Dolby Q1 revenue $315.6M, down 5.8% YoY; GAAP EPS $0.69 vs $0.82

Dolby Laboratories, Inc.

2024-Q1 EPS reported $0.69 revenue$315,574,000

Revenue $315.6M vs $334.9M YoY; GAAP net income $67.0M ($0.69 diluted EPS), non-GAAP $98.6M ($1.01).
Declared $0.30 per share cash dividend, payable Feb 22, 2024 to holders of record Feb 13, 2024.
Repurchased 968k shares in quarter; $132M remaining under buyback authorization.
Business highlights: Apple CarPlay Dolby Atmos, Zeekr 007 EV, Indian streaming Dolby Vision, Ed Sheeran campaign.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Dolby Laboratories, Inc. reported first quarter of fiscal 2024 results: revenue 315.6 million, net income 67.0 million, EPS 0.69.

Period: first quarter of fiscal 2024
Revenue: 315.6 million
Net income: 67.0 million
EPS: 0.69
Result: reported results

Exact text from the filing

Total revenue was $315.6 million, compared to $334.9 million for the first quarter of fiscal 2023. • GAAP net income was $67.0 million, or $0.69 per diluted share, compared to GAAP net income of $79.4 million, or $0.82 per diluted share, for the first quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0001193125-24-021860

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