Strong Engagement with Ecosystem
Over 90% of Billboard 100 artists record in Dolby Atmos, and there is strong momentum in remixing back catalogs. Sports events like FIFA Club World Cup and Stanley Cup Finals were available in Dolby.
Automotive Partnerships Expansion
New partnerships with Audi and Tata's new Harrier EV featuring Dolby Atmos. Dolby has partnerships with almost 30 OEMs, indicating strong progress in the automotive segment.
Mobile and Social Media Growth
Motorola and Xiaomi rolled out new devices featuring Dolby technology. Increased adoption by Chinese OEMs and social media platforms supporting Dolby Vision.
Financial Performance and Guidance
Q3 revenue of $316 million, up 9% year-over-year. Licensing revenue was $290 million, up 9% year-over-year. Product and services revenue was $26 million, up 18% year-over-year.
Dividend Increase
Declared a $0.33 dividend, up 10% from the previous year.