Dolby Laboratories Roars into Fiscal 2025 with Strong First Quarter Results
January 29, 2025 - San Francisco, CA - Dolby Laboratories, the renowned leader in audio and visual technologies, has kicked off its fiscal year 2025 on a high note. The company's recent conference call, hosted by Vice President Peter Goldmacher, revealed impressive first quarter results that have set the tone for a promising year ahead.
According to CEO Kevin Yeaman, both licensing revenue and total revenue for the quarter came in towards the high end of the range provided on their last earnings call. Non-GAAP earnings also surpassed expectations, coming in above the high end of the forecasted range. This strong start to the year has instilled confidence in the company's ability to meet its annual financial guidance.
The company's foundational revenues are expected to remain relatively flat for the full year, while Dolby Atmos, Dolby Vision, and imaging patents are poised to experience growth of approximately 15%. Notably, Dolby's creative community continues to demonstrate robust support for these technologies. The 2025 Grammy nominees for Best New Artist are all available in Dolby Atmos, and seven out of eight nominees for Record of the Year and Album of the Year are also available in this immersive audio format.
In addition to music, Dolby's presence is felt across various platforms, including movies, TV shows, live sports, and user-generated content. The company's innovative technologies have been integrated into a wide range of products, from cars to soundbars, as evident at the recent Consumer Electronics Show (CES). Notably, over 20 OEMs have partnered with Dolby, featuring more than 60 models that boast Dolby Atmos capabilities.
Mercedes, one of the company's earliest partners, had an impressive 15 models available by the end of 2024. Furthermore, Lee Auto has become the first car in market to support both Dolby Atmos and Dolby Vision. In-car entertainment is a significant investment priority for automotive manufacturers, as consumers increasingly spend more time enjoying immersive experiences behind the wheel.
The growing ecosystem around in-car entertainment is also gaining momentum, with major players like Samsung Display announcing plans to include Dolby Vision in their automotive displays. Texas Instruments has also pledged support for Dolby Atmos in its new family of chips for automakers, making it easier for OEMs to adopt and implement these technologies.
On the TV front, Amazon recently announced that its Fire TV Omni mini LED will support Dolby Atmos and Dolby Vision. CES saw a flurry of new Dolby Atmos and Dolby Vision-enabled TV launches from partners such as Hisense, TCL, Panasonic, Sharp, and RCA.
