Dolby Q1 revenue $351.6M (-10% YoY); GAAP EPS $0.77 vs $1.30; dividend held at $0.25

Dolby Laboratories, Inc.

2022-Q1 EPS reported $0.77 revenue$351,633,000

Revenue of $351.6M down from $389.9M; GAAP net income $80.0M vs $135.2M YoY.
Non-GAAP EPS $1.01 vs $1.48; cash from ops $31.7M vs $82.2M YoY.
Board authorized $250M share repurchase increase, total available ~$506M.
Quarterly dividend $0.25/share payable Feb 23 to holders of record Feb 16.
Business highlights: Samsung TV adoption of Dolby Atmos, Dell/ASUS PC support, NIO ET5, Comcast Olympics.

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