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Dolby Laboratories Announces Conference Call and Webcast for Q2 Fiscal 2025 Financial Results
Prnewswire· 2025-04-08 20:15
Core Viewpoint - Dolby Laboratories, Inc. will announce its financial results for the second quarter of fiscal year 2025 on May 1, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for Q2 fiscal year 2025 will be released after the close of regular trading on May 1, 2025 [1] - A conference call will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the financial results [1] Group 2: Teleconference Access - Access to the teleconference can be obtained via the investor relations website or by dialing the provided phone numbers [2] - A replay of the call will be available from May 1, 2025, at 5:00 p.m. PT until May 8, 2025, at 8:59 p.m. PT [3] Group 3: Company Overview - Dolby Laboratories is based in San Francisco and operates globally, focusing on enhancing entertainment experiences through technology [4] - The company collaborates with various stakeholders in the entertainment and communications sectors to innovate with products like Dolby Atmos and Dolby Vision [4]
DLB, AMC Expand Partnership to Boost the Premium Moviegoing Experience
ZACKS· 2025-04-01 14:10
Core Insights - Dolby Laboratories, Inc. (DLB) is expanding its collaboration with AMC Entertainment (AMC) by adding 40 more Dolby Cinema locations across the United States by the end of 2027, resulting in a total of over 200 locations, marking a 25% increase [1] - Dolby Cinema offers an immersive movie experience with Dolby Vision's picture quality and Dolby Atmos' sound, reinforcing both companies' commitment to enhancing the existing network [2][3] - The expansion aligns with AMC's strategy to enhance premium offerings, ensuring audiences receive the best visual experience [3] Industry Trends - The industry is shifting towards premium formats, with audiences increasingly preferring higher-quality viewing experiences [4] - In 2024, Dolby Cinema achieved its strongest box office performance, surpassing revenues from 2023, with 49 out of the top 50 films presented in Dolby Cinema over the past five years [4] - The robust content pipeline, with over 725 theatrical features confirmed in Dolby Vision and Dolby Atmos, is a key driver of Dolby Cinema's success [5] Technological Advancements - Advancements in visual and audio technology are expected to enhance the Dolby Cinema experience as the collaboration between Dolby and AMC continues [6] - The adoption of Dolby Atmos in various sectors, including music production, is driving top-line momentum for DLB, with 93% of Billboard's 2024 Top 100 Artists releasing music in Dolby Atmos [7] - In 2024, nearly 80% of the domestic box office and almost 70% of global box office titles were released in Dolby Atmos and Dolby Vision formats [8] Financial Outlook - For fiscal 2025, DLB expects growth of around 15% from Dolby Atmos and Dolby Vision, along with imaging patents [9] - DLB currently holds a Zacks Rank 2 (Buy), with shares having lost 3.7% in the past year compared to a 15.7% decline in the Zacks Audio Video Production industry [10]
Are Consumer Discretionary Stocks Lagging Dolby Laboratories (DLB) This Year?
ZACKS· 2025-03-31 14:42
Company Overview - Dolby Laboratories (DLB) is currently ranked 2 (Buy) in the Zacks Rank system, indicating a favorable outlook for the stock [3] - The Zacks Consensus Estimate for DLB's full-year earnings has increased by 1.1% over the past quarter, reflecting improved analyst sentiment [4] Performance Analysis - DLB has returned 2.3% year-to-date, outperforming the Consumer Discretionary sector, which has seen an average return of -5% [4] - In comparison, Fox Corporation (FOX) has returned 10.5% year-to-date and has a Zacks Rank of 1 (Strong Buy) [5] Industry Context - Dolby Laboratories is part of the Audio Video Production industry, which is currently ranked 10 in the Zacks Industry Rank, with an average loss of 5.2% this year [6] - The Broadcast Radio and Television industry, to which Fox Corporation belongs, is ranked 68 and has seen a positive return of +4.8% year-to-date [6]
Dolby and AMC Entertainment announce major expansion of Dolby Cinema at AMC in the US, with 40 additional auditoriums to be added by the end of 2027
Prnewswire· 2025-03-31 12:30
Core Insights - AMC and Dolby are expanding their partnership by adding 40 new Dolby Cinema locations in the US by the end of 2027, representing a nearly 25% increase in Dolby Cinema auditoriums, bringing the total to over 200 [2][4] - Dolby Cinema offers a premium moviegoing experience with Dolby Vision ultra-vivid picture quality and Dolby Atmos immersive sound, enhancing the overall cinematic experience for audiences [3][4] - The partnership reflects AMC's commitment to innovative technology and premium experiences, which are increasingly defining the modern box office [4][5] Company Overview - Dolby Laboratories is a leader in immersive entertainment experiences, with a strong content pipeline of over 725 theatrical features released or confirmed in Dolby Vision and Dolby Atmos [6][7] - AMC Entertainment is the largest theatrical exhibitor globally, with approximately 900 theatres and 10,000 screens, and has been a pioneer in the exhibition industry through various innovations [8][9]
Is Dolby Laboratories (DLB) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2025-03-13 14:40
Group 1 - Dolby Laboratories is part of the Consumer Discretionary sector, which includes 268 companies and is currently ranked 12 in the Zacks Sector Rank [2] - The Zacks Rank system focuses on earnings estimates and revisions, with Dolby Laboratories holding a Zacks Rank of 2 (Buy), indicating a positive earnings outlook [3] - Over the past quarter, the Zacks Consensus Estimate for Dolby's full-year earnings has increased by 1.1%, reflecting improved analyst sentiment [4] Group 2 - Dolby Laboratories has gained approximately 4% year-to-date, outperforming the average return of -4.8% for the Consumer Discretionary sector [4] - In the Audio Video Production industry, which includes 8 stocks, Dolby is ranked 12 and has performed better than the industry's average loss of 2.7% this year [6] - Comparatively, Netflix, another stock in the Consumer Discretionary sector, has a year-to-date return of 3.2% and a Zacks Rank of 1 (Strong Buy) [5][7]
Dolby and General Motors Bring Dolby Atmos to Cadillac's Entire 2026 EV Lineup
Prnewswire· 2025-03-10 13:01
Core Insights - Dolby Laboratories and General Motors announced that Dolby Atmos will be integrated into Cadillac's entire 2026 electric vehicle lineup, including models like ESCALADE IQL, ESCALADE IQ, LYRIQ-V, OPTIQ, and VISTIQ [1][2] - The collaboration aims to enhance in-car entertainment, providing a transformative audio experience that aligns with Cadillac's innovation strategy [4] Company Overview - Dolby Laboratories is a leader in immersive entertainment experiences, focusing on transforming audio and visual technology for various media [6] - General Motors is advancing towards an all-electric future, emphasizing safety, smart technology, and lower emissions across its vehicle lineup [7] Market Trends - There is a growing consumer demand for high-quality, immersive audio experiences, with nearly 90% of music streaming subscribers considering enhanced audio quality essential [4] - The integration of Dolby Atmos comes at a time when U.S. drivers collectively travel over 3 trillion miles annually, highlighting the increasing time spent in vehicles [4]
Why Is Dolby Laboratories (DLB) Down 7.2% Since Last Earnings Report?
ZACKS· 2025-02-28 17:36
Core Insights - Dolby Laboratories reported a strong first-quarter fiscal 2025 performance, with non-GAAP EPS of $1.14, surpassing the prior year's $1.01 and exceeding the Zacks Consensus Estimate by 6.5% [2] - Total revenues reached $357 million, up from $315.6 million year-over-year, and also beat the Zacks Consensus Estimate by 3.1% [3] - The company expects growth in Dolby Atmos and Dolby Vision, projecting a 15% increase, while foundational audio technology revenues are anticipated to remain flat year-over-year [3][6] Financial Performance - Licensing revenues were $330.5 million, a 12% increase year-over-year, bolstered by a $70 million favorable true-up related to fiscal fourth quarter shipments [4] - Products and Services revenues rose 22% year-over-year to $26.5 million [4] - Gross profit for the quarter was $316.2 million, compared to $283.5 million in the previous year, with operating income increasing to $79.9 million from $66.2 million [7] Cash Flow and Liquidity - Dolby generated $107 million in net cash from operating activities for the fiscal quarter ending December 27, 2024 [8] - The company had $520.8 million in cash and cash equivalents and total liabilities of $641.6 million as of December 27, 2024 [8] - A share repurchase of 186,000 shares was executed for $15 million, leaving $387 million available under repurchase authorization [9] Future Outlook - For Q2 fiscal 2025, Dolby estimates revenues between $355 million and $385 million, with GAAP EPS projected at 77-92 cents and non-GAAP EPS between $1.19 and $1.34 [11] - For the full fiscal 2025, revenues are expected to be in the range of $1.33 billion to $1.39 billion, with licensing revenues forecasted between $1.22 billion and $1.28 billion [12] - The company anticipates GAAP operating margin of 20% and non-GAAP operating margin of nearly 33% for fiscal 2025 [12][13] Market Sentiment - Estimates for Dolby have trended downward over the past month, with a consensus estimate shift of -8.18% [14] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [16]
Dolby Rises 17% in the Past Six Months: Should You Buy the Stock?
ZACKS· 2025-02-27 14:50
Core Viewpoint - Dolby Laboratories, Inc. (DLB) has shown strong stock performance, gaining 16.5% over the past six months, outperforming both the Audio Video Production industry and the S&P 500 composite [1] Price Performance - DLB stock closed at $81.59, down 0.1% in the last trading session, and is currently 9% below its 52-week high of $89.66 reached on January 30, 2025 [3] - The recent stock pullback, combined with strong top-line performance and new business opportunities, has attracted investor interest [3] Key Growth Catalysts - The adoption of Dolby Atmos and Dolby Vision is driving Dolby's performance, with significant momentum in content creation and new partnerships in music, movies, sports, and automotive sectors [3] - In the fiscal first quarter, all eight 2025 Grammy nominees for Best New Artist and seven out of eight nominees for Record of the Year and Album of the Year are available in Dolby Atmos [4] - Nearly 80% of the domestic box office and almost 70% of global box office titles were released in Dolby Atmos and Dolby Vision formats in 2024 [4] - Dolby has formed partnerships with over 20 OEMs, resulting in more than 60 models in the market featuring Dolby Atmos [4][5] Strategic Acquisitions - Dolby's acquisition of GE Licensing for $429 million aims to enhance its intellectual property portfolio, particularly in video codec technologies [7][9] - The acquisition of THEO Technologies for $55 million is expected to support Dolby.io offerings, addressing the demand for customized experiences in sports and entertainment [10] Financial Health and Capital Deployment - As of December 27, 2024, Dolby had $520.8 million in cash and cash equivalents and $641.6 million in total liabilities [12] - In the fiscal first quarter, Dolby repurchased 186,000 shares for $15 million, with $387 million remaining under repurchase authorization [12] - The company employs a balanced capital deployment strategy, focusing on sustainable growth, strong cash flows, and shareholder returns [11] Market Position - DLB stock is trading at a forward 12-month Price/Earnings ratio of 19.44X, significantly lower than the industry average of 43.31X, indicating a discounted valuation [14] - DLB shares are trading above their 50 and 200-day moving averages, suggesting a bullish trend [15] Investment Outlook - Dolby's positive outlook for fiscal 2025, strategic initiatives across high-growth sectors, and robust cash generation make it an attractive long-term investment [16]
Dolby Laboratories Remains Fully Valued On Slow Growth
Seeking Alpha· 2025-02-07 04:38
Group 1 - The article discusses the services provided by IPO Edge, which includes actionable information on growth stocks, first-look IPO filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a comprehensive guide to IPO investing [1]
Dolby Laboratories (DLB) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2025-01-31 14:50
Core Viewpoint - The sustainability of a trend is crucial for successful short-term investing, and confirming the fundamentals behind a stock's momentum is essential for profitability [1][2]. Group 1: Investment Strategy - Investors should utilize tools like the "Recent Price Strength" screen to identify stocks that are trending upwards and supported by strong fundamentals [3]. - A solid price increase over 12 weeks, such as Dolby Laboratories (DLB) gaining 15.1%, indicates investor confidence in the stock's potential [4]. - A recent price increase of 12.3% over the past four weeks further confirms that the upward trend for DLB is intact [5]. Group 2: Company Fundamentals - DLB is currently trading at 90% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - The stock holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - An Average Broker Recommendation of 1 (Strong Buy) indicates high optimism from the brokerage community regarding DLB's near-term price performance [7]. Group 3: Market Context - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7]. - In addition to DLB, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8].