Dolby Laboratories Inc

Latest Results (27.12.2024):

Revenue Growth

In the fourth quarter of fiscal year 2024, Dolby Laboratories Inc. reported total revenue of $305 million, marking an increase from the $291 million recorded in the same quarter of the previous year. This growth reflects the company's ongoing success in expanding its market presence and product offerings.

Net Income Increase

Dolby Laboratories Inc. achieved a significant rise in GAAP net income for the fourth quarter of fiscal 2024, reaching $59 million, or $0.61 per diluted share. This is a substantial improvement compared to the GAAP net income of $9 million, or $0.09 per diluted share, reported in the fourth quarter of fiscal 2023.

Full Year Financial Performance

For the full fiscal year 2024, Dolby Laboratories Inc. reported total revenue of $1.27 billion, slightly down from $1.30 billion in fiscal 2023. Despite the slight decrease in revenue, the company saw an increase in GAAP net income, which rose to $262 million, or $2.69 per diluted share, compared to $201 million, or $2.05 per diluted share, in the previous year.

Share Repurchase and Dividends

During the fourth quarter of fiscal 2024, Dolby Laboratories Inc. repurchased approximately 251,000 shares of its common stock. Additionally, the company announced a cash dividend of $0.33 per share of Class A and Class B common stock, payable on December 10, 2024, to stockholders of record as of December 3, 2024.

Financial Outlook

Looking ahead to fiscal 2025, Dolby Laboratories Inc. estimates total revenue for the first quarter to range from $330 million to $360 million. The company anticipates gross margins to be approximately 87% on a GAAP basis and approximately 90% on a non-GAAP basis, with diluted earnings per share expected to range from $0.53 to $0.68 on a GAAP basis and from $0.96 to $1.11 on a non-GAAP basis.