Automotive Segment Expansion
Porsche, Cadillac, Volvo, Xiaomi, and Hyundai announced new models incorporating Dolby Atmos and Dolby Vision. Two additional manufacturers, NIO and Zeekr, integrated Dolby Vision, totaling three brands and nine car models.
Positive Revenue and Earnings Results
Q2 revenue was $370 million, aligning with guidance, and a 1% increase year-over-year, with licensing revenue up 2%. Non-GAAP earnings per share were $1.34, a 5% increase year-over-year.
Mobile and TV Ecosystem Growth
Continued expansion of Dolby Vision support in smartphones, with new partners in China and additional models from OPPO, Realme, and Xiaomi. In the TV sector, new models from LG, Sharp, and Hisense now support Dolby Vision.
Cinema and Content Distribution
New Dolby Atmos and Dolby Vision theaters announced in India and South Korea, with expansion in the U.S. through AMC partnership. Major events like the Super Bowl and March Madness were broadcast in Dolby Atmos and Vision.
Strong Financial Position
Dolby repurchased $35 million worth of common stock and declared a dividend increase of 10% to $0.33 per share.