Dolby Laboratories (DLB) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.34%. A quarter ago, it was expected that this creator and licensor of audio, video and voice technologies would post earnings of $1.17 per share when it actually produced earnings of $1.27, delivering a surpr ...

技术授权业务 - 公司主要通过授权许可技术获得收入，包括音频和成像技术[229] - 公司的主要技术包括AAC、HE-AAC、AVC、Dolby Atmos、Dolby Vision等[230,231] - 公司的收入来源包括两层授权模式、集成授权模式、专利授权模式、收益回收和合作安排[235-241] - 公司的主要授权收入来自于娱乐播放的音频和成像技术授权,如DD+、Dolby Atmos、AC-4和Dolby Vision[251] - 公司正在广播市场上拓展Dolby Atmos和Dolby Vision等技术的采用[254] - 公司持续关注在移动设备市场上推广DD+、AC-4、Dolby Atmos和Dolby Vision等技术的采用[256][257] - 公司在家庭娱乐设备市场上的DD+、Dolby Atmos和Dolby Vision技术应用持续扩大[258][259] - 许可收入占总收入的93%[276] - 许可收入中广播、移动、CE、PC和其他市场的占比分别为35%、21%、14%、12%和18%[276] 产品和服务业务 - 公司提供影院成像和音频产品、广播硬件和软件、3D眼镜等产品[243,244] - 公司提供云端软件解决方案和影院、广播等领域的专业服务[245,246] - 公司的Dolby Cinema业务正在全球范围内扩张,但受到新冠疫情和电影业罢工等因素的负面影响[263][264][265] - 产品和服务收入同比下降9%[285] 成本和费用管理 - 研发费用同比下降3%[290] - 销售和营销费用同比下降6%[293] - 一般及行政费用同比增加5%[296] - 重组费用同比下降53%[300] - 公司在2024财年第三季度录得470万美元的裁员和其他相关福利费用[305] - 公司预计这些活动将在2024财年带来约300万美元的税前营业收入节省,并在2025财年带来约1100万美元的节省[302] - 公司在2023财年第四季度和2024财年第一季度分别录得1340万美元和740万美元的裁员和其他相关福利费用[303] - 公司预计这些活动将在2024财年带来约4000万美元至4500万美元的税前营业收入节省[303] - 公司在2023财年第三季度录得1090万美元的裁员和其他相关福利费用,以及690万美元的设施整合费用[304] - 公司预计这些活动将在2024财年带来约2000万美元至2500万美元的税前营业收入节省[304] 汇率风险管理 - 公司面临外汇汇率波动的风险，国际业务的财务业绩在合并时从当地货币转换为美元[340] - 公司使用远期货币合约作为现金流量套期保值工具,以减少美元营业费用的货币波动影响[341] - 现金流量套期工具在其他综合收益中确认的税前收益或损失在第三季度为0.9百万美元损失,全年累计为不重大[342] - 现金流量套期工具确认在损益中的税前收益或损失在第三季度为不重大,全年累计为1.6百万美元收益[343] - 公司还使用远期外汇合约对冲外币资产负债和预期费用,计入其他收益/费用[344] - 截至2024年6月28日和2023年9月29日,未到期远期外汇合约的名义金额分别为1.204亿美元和1.348亿美元[345] - 假设美元兑其他货币汇率上升或下降10%,将分别使公司金融工具公允价值增加或减少1.7百万美元[346] 内部控制 - 公司管理层评估认为截至2024年6月28日公司的信息披露控制和程序是有效的[348] - 2024年第三季度公司内部控制未发生重大变化,正在整合2023年收购的MPEG LA公司[349,350] 业务发展 - 公司致力于拓展音频和成像技术在高端娱乐内容领域的应用[248] - 公司的音频和成像技术广泛应用于电影和剧集内容,通过内容创作者和多种发行渠道如广播电视、流媒体和光盘播放等获得采用[249] - 公司正在通过Dolby.io使音频和成像技术应用于更多内容类型,创造新的收入机会[250] - 当前宏观经济环境对公司业务产生负面影响,包括通胀、供应链问题、消费需求下降等[247]

财务表现 - 第三季度总收入为2.888亿美元，较上年同期2.984亿美元有所下降[3] - 第三季度GAAP净利润为3840万美元，每股摊薄收益0.40美元，非GAAP净利润为6880万美元，每股摊薄收益0.71美元[4] - 公司总营收为2.89亿美元，同比下降3.2%[22] - 许可收入占总营收的92.5%，为2.67亿美元，同比下降2.2%[22,25] - 产品和服务收入为2,174万美元，同比下降13.9%[22] - 总毛利为2.53亿美元，毛利率为87.6%[22] - 营业利润为3,678万美元，同比增加130.8%[22] - 归属于Dolby Laboratories, Inc.的净利润为3,844万美元，同比增加134.4%[22,27] - 非GAAP净利润为6,875万美元，同比增加27.1%[27] 现金流与股票回购 - 公司回购了约42.3万股普通股，截至季末剩余约4.22亿美元的股票回购额度[4] - 现金及现金等价物为7.42亿美元，较上年度末减少0.5%[23] 费用情况 - 研发费用为6,550万美元，销售及市场费用为7,752万美元，管理费用为6,928万美元[22] - 股票激励费用在各项成本和费用中的占比情况[28][29] - 收购相关无形资产摊销费用在各项成本和费用中的占比情况[28][29] - 重组费用在全年的占比情况[31][32][34] 未来展望 - 公司预计第四季度总收入将在3亿至3.2亿美元之间,全年总收入预计在12.7亿至12.9亿美元之间[9][10] - 公司预计全年GAAP每股收益将在2.40美元至2.55美元之间,非GAAP每股收益将在3.60美元至3.75美元之间[11] - 公司在第四季度和全年的非GAAP营业费用预计为7.35亿美元至7.45亿美元之间[31] - 公司在第四季度和全年的非GAAP营业利润率预计为31%左右[32] - 公司在第四季度的非GAAP有效税率预计为23%[33] - 公司在第四季度的非GAAP每股摊薄收益预计为0.76美元至0.76美元之间[34] - 公司在全年的非GAAP每股摊薄收益预计为3.60美元至3.75美元之间[34] 产品和技术 - 卡迪拉克发布了搭载杜比全景声的2025 OPTIQ电动车型[5] - 理文汽车推出了第二代旗舰车型R1S SUV和R1T皮卡,均支持杜比全景声[6] - 2024年奥运会的转播将提供杜比视界和杜比全景声[6] 公司信息 - 公司联系方式[35][36]

SAN FRANCISCO, Aug. 7, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE:DLB) today announced the company's financial results for the third quarter of fiscal 2024. "Our third quarter results were in line with expectations," said Kevin Yeaman, President and CEO, Dolby Laboratories. "This quarter we continued to build momentum for the content available in Dolby Vision and Dolby Atmos, especially in sports, with viewers around the world enjoying the T20 Cricket World Cup, UEFA EURO 2024, Wimbledon, the NHL a ...

Investors in Dolby Laboratories, Inc. (DLB) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept 20, 2024 $60 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

SAN FRANCISCO, July 8, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, will release financial results for the third quarter (Q3) after the close of regular trading on Wednesday, August 7, 2024.Members of Dolby management will lead a conference call open to all interested parties to discuss Q3 financial results for Dolby Laboratories at 2:00 p.m. PT (5:00 p.m. ET) on Wednesday, August 7, 2024.Access to the teleconference will be available at http:// ...

Dolby Laboratories, Inc (DLB) recently inked an agreement to buy GE Licensing, an intellectual property licensing business from GE Aerospace (GE) .GE Licensing is a leading innovator in patent licensing and management that boasts an extensive portfolio of intellectual property related to the consumer digital media and electronics sectors. Its legacy of a rich portfolio of patents and licensing, particularly in the realm of video codec technology, is noteworthy.GE Licensing’s parent company, GE Aerospace (er ...

Acquisition to strengthen Dolby's licensing businesses and create opportunity for future growth SAN FRANCISCO, June 6, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, announced today that it has entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors.As one of the most respected companies in the field of paten ...

SAN FRANCISCO, May 23, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE: DLB) today announced that management will present at the following investor conferences:Kevin Yeaman, President and Chief Executive Officer, will host a presentation at the William Blair Growth Stock Conference in Chicago, Illinois on Tuesday, June 4, 2024 at 10:00 AM CT (11:00 AM ET).Peter Goldmacher, Vice President, Investor Relations, will host a fireside chat at the Baird Global Consumer, Technology & Services Conference in New ...

SAN FRANCISCO, May 20, 2024 /PRNewswire/ -- Dolby Laboratories, Inc. (NYSE:DLB) today announced that Kevin Yeaman, President and Chief Executive Officer, will host a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts on Tuesday, May 21, 2024, at 3:45 PM ET. A live webcast and replay of the event will be available at http://investor.dolby.com. About Dolby Laboratories Dolby Laboratories (NYSE: DLB) is based in San Francisco, California with office ...