Revenue Generation and Licensing - Dolby Laboratories generates the majority of its revenue from licensing audio technologies, with approximately 500 active licensing arrangements as of April 1, 2022[178]. - The company holds around 16,400 issued patents related to its technologies, which significantly contribute to its licensing revenue[178]. - The revenue composition for the fiscal year ending April 1, 2022, shows that 33% comes from broadcast, 21% from mobile, 17% from consumer electronics, 18% from PCs, and 11% from other sources[179]. - Dolby's key technologies include Dolby Atmos, Dolby Vision, and various audio codecs, which enhance media playback experiences across multiple platforms[179]. - The company has implemented a two-tier licensing model, where semiconductor manufacturers first license technologies before they are sold to OEMs[180]. - Dolby Cinema partnerships allow the company to earn revenue through a share of box office receipts, recognized as licensing revenue[187]. - Dolby's licensing revenue is primarily driven by the adoption of audio and imaging technologies, with foundational audio technologies expected to reflect market trends in device shipments[201]. Market Challenges and COVID-19 Impact - The COVID-19 pandemic has negatively impacted consumer purchasing activity and supply chains, affecting demand for products incorporating Dolby's technologies[195]. - The company continues to monitor the evolving situation of COVID-19 and its impact on business operations and revenue[196]. - The company faces challenges in the broadcast market due to geopolitical issues and the impact of COVID-19 on consumer demand and manufacturing capabilities[211]. - COVID-19 continues to impact the cinema market, with uncertainty regarding full capacity operations and box office receipts fluctuating[199]. - The ongoing impact of COVID-19 has negatively affected demand for cinema products and services, with supply chain constraints also posing challenges[234]. Product and Service Offerings - The company offers various services to support theatrical and television production, including equipment training and maintenance[192]. - The developer platform, Dolby.io, enables access to audio and video APIs, expanding the addressable market for the company's technologies[191]. - Dolby Cinema sites are operating at approximately 85% capacity, subject to local regulations, with over 400 theatrical titles in Dolby Vision and Dolby Atmos announced or released, up from over 375 at the end of fiscal 2021[227]. - As of the end of the second quarter of fiscal 2022, there are over 6,500 Dolby Atmos screens installed or committed, with over 2,200 Dolby Atmos theatrical titles announced or released[231]. - Major streaming partners like Netflix, Disney+, and Amazon continue to enable more content in Dolby formats, enhancing the adoption of Dolby Vision and Dolby Atmos across devices[205]. - Dolby has expanded its presence in the mobile market, with new devices from Lenovo, Xiaomi, and OPPO supporting Dolby Atmos and Dolby Vision[214]. - The company continues to focus on expanding its leadership in audio and imaging solutions for premium entertainment content, including music and gaming[200]. Financial Performance - Licensing revenue for the fiscal quarter ended April 1, 2022, was $313,833, a 3% increase from $303,585 for the same quarter in 2021[242]. - Total revenue for the fiscal year-to-date ended April 1, 2022, was $646,117, down 5% from $676,590 for the same period in 2021[242]. - Products revenue increased by 29% to $20,538 for the fiscal quarter ended April 1, 2022, compared to $15,973 for the same quarter in 2021[246]. - Gross margin for licensing was 95% for both the fiscal quarter ended April 1, 2022, and the same quarter in 2021[242]. - The company reported a gross margin percentage of 8% for products and services revenue for the fiscal quarter ended April 1, 2022, compared to a negative 2% for the same quarter in 2021[246]. - Net income attributable to controlling interest for the quarter ended April 1, 2022, was $201 million, compared to a loss of $128 million in the same quarter of the previous year, representing a 257% change[268]. Expenses and Investments - Research and Development expenses primarily consist of employee compensation, stock-based compensation, and consulting costs[249]. - Sales and marketing expenses for Q1 2022 were $84,230, an increase of $6,184 or 8% compared to $78,046 in Q1 2021, representing 25% of total revenue[251]. - General and administrative expenses for Q1 2022 were $98,693, an increase of $39,295 or 66% compared to $59,398 in Q1 2021, representing 30% of total revenue[255]. - Restructuring charges for Q1 2022 were $5,162, an increase of $4,421 or 597% compared to $741 in Q1 2021, representing 2% of total revenue[260]. - Year-to-date research and development expenses increased to $136,245, up $6,665 or 5% from $129,580 in the previous year[250]. - Year-to-date sales and marketing expenses increased to $181,400, up $27,909 or 18% from $153,491 in the previous year[251]. - Year-to-date general and administrative expenses increased to $161,137, up $47,285 or 42% from $113,852 in the previous year[255]. - Year-to-date restructuring charges decreased to $5,067, down $5,697 or 53% from $10,764 in the previous year[260]. Cash Flow and Investments - Cash and cash equivalents as of April 1, 2022, totaled $900.4 million, down from $1.2 billion as of September 24, 2021[273]. - Net cash provided by operating activities decreased by $71 million to $94.7 million for the year-to-date period ended April 1, 2022, compared to $165.6 million for the same period last year[280]. - Net cash used in investing activities increased significantly to $(247.1) million for the year-to-date period ended April 1, 2022, compared to $(15.8) million for the same period last year[281]. - The company had short and long-term investments totaling $265.8 million as of April 1, 2022, primarily in corporate bonds and government securities[272]. - The weighted-average credit quality of the investment portfolio was AA+ with a weighted-average maturity of approximately ten months as of April 1, 2022[290]. - A 10% increase in the value of the U.S. dollar would decrease the fair value of financial instruments by $2.9 million, while a 10% decrease would increase the fair value by the same amount[299]. - The total notional amounts of outstanding foreign currency contracts were $87.8 million as of April 1, 2022, compared to $51.0 million as of September 24, 2021[298]. Internal Controls and Legal Matters - The company maintains disclosure controls and procedures to ensure timely and accurate reporting of required information[302]. - There were no changes in internal control over financial reporting during the fiscal quarter ending April 1, 2022, that materially affected the internal control[304]. - The company is involved in various legal proceedings, but resolution of these matters is not expected to materially impact operating results or financial condition[307].

Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $352 million, which was within the guidance range but included a negative true-up of $6 million due to lower than estimated unit shipments in foundational audio technologies [27] - Year-over-year, Q1 revenue was approximately $38 million lower than Q1 2021, impacted by a $21 million true-up in Q1 2021 versus the $6 million negative true-up in Q1 2022 [28] - Net income on a GAAP basis was $80 million or $0.77 per diluted share, compared to $135.2 million or $1.30 per diluted share in Q1 of the previous year [37] Business Line Data and Key Metrics Changes - Licensing revenue comprised $332.3 million, while products and services revenue was $19.3 million, reflecting ongoing improvements in the cinema industry globally [28] - Broadcast licensing represented 37% of total licensing but declined by about $18 million or 13% year-over-year due to timing of revenue and lower recoveries [29] - Mobile licensing decreased by $31 million or 29% compared to Q1 of last year, although growth is anticipated for the full year [30] Market Data and Key Metrics Changes - Consumer electronics licensing increased by approximately $6 million or 11% year-over-year, driven by higher foundational audio revenues for DMAs and soundbars [31] - PC revenues increased by 6% or $2 million compared to the prior year, driven by new imaging patent licenses and higher Dolby Vision adoption [32] - Other markets were essentially flat year-over-year, with lower revenues from gaming offset by higher revenues from Dolby Cinema [33] Company Strategy and Development Direction - The company is focused on expanding Dolby Atmos and Dolby Vision experiences across various devices and services, with a strong emphasis on partnerships with major brands like Samsung and LG [10][11] - Dolby.io is seen as a significant growth area, with a market opportunity estimated at about $5 billion, focusing on virtual live performances, online events, and gaming [20] - The acquisition of Millicast is expected to enhance the capabilities of Dolby.io, allowing developers to stream interactive experiences to larger audiences [23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain economic environment due to the ongoing pandemic, particularly regarding supply chain issues and consumer spending behavior [40] - For Q2, total revenues are expected to range from $315 million to $345 million, with licensing revenues anticipated to increase primarily from higher broadcast and PC revenues [41] - The full-year revenue guidance remains at $1.34 billion to $1.4 billion, reflecting a year-over-year growth of about 5% to 9% [46] Other Important Information - The company announced a cash dividend of $0.25 per share, payable on February 23, 2022 [39] - The total gross margin for Q1 was 90.7% on a GAAP basis and 91.3% on a non-GAAP basis [34] - Operating expenses for Q1 on a GAAP basis were $228.3 million, an increase from $189.8 million in the prior year [34] Q&A Session Summary Question: Visibility into back half recovery and revenue shape for the year - Management indicated that while there are uncertainties, strength in Dolby Vision, Atmos, and imaging patents provides confidence in the latter half of the year [52][53] Question: Details on Samsung's adoption of Dolby Atmos - Management expressed excitement about the progression of the relationship with Samsung, highlighting the importance of bringing more content to their devices [54] Question: Progress on Dolby.io and customer examples - Management shared that the programmable spatial audio feature has generated significant interest, with developers creating virtual concert experiences and other interactive applications [56][57] Question: Interest from other auto OEMs for Dolby Atmos - Management confirmed strong engagement across the automotive industry, particularly with Mercedes and Neo, showcasing the impact of Dolby Atmos in vehicles [66] Question: Future acquisition plans and stock buyback acceleration - Management expressed excitement about the Millicast acquisition and indicated that there will be opportunities for further acquisitions in the Dolby.io space [68] - The company plans to increase stock buybacks in the coming quarters due to the newly authorized buyback capacity [70]

Revenue Generation and Licensing - Dolby Laboratories generates the majority of its revenue from licensing audio technologies, with over 500 active licensing arrangements as of December 31, 2021[171]. - The company holds approximately 16,200 issued patents related to its technologies, which significantly contribute to its licensing revenue[171]. - The revenue composition for the fiscal year ended December 31, 2021, shows that 37% came from broadcast, 23% from mobile, 17% from consumer electronics, 10% from PC, and 13% from other sources[172]. - Dolby's licensing revenue is primarily driven by the adoption of foundational audio technologies, with a focus on DD+, Dolby Atmos, and Dolby Vision[192]. - Dolby's licensing models include a two-tier model and an integrated licensing model, allowing for flexibility in how technologies are licensed to OEMs and software vendors[173][177]. - Licensing revenue for the quarter ended December 31, 2021, was $332.3 million, a decrease of 11% from $373.0 million for the quarter ended December 25, 2020[234]. - The Broadcast market accounted for $121.6 million in licensing revenue, while Mobile and CE markets contributed $74.9 million and $57.6 million, respectively[234]. Impact of COVID-19 - Dolby's cinema market has been adversely affected by COVID-19, leading to a significant reduction in box office receipts and lower demand for cinema products and services[188]. - The COVID-19 pandemic has caused supply chain disruptions and economic uncertainty, negatively impacting consumer demand for products incorporating Dolby's technologies[187]. - Dolby expects continued impact from COVID-19 on business operations, influenced by factors such as vaccine distribution and government actions[190]. - The company continues to monitor the impact of COVID-19 on demand and supply chain constraints affecting cinema products and services[225]. Technology and Product Development - The company has launched its developer platform, Dolby.io, to expand its addressable market and enable developers to create high-quality, interactive applications[170]. - Dolby's key technologies include Dolby Atmos, which provides an immersive audio experience, and Dolby Vision, which enhances image quality through high dynamic range[172]. - The company aims to significantly expand the types of content that can be enhanced through its technologies and capabilities over time[181]. - The company introduced the Spatial Audio feature in Q1 2022, enhancing the Dolby.io platform for developers[227]. - Dolby.io is still in its early stages, and its future revenue contribution remains uncertain, dependent on developer engagement and service monetization[228]. Market Presence and Partnerships - Major streaming partners like Netflix and Disney+ continue to support Dolby formats, enhancing content availability and driving adoption[196]. - Dolby's technologies are increasingly integrated into mobile devices, with new flagship smartphones from Xiaomi and Motorola supporting Dolby Vision and Atmos[205]. - Dolby's presence in the PC market is bolstered by partnerships with manufacturers like Dell and Lenovo, with new models featuring Dolby technologies[210]. - The automotive sector is expected to generate future revenue from Dolby Atmos music playback, with NIO's ET5 model supporting Dolby Atmos[215]. - The company partners with exhibitors to deliver Dolby Cinema offerings, receiving revenue through a share of box office receipts recognized as licensing revenue[180]. Financial Performance and Expenses - Gross margin for licensing decreased to $317.3 million, representing a gross margin percentage of 96%, down from 97% in the prior year[234]. - Research and Development expenses increased by 8% to $68.8 million, accounting for 20% of total revenue, compared to 16% in the previous year[240]. - Sales and Marketing expenses rose significantly by 29% to $97.2 million, representing 28% of total revenue, up from 19% in the prior year[243]. - General and Administrative expenses increased by 15% to $62.4 million, which is 18% of total revenue, compared to 14% in the previous year[245]. - The company reported a gain on the sale of assets of $13.9 million in Q1 2021, which did not recur in Q1 2022[246]. Cash Flow and Investments - Cash and cash equivalents as of December 31, 2021, were $1,056.7 million, down from $1,225.4 million as of September 24, 2021[260]. - Total working capital decreased to $1,411.9 million as of December 31, 2021, from $1,444.8 million as of September 24, 2021[260]. - Net cash used in investing activities increased by $124.6 million to $(126.1) million in Q1 2022 compared to $(1.5) million in Q1 2021[269]. - Net cash used in financing activities rose by $26.5 million to $(72.8) million in Q1 2022 from $(46.3) million in Q1 2021[270]. - The company has returned approximately $2.1 billion to stockholders through stock repurchases since the program's initiation in fiscal 2010[264]. - The investment portfolio had a weighted-average credit quality of AA and a weighted-average maturity of approximately ten months as of December 31, 2021[276]. Risk Management and Legal Matters - The company uses forward currency contracts to hedge against foreign currency exchange rate exposure, which helps mitigate the impact of currency volatility on operating expenses[279]. - The total notional amounts of outstanding foreign currency forward contracts were $85.2 million as of December 31, 2021, compared to $51.0 million as of September 24, 2021[282]. - A 10% increase in the value of the U.S. dollar would decrease the fair value of financial instruments by $4.3 million, while a 10% decrease would increase it by the same amount[283]. - The company is involved in various legal proceedings, but resolution of these matters is not expected to materially impact operating results or financial condition[291]. Internal Controls and Taxation - The company maintains disclosure controls and procedures to ensure timely and accurate reporting of required information[286]. - There were no changes in internal control over financial reporting that materially affected the company during the fiscal quarter ending December 31, 2021[288]. - The effective tax rate improved to 12.5% in Q1 2022 from 14.5% in Q1 2021, influenced by lower income in higher tax jurisdictions[253].

Financial Data and Key Metrics Changes - Q4 EPS exceeded the midpoint of guidance while revenue was at the low end of the guidance range [7] - Full year 2021 revenue was $1.28 billion, a 10% increase from $1.16 billion in 2020, with licensing revenue at $1.21 billion and products and services revenue at $67 million [30] - Q4 revenue was $285 million, including a favorable true-up of about $3 million for Q3 shipments [29] - Operating income for Q4 was $40.4 million (14.2% of revenue) compared to $30.1 million (11.1% of revenue) in Q4 of the previous year [40] - Net income for Q4 was $44.2 million ($0.42 per diluted share), up from $26.8 million ($0.26 per diluted share) in the prior year [42] Business Line Data and Key Metrics Changes - Foundational audio technologies accounted for roughly three-quarters of licensing business in FY 2021, growing about 11% year-over-year [11] - Licensing revenue from Dolby Atmos, Dolby Vision, and imaging patent technologies grew nearly 20% in FY 2021, with expectations of over 35% growth in FY 2022 [13] - Mobile revenue increased by 15% in FY 2021, while consumer electronics licensing grew by 19% [33][34] - Other markets, including gaming and Dolby Cinema, saw a 21% increase in FY 2021, with expectations of over 25% growth in FY 2022 [37] Market Data and Key Metrics Changes - Broadcast represented about 39% of total licensing in FY 2021, with growth driven by higher adoption of Dolby technologies [31] - Mobile represented approximately 22% of total licensing, with anticipated mid to high single-digit growth in FY 2022 [33] - Consumer electronics licensing is expected to remain relatively flat year-over-year in FY 2022 [35] - PC licensing revenues were up 7% in FY 2021, with low to mid single-digit growth expected in FY 2022 [36] Company Strategy and Development Direction - The company aims to expand its addressable market through initiatives like Dolby.io, focusing on virtual live performances, online events, and gaming [22] - Continued momentum in Dolby Atmos and Dolby Vision is seen as a key driver for future growth [14] - The company is focused on increasing adoption across various content and devices while investing in growth areas [26] Management's Comments on Operating Environment and Future Outlook - Management noted a dynamic environment with uncertainties around global supply constraints and consumer spending impacting forecasts [12] - For FY 2022, the company anticipates revenue growth in the mid to high single digits, driven by Dolby Atmos and Dolby Vision [9] - Operating margins are expected to remain higher than pre-pandemic levels while investing in growth initiatives [25] Other Important Information - The company ended Q4 with approximately $1.3 billion in cash and investments, with a cash dividend of $0.25 per share announced [43] - The company plans to continue share buybacks, with $291 million of stock repurchase authorization available [43][82] Q&A Session Summary Question: Inquiry on FY 2022 revenue guidance for foundational audio revenues - Management indicated that the decrease in low single digits is influenced by unit shipment estimates and timing of contracts [51][53] Question: Comments on Dolby.io adoption and features - Management noted that improvements in API features and self-service activity are expected to drive further adoption [55][58] Question: Discussion on the metaverse and its implications - Management sees opportunities in the metaverse as it relates to audiovisual experiences, particularly through Dolby.io [60] Question: Clarification on a contract that slipped into the new fiscal year - Management explained that revenue from certain contracts can shift in timing, impacting quarterly forecasts [64][65] Question: Expectations for Dolby.io success metrics in FY 2022 - Management suggested focusing on developer engagement and experiences within targeted verticals as indicators of success [66] Question: Insights on operating expense guidance - Management highlighted factors such as a 53-week fiscal year and returning expenses from the pandemic as drivers for increased operating expenses [84][85] Question: Market share for Dolby Vision in the 4K market - Management estimated Dolby Vision's market share in 4K TVs at about 20% to 25%, up from 10% in 2019 [70] Question: State of discussions for new cinema screen signings - Management expects growth in Dolby Cinema revenues as theaters reopen, although new openings may be lower than pre-pandemic years [72]

Revenue and Licensing - Licensing revenue accounted for 95% of total revenue for the fiscal year ended September 24, 2021, up from 93% in 2020 and 89% in 2019[22] - The company generates revenue from licensing arrangements with over 500 electronics product OEM and software developer licensees[22] - The broadcast market represented 39% of licensing revenue, while mobile accounted for 22%, and consumer electronics (CE) made up 15% for the fiscal year ended September 24, 2021[25] - Licensing revenue includes recoveries from previous periods, which have become a recurring element of the business and are subject to fluctuation[32] - Dolby Cinema partnerships generate revenue through a share of box office receipts, recognized as licensing revenue[33] - Revenue from licensing businesses is dependent on OEMs and other licensees incorporating technologies into their products, with no minimum purchase commitments[86] - The availability of semiconductor components is critical for licensing revenue, with shortages potentially impacting product demand fulfillment[99] - A small number of licensees or customers may represent a significant percentage of revenue, increasing the risk of revenue decline if key relationships are lost[98] - The company’s revenue growth will depend on success in new and existing markets, including digital broadcast, mobile devices, and online media distribution[114] Technology and Innovation - Dolby's key technologies include Dolby Atmos, which provides an immersive audio experience, and Dolby Vision, which enhances imaging quality with high dynamic range[25] - The company is expanding its addressable market through the launch of its developer platform, Dolby.io, enabling developers to create high-quality, interactive applications[21] - The two-tier licensing model allows semiconductor manufacturers to incorporate Dolby technologies into their products, which are then sold to OEMs[26] - The integrated licensing model combines implementation and system licensing, allowing software vendors to incorporate Dolby technologies into their products[30] - Dolby launched a developer platform, Dolby.io, providing access to technologies through APIs, aimed at expanding content enhancement capabilities[36] - The success of new initiatives like Dolby Atmos and Dolby Vision depends on the availability of products and content in these formats, which is subject to market conditions and competition[118] - The company is transitioning its audio licensing business to newer technologies like DD+ and Dolby AC-4 to maintain revenue streams[126] Financial Performance and Expenses - R&D expenses for fiscal year ended September 24, 2021, were $253.64 million, an increase from $239.05 million in the previous year[50] - Sales and marketing expenses for the fiscal year ended September 24, 2021, were $332.67 million, slightly down from $335.93 million in the previous year[54] - COVID-19 has adversely impacted operations and financial performance, leading to disruptions in supply chains and delays in product launches[80] - The cinema market continues to be affected by COVID-19, resulting in significant reductions in box office receipts and lower demand for cinema products and services[81] - The company faces challenges in having its technologies adopted as industry standards, which may limit its licensing practices and revenue potential[106] - The company has experienced issues with inaccurate royalty reporting from licensees, which may lead to fluctuations in operating results and revenue recognition[110] Market and Economic Conditions - Economic conditions, including those influenced by COVID-19, may suppress consumer demand for discretionary goods that incorporate Dolby's technologies[100] - The shift from optical disc media to streaming services has resulted in decreased royalty revenue, particularly affecting sales of devices with optical disc drives[88] - Revenue from the PC market relies on unit shipment growth and the inclusion of technologies in computers, which may be impacted by COVID-19[93] - Dolby Cinema revenue is tied to box office receipts and the success of motion pictures, with potential risks from delays in cinematic releases and reduced operating capacity due to COVID-19[96] - The company is dependent on international sales for a substantial amount of total revenue, facing risks related to trade restrictions and tariffs[155] Intellectual Property and Legal Risks - The company faces ongoing intellectual property litigation risks, which could divert management resources and lead to significant costs[128] - The company has contractual indemnifications with licensees regarding IP rights and may defend them against third-party claims[129] - The company faces challenges in enforcing patent rights in foreign jurisdictions, particularly in countries with limited IP protections[132] - Unauthorized use of the company's intellectual property, particularly in emerging economies, poses a significant risk to revenue and market share[127] - As of September 24, 2021, Dolby held approximately 15,500 issued patents and 4,000 pending patent applications globally[39] Corporate Governance and Shareholder Matters - The Dolby family and their affiliates owned 36,012,733 shares of Class B common stock, representing 99.8% of the voting power of Class B shares as of September 24, 2021[170] - The stock repurchase program may reduce the public float of shares available for trading, and future repurchases are subject to market conditions and other factors[174] - The company has a quarterly cash dividend program initiated in October 2014, with annual increases approved by the Board of Directors, but future dividends are not guaranteed[175] - The company has a dividend policy that may be changed or canceled at the discretion of the Board of Directors[197] Employee and Community Engagement - Dolby employs 2,368 individuals globally, with a focus on employee well-being and diversity initiatives[62] - The company has established programs to support diversity and inclusion, enhancing employee engagement and community impact[68] - The company has a competitive compensation package to attract and retain employees, including cash and equity compensation[179] Operational Risks and Supply Chain - The company relies on key suppliers for materials and components, which poses risks related to price control, delivery, and quality[133] - Sole source suppliers for critical components may lead to production delays and increased costs if they fail to deliver[134] - The company relies significantly on a global network of independent distributors for marketing and distribution, which may affect future sales if distributors do not adhere to compliance policies[101] Real Estate and Assets - The company owns its principal corporate office in San Francisco, California, and additional properties in various states and internationally[185] - The lease for the corporate office at 100 Potrero Avenue, San Francisco, expires on October 31, 2024, providing approximately 70,000 square feet of space[187] - The company has a minority ownership interest of 49.0% in Dolby Properties Burbank, LLC, located in Burbank, California[186]

Dolby Laboratories, Inc. (NYSE:DLB) Q3 2021 Results Conference Call July 29, 2021 5:00 PM ET Company Participants Jason Dea - Senior Director of Corporate Finance & IR Kevin Yeaman - President, CEO & Director Lewis Chew - Executive VP & CFO Conference Call Participants Ralph Schackart - William Blair Steven Frankel - Collier Securities James Goss - Barrington Research Paul Chung - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories conference call discussing ...

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 25, 2021 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 ...

Dolby Laboratories, Inc. (NYSE:DLB) Q2 2021 Earnings Conference Call May 4, 2021 5:00 PM ET Company Participants Jason Dea - Senior Director of Corporate Finance & IR Kevin J. Yeaman - President, CEO & Director Lewis Chew - Executive VP & CFO Conference Call Participants Ralph Edward Schackart - William Blair & Company L.L.C., Research Division;Partner & Technology Analyst Steven Bruce Frankel - Colliers Securities LLC, Research Division; Senior VP & Director of Research Paul Chung - JPMorgan Chase & Co, Re ...

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 26, 2021 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. (NYSE:DLB) Q1 2021 Earnings Conference Call January 28, 2021 5:00 PM ET Company Participants Jason Dea - Director, Investor Relations Kevin Yeaman - President and Chief Executive Officer Lewis Chew - Executive Vice President and Chief Financial Officer Conference Call Participants Steven Frankel - Colliers Paul Chung - JPMorgan Jim Goss - Barrington Research Operator Ladies and gentlemen, thank you for standing by, and welcome to the Dolby Laboratories Conference Call discussing Fis ...