Strong Financial Performance
Total revenue for Q1 FY '25 was $357 million, up 13% compared to the year-ago quarter. Licensing revenue was $330 million, up 12% year-over-year. Non-GAAP earnings came in above the high end of the guidance range.
Growth in Dolby Atmos and Dolby Vision
Dolby Atmos and Dolby Vision are positioned to grow roughly 15% for the full year. Over 80% of the domestic box office and almost 70% of the global box office came from titles released in Dolby Atmos and Dolby Vision in 2024.
Automotive and Mobile Expansion
Partnerships with over 20 OEMs in automotive, with over 60 models in market featuring Dolby Atmos. Mobile segment saw a 74% year-over-year increase in revenue.
Positive Momentum in Consumer Electronics
New Dolby Atmos and Dolby Vision-enabled TV launches from partners including Hisense, TCL, Panasonic, Sharp, and RCA. Amazon launched its first soundbars supporting Dolby Atmos.
Strong Cash Flow and Shareholder Returns
Generated $107 million in operating cash flow, repurchased $15 million worth of common stock, and declared a $0.33 dividend, up 10% from the prior year.