Dolby Laboratories ( (DLB) ) has released its Q2 earnings. Here is a breakdown of the information Dolby Laboratories presented to its investors.
Dolby Laboratories, Inc., headquartered in San Francisco, is a global leader in audio and visual technology, transforming entertainment experiences with innovations like Dolby Atmos and Dolby Vision across various platforms including movies, TV, and gaming.
In its second quarter of fiscal 2025, Dolby Laboratories reported a total revenue of $370 million, a slight increase from the previous year. Despite economic uncertainties, the company continues to see robust engagement across its markets, particularly in the automotive and mobile sectors, according to CEO Kevin Yeaman.
Key financial highlights include a GAAP net income of $92 million, or $0.94 per diluted share, slightly down from the previous year. However, on a non-GAAP basis, net income rose to $131 million, or $1.34 per diluted share. The company also repurchased 429,000 shares of its common stock, maintaining a strong financial position with $352 million available for future repurchases.
Dolby continues to expand its technological reach, with recent partnerships and product launches integrating Dolby Atmos and Dolby Vision into new TVs, smartphones, and vehicles. Notable collaborations include those with Porsche, Cadillac, and Volvo, as well as an expanded partnership with AMC Entertainment to add more Dolby Cinema screens nationwide.
Looking ahead, Dolby projects third-quarter revenue between $290 million and $320 million, with licensing revenue expected to range from $265 million to $295 million. The company anticipates maintaining high gross margins and operating expenses, reflecting its strategic focus on long-term growth despite external economic challenges.