Dolby sees FY25 non-GAAP EPS $3.88-$4.03, consensus $4.04

Sees FY25 revenue $1.31B-$1.38B, consensus $1.35B. Sees FY25 licensing revenue $1.21B-$1.28B; gross margins approximately 87% on a GAAP basis and approximately 90% on a non-GAAP basis; operating expenses $905M-$920M on a GAAP basis and $760M-$775M on a non-GAAP basis.