Vision and Atmos - Demand for adoption remains strong, but engagement cycles are taking longer due to the uncertain environment [91][92] Question: Revenue guidance for Q1 and fiscal year 2023 - Q1 revenue is expected to range from $300 million to $330 million, with licensing revenue estimated between $280 million and $305 million [77][79] Question: Contribution of Dolby.io to product sales - Revenue from Dolby.io is included in the products and services line, contributing to growth but not highlighted as a major growth factor yet [104]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 001-32431 DOLBY LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0199783 (State or other ju ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was $290 million, up 1% year-over-year, driven by increased adoption of Dolby Atmos and Dolby Vision, new licensees in imaging patents, and improved results for Dolby Cinema [28] - Licensing revenue was $269 million, down 1% year-over-year, impacted by lower broadcast and PC unit shipments, but offset by increased adoption of Dolby technologies [28][29] - Non-GAAP gross margin was 88% of revenue, down from 89.7% in the previous year due to a shift in revenue mix [32] - Non-GAAP operating income was $76 million, or 26% of revenue, compared to 29% of revenue in Q3 of last year [33] - Net income on a non-GAAP basis was $69 million, or $0.68 per diluted share, down from $75 million, or $0.71 per diluted share, in the prior year [33] Business Line Data and Key Metrics Changes - Broadcast revenue decreased by 20% year-over-year due to lower recoveries and estimated shipments for TVs and set-top boxes [29] - Mobile revenue increased by 27% year-over-year, driven by timing of revenue associated with minimum volume contracts and higher adoption of Dolby technologies [30] - PC revenue rose by 8% year-over-year, supported by higher recoveries and growth in Dolby technologies, despite lower PC unit shipments [30] - Consumer Electronics revenue grew by 2% year-over-year, driven by increased adoption of Dolby technologies [31] - Products and services revenue was $20 million, up 33% year-over-year, reflecting ongoing improvements in the cinema industry [31] Market Data and Key Metrics Changes - The mobile market is expected to see a decline in revenue by low single digits, reflecting longer transaction cycles in Asia [39] - Broadcast revenue is projected to decline in the mid- to high single digits due to softness in TV shipments [38] - PC revenue is expected to grow in the mid-single digits, down from previous guidance of high single digits due to softness in the PC market [39] - Other licensing revenue is expected to grow around 15%, driven by Dolby Cinema [40] Company Strategy and Development Direction - The company remains focused on long-term strategic priorities, including growing revenue from Dolby Atmos, Dolby Vision, and imaging patents [7][11] - Dolby.io is being positioned as a platform for developers to create immersive online experiences, with a strong roadmap for differentiation [24][25] - The company aims for sustainable double-digit growth, with confidence in the growth outlook for Dolby Atmos and Dolby Vision [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainty in the macroeconomic environment, including inflation, COVID-19 impacts, and supply chain issues, affecting consumer spending [9][37] - The company has lowered its outlook for the remainder of the year, particularly in mobile, broadcast, and PC end markets [10][39] - Despite the challenges, management expressed confidence in the long-term strategy and growth opportunities, emphasizing a strong business model and cash flow [12][43] Other Important Information - The company announced a cash dividend of $0.25 per share, payable on August 31, 2022 [36] - The company has a stock repurchase authorization of approximately $580 million, with ongoing buybacks [35] Q&A Session Summary Question: Insights on mobile revenue situation - Management noted that mobile revenue is impacted by longer transaction cycles, particularly in Asia, but remains optimistic about future growth drivers like Dolby Vision capture and Dolby Atmos Music [46] Question: Changes in macroeconomic environment - Management highlighted that while there are challenges in device shipments, there is strong engagement from partners looking to enhance immersive experiences [49][50] Question: G&A expenses and hiring - G&A expenses were lower due to reduced personnel costs, and hiring has been paused except for critical roles [52][48] Question: Integration with Millicast and new partnerships - The integration with Millicast is progressing well, enabling live streaming capabilities, and new partnerships are being established to enhance the platform [55][56] Question: Dolby Vision capture and its market potential - The announcement of Dolby Vision capture with Xiaomi is seen as a significant opportunity to drive adoption across Android devices, with positive reactions from other ecosystem partners [58][59]

PART I [Unaudited Interim Condensed Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Unaudited%20Interim%20Condensed%20Consolidated%20Financial%20Statements) Dolby Laboratories' unaudited financial statements for Q3 and nine months ended July 1, 2022, show total revenue of **$289.6 million** and net income of **$39.6 million** for the quarter, and **$975.6 million** and **$156.1 million** respectively for the nine months Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | July 1, 2022 | September 24, 2021 | | :--- | :--- | :--- | | **Total Current Assets** | **$1,504,719** | **$1,760,498** | | Cash and cash equivalents | $858,905 | $1,225,380 | | **Total Assets** | **$2,919,936** | **$3,105,687** | | **Total Current Liabilities** | **$285,485** | **$315,717** | | **Total Liabilities** | **$460,411** | **$501,455** | | **Total Stockholders' Equity** | **$2,459,525** | **$2,604,232** | Condensed Consolidated Statements of Operations Highlights (in thousands, except per share) | Metric | Q3 2022 | Q3 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$289,585** | **$286,799** | **$975,589** | **$996,231** | | Licensing Revenue | $269,289 | $271,569 | $915,406 | $948,159 | | Products and Services Revenue | $20,296 | $15,230 | $60,183 | $48,072 | | **Operating Income** | **$45,566** | **$56,091** | **$179,497** | **$304,025** | | **Net Income** | **$39,597** | **$54,621** | **$156,331** | **$266,036** | | **Diluted EPS** | **$0.39** | **$0.52** | **$1.52** | **$2.54** | Condensed Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | YTD Ended July 1, 2022 | YTD Ended June 25, 2021 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$267,267** | **$337,980** | | **Net cash used in investing activities** | **($255,213)** | **($29,948)** | | **Net cash used in financing activities** | **($368,131)** | **($165,650)** | | Net (decrease)/increase in cash | ($365,775) | $147,273 | [Note 3. Revenue Recognition](index=12&type=section&id=Note%203.%20Revenue%20Recognition) This note details revenue recognition policies, showing **93%** of Q3 2022 revenue from licensing, disaggregated by market and geography, with Broadcast as the largest licensing contributor and international sales dominating total revenue Licensing Revenue by Market (Q3 2022 vs Q3 2021) | Market | Q3 2022 Revenue (in thousands) | % of Licensing | Q3 2021 Revenue (in thousands) | % of Licensing | | :--- | :--- | :--- | :--- | :--- | | Broadcast | $99,327 | 37% | $123,955 | 46% | | Mobile | $63,237 | 23% | $49,861 | 18% | | CE | $38,663 | 14% | $37,805 | 14% | | PC | $26,947 | 10% | $24,870 | 9% | | Other | $41,115 | 16% | $35,078 | 13% | | **Total** | **$269,289** | **100%** | **$271,569** | **100%** | Total Revenue by Geographic Location (Q3 2022 vs Q3 2021) | Geography | Q3 2022 Revenue (in thousands) | % of Total | Q3 2021 Revenue (in thousands) | % of Total | | :--- | :--- | :--- | :--- | :--- | | United States | $78,471 | 27% | $73,355 | 26% | | International | $211,114 | 73% | $213,444 | 74% | | **Total** | **$289,585** | **100%** | **$286,799** | **100%** | - As of July 1, 2022, the company had **$44.4 million** of remaining performance obligations, with **20%** expected in fiscal 2022, **31%** in fiscal 2023, and **49%** thereafter[63](index=63&type=chunk) [Note 9. Stockholders' Equity and Stock-Based Compensation](index=25&type=section&id=Note%209.%20Stockholders%27%20Equity%20and%20Stock-Based%20Compensation) This note details equity structure, stock incentive plans, and dividend policy, highlighting a **$2.6 billion** authorized stock repurchase program with **$230.9 million** remaining, and quarterly dividends of **$0.25** per share Quarterly Share Repurchase Activity (Fiscal 2022) | Quarter | Shares Repurchased | Cost (in thousands) | Average Price Paid Per Share | | :--- | :--- | :--- | :--- | | Q1 | 408,508 | $35,573 | $87.08 | | Q2 | 1,116,032 | $84,913 | $76.08 | | Q3 | 2,549,474 | $190,000 | $74.53 | | **Total YTD** | **4,074,014** | **$310,486** | **N/A** | - As of July 1, 2022, the remaining authorization for the stock repurchase program was approximately **$230.9 million**[131](index=131&type=chunk) - The company declared a quarterly cash dividend of **$0.25** per common share for Q1, Q2, and Q3 of fiscal 2022[133](index=133&type=chunk) [Note 12. Income Taxes](index=32&type=section&id=Note%2012.%20Income%20Taxes) This note explains income tax expense and effective tax rate, with Q3 2022 at **19.8%**, up from **7.7%** in Q3 2021, primarily due to earnings mix and lower stock-based award benefits Effective Tax Rate Comparison | Period | Effective Tax Rate | | :--- | :--- | | Q3 Fiscal 2022 | 19.8% | | Q3 Fiscal 2021 | 7.7% | | YTD Fiscal 2022 | 15.3% | | YTD Fiscal 2021 | 12.2% | - The increase in the Q3 effective tax rate was mainly driven by a shift in the mix of earnings to jurisdictions with higher tax rates and lower tax benefits from stock-based award settlements[147](index=147&type=chunk) [Note 15. Commitments and Contingencies](index=34&type=section&id=Note%2015.%20Commitments%20and%20Contingencies) This note outlines contractual obligations and legal contingencies, with total commitments of **$150.9 million** as of July 1, 2022, and a **$34.4 million** charge for resolving a legal matter with Intertrust Technologies - The company recorded a charge of **$34.4 million** within G&A expenses in the fiscal year-to-date period ended July 1, 2022, to resolve a legal matter with Intertrust Technologies concerning patent infringement allegations against Dolby's customers[162](index=162&type=chunk) Contractual Obligations and Commitments as of July 1, 2022 (in thousands) | Commitment | Total Amount | | :--- | :--- | | Naming rights | $106,791 | | Purchase obligations | $41,425 | | Donation commitments | $2,698 | | **Total** | **$150,914** | [Note 16. Business Combination](index=35&type=section&id=Note%2016.%20Business%20Combination) This note describes the acquisition of Millicast, Inc. on January 31, 2022, for **$38.8 million**, allocating **$8.7 million** to intangible assets and **$31.7 million** to goodwill, enhancing Dolby.io's streaming capabilities - On January 31, 2022, Dolby acquired Millicast, Inc. for a total purchase consideration of **$38.8 million**[164](index=164&type=chunk)[165](index=165&type=chunk) - The acquisition resulted in the recording of **$31.7 million** in goodwill and **$8.7 million** in identifiable intangible assets, primarily developed technology[165](index=165&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=36&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes Q3 fiscal 2022 financial performance, business strategy, and market conditions, discussing COVID-19 impacts, strategic expansion into new content areas, revenue breakdown, operating expenses, liquidity, and cash flows [Executive Summary](index=40&type=section&id=Executive%20Summary) This section highlights the ongoing impact of COVID-19 on supply chains and the cinema market, emphasizing a strategic focus on expanding Dolby's audio and imaging leadership into new content areas like music and gaming - The COVID-19 pandemic continues to negatively affect the business through supply chain constraints, component shortages, and disruptions in the cinema market, impacting royalties and product demand[193](index=193&type=chunk)[194](index=194&type=chunk)[195](index=195&type=chunk) - A key strategic focus is expanding Dolby experiences into new content areas such as music, gaming, live sports, and user-generated content to create additional value and drive adoption on devices like mobile, PCs, and gaming consoles[198](index=198&type=chunk)[204](index=204&type=chunk)[205](index=205&type=chunk) [Results of Operations](index=45&type=section&id=Results%20of%20Operations) This section analyzes Q3 and YTD fiscal 2022 financial results, noting a slight decrease in Q3 licensing revenue, a **33%** increase in products and services revenue, and significant operating expense changes including a **$34.4 million** legal settlement - Q3 Licensing revenue decreased **1%** YoY, primarily due to lower Broadcast revenue from higher prior-year recoveries, partially offset by growth in Mobile from timing of contracts and higher adoption of Dolby Atmos and Dolby Vision[238](index=238&type=chunk)[240](index=240&type=chunk) - Q3 Products and Services revenue increased **33%** YoY, driven by higher sales of cinema equipment as the exhibitor market continues to recover[242](index=242&type=chunk)[244](index=244&type=chunk) - YTD G&A expenses increased by **$48.3 million (28%)** YoY, primarily due to a **$34.4 million** charge for the resolution of a legal matter with Intertrust[252](index=252&type=chunk) [Liquidity, Capital Resources, and Financial Condition](index=51&type=section&id=Liquidity%2C%20Capital%20Resources%2C%20and%20Financial%20Condition) As of July 1, 2022, Dolby maintained strong liquidity with **$858.9 million** in cash and **$263.5 million** in investments, returning capital via **$310.5 million** in YTD stock repurchases and **$75.8 million** in dividends, despite a decrease in operating cash flow to **$267.3 million** Key Liquidity Metrics (in thousands) | Metric | July 1, 2022 | September 24, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $858,905 | $1,225,380 | | Total Investments | $263,538 | $101,658 | | Working capital | $1,219,234 | $1,444,781 | - YTD cash used in financing activities increased significantly to **$368.1 million** from **$165.7 million** in the prior year, driven by higher common stock repurchases[278](index=278&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are interest rate sensitivity, with a **1%** rate change impacting the investment portfolio by **$2.3 million**, and foreign currency exchange risk, where a **10%** USD shift impacts derivative instruments by **$7.3 million** - A hypothetical **1%** change in interest rates would impact the carrying value of the company's investment portfolio by approximately **$2.3 million** as of July 1, 2022[285](index=285&type=chunk) - A sensitivity analysis on foreign currency forward contracts indicated that a **10%** shift in the value of the U.S. dollar would change the fair value of these instruments by **$7.3 million**[293](index=293&type=chunk) [Controls and Procedures](index=56&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of July 1, 2022, with no material changes in internal control over financial reporting during the quarter - The CEO and CFO concluded that as of July 1, 2022, the company's disclosure controls and procedures were effective to meet their objectives at a reasonable assurance level[297](index=297&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[298](index=298&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=57&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, not expecting a material adverse impact, except for the Intertrust litigation matter detailed in Note 15 - The company is involved in various legal proceedings but does not expect them to have a material adverse impact, other than the litigation matter with Intertrust discussed in Note 15[301](index=301&type=chunk) [Risk Factors](index=57&type=section&id=Item%201A.%20Risk%20Factors) This section details significant risks, including COVID-19 impacts, dependence on licensees, media distribution trends, intense competition, intellectual property protection challenges, supplier reliance, and international operations and tax regulations - COVID-19 continues to pose a significant risk, impacting supply chains, consumer product demand, and particularly the cinema market through social distancing and operational disruptions[304](index=304&type=chunk)[305](index=305&type=chunk) - The business is highly dependent on licensees incorporating Dolby technologies into their products, and is exposed to risks from changing media consumption trends, such as the shift from optical discs and cable to streaming services[311](index=311&type=chunk)[312](index=312&type=chunk) - Protecting intellectual property is critical, with risks including patent expiration, unauthorized IP use in markets like China, and potential for costly IP litigation[343](index=343&type=chunk)[347](index=347&type=chunk)[351](index=351&type=chunk)[352](index=352&type=chunk) - The Dolby family and their affiliates control approximately **85.1%** of the combined voting power of the company's stock, giving them significant influence over management and corporate matters[395](index=395&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=72&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports on equity repurchase activity, with Dolby repurchasing **2,549,474** shares for approximately **$190.0 million** in Q3 fiscal 2022, leaving **$230.9 million** authorized for future repurchases Share Repurchase Activity (Q3 Fiscal 2022) | Period | Total Shares Repurchased | Average Price Paid Per Share | Remaining Authorization | | :--- | :--- | :--- | :--- | | Apr 2 - Apr 29, 2022 | — | $— | $420.9 million | | Apr 30 - May 27, 2022 | 1,071,950 | $74.73 | $340.7 million | | May 28 - Jul 1, 2022 | 1,477,524 | $74.38 | $230.9 million | | **Total for Quarter** | **2,549,474** | **N/A** | **$230.9 million** | [Exhibits](index=73&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications pursuant to the Sarbanes-Oxley Act and XBRL interactive data files - The exhibits filed with this report include certifications from the Chief Executive Officer and Chief Financial Officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act[412](index=412&type=chunk)

Dolby Laboratories, Inc. (NYSE:DLB) Q2 2022 Earnings Conference Call May 5, 2022 4:30 PM ET Company Participants Ashley Schwenoha - Senior Manager-Investor Relations Kevin Yeaman - Chief Executive Officer Robert Park - Chief Financial Officer Conference Call Participants Ralph Schackart - William Blair Paul Chung - JPMorgan Jim Goss - Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal Second Quarter Results. Durin ...