NYSE$DLB
Dolby Laboratories Inc. · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
Dolby reported a strong start to FY25, with Dolby Atmos and Dolby Vision momentum continuing across device categories.
Dolby Laboratories reported total revenue of $357 million for Q1 2025, compared to $316 million in Q1 2024. GAAP net income was $68 million, or $0.70 per diluted share, compared to $67 million, or $0.69 per diluted share, for the same quarter last year. Non-GAAP net income was $111 million, or $1.14 per diluted share, compared to $99 million, or $1.01 per diluted share, in Q1 2024.
- Total revenue reached $357 million, up from $316 million in the first quarter of fiscal 2024.
- GAAP net income was $68 million, or $0.70 per diluted share.
- Non-GAAP net income amounted to $111 million, or $1.14 per diluted share.
- Dolby repurchased approximately 186,000 shares of its common stock for approximately $15 million.
Headline financials
Revenue & EPS history
Dolby · Revenue · Quarterly
$357M
Revenue by segment
Dolby · $291M total across 2 segments · Q4 2023
- Licensing$265M—91.3%
- Products and services$25.4M—8.7%
Forward guidance
Dolby provided estimates for its second quarter of fiscal 2025 and full year fiscal 2025.
Tailwinds
- Total revenue is estimated to range from $355 million to $385 million for Q2 2025.
- Licensing revenue is estimated to range from $330 million to $360 million for Q2 2025.
- Diluted earnings per share is anticipated to range from $0.77 to $0.92 on a GAAP basis and from $1.19 to $1.34 on a non-GAAP basis for Q2 2025.
- Total revenue is expected to range from $1.33 billion to $1.39 billion for the full year of fiscal 2025.
- Licensing revenue is estimated to range from $1.22 billion to $1.28 billion for the full year of fiscal 2025.
Headwinds
- Dolby's financial outlook relies on estimates of royalty-based revenue that are subject to uncertainty.
- Actual results could differ materially due to macroeconomic conditions, including supply chain constraints, international conflicts, geopolitical instability, and fluctuations in inflation and interest rates.
- Uncertainty resulting from these factors has greatly reduced its visibility into Dolby’s future outlook.
- Operating expenses are anticipated to range from $230 million to $240 million on a GAAP basis and from $190 million to $200 million on a non-GAAP basis for Q2 2025.
- Diluted earnings per share is anticipated to range from $2.39 to $2.54 on a GAAP basis and from $3.99 to $4.14 on a non-GAAP basis for the full year of fiscal 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
-0.9%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-0.5%
Avg return
30 days after
43%
29 / 68 earnings
Positive
+14.9%
Q4 2024
Best reaction
-24.2%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -10.5% | -9.6% | -13.0% | |
| Q1 2026 | +1.8% | +2.3% | +5.6% | |
| Q4 2025 | -0.0% | +2.8% | +2.0% | |
| Q2 2025 | -1.9% | -3.6% | -2.5% | |
| Q1 2025 | +8.3% | +4.6% | +1.2% | |
| Q4 2024 | +14.9% | +12.9% | +8.6% | |
| Q3 2024 | -7.6% | -9.3% | -6.9% | |
| Q2 2024 | +5.8% | +6.9% | +4.4% | |
| Q1 2024 | -3.5% | -4.5% | -1.0% | |
| Q4 2023 | -8.0% | -4.1% | -1.3% | |
| Q3 2023 | -9.8% | -11.7% | -3.2% | |
| Q2 2023 | +2.3% | +1.6% | +0.8% | |
| Q1 2023 | +7.4% | +5.5% | +3.8% | |
| Q4 2022 | -1.5% | -0.8% | +1.0% | |
| Q3 2022 | +0.9% | +3.0% | -5.7% | |
| Q2 2022 | -9.0% | -8.0% | -0.9% | |
| Q1 2022 | -13.8% | -13.0% | -17.7% | |
| Q4 2021 | -1.0% | +1.2% | +4.0% | |
| Q3 2021 | +1.6% | +4.4% | +4.7% | |
| Q2 2021 | -6.2% | -6.5% | -7.7% | |
| Q1 2021 | +1.7% | +5.3% | +12.7% | |
| Q4 2020 | +3.8% | +6.3% | +8.4% | |
| Q3 2020 | +1.9% | +0.8% | +2.0% | |
| Q2 2020 | -5.1% | -0.1% | +8.7% | |
| Q1 2020 | -0.5% | +1.0% | -5.3% | |
| Q4 2019 | +5.6% | +6.3% | +3.2% | |
| Q3 2019 | -13.6% | -14.1% | -9.6% | |
| Q2 2019 | +0.8% | +0.9% | -4.2% | |
| Q1 2019 | +3.1% | +3.5% | +3.7% | |
| Q4 2018 | -3.0% | -3.6% | +0.4% | |
| Q3 2018 | +5.3% | -0.7% | +11.7% | |
| Q2 2018 | -7.6% | -10.1% | -8.5% | |
| Q1 2018 | +8.5% | +2.1% | -3.7% | |
| Q4 2017 | -5.3% | -5.1% | +4.1% | |
| Q3 2017 | +2.4% | -1.5% | -8.0% | |
| Q2 2017 | -0.1% | -3.6% | -3.9% | |
| Q1 2017 | -1.6% | -2.9% | -0.7% | |
| Q4 2016 | -3.4% | -4.9% | -5.9% | |
| Q3 2016 | -1.0% | -1.3% | -1.1% | |
| Q2 2016 | +12.3% | — | — | |
| Q1 2016 | +10.7% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | -5.7% | — | — | |
| Q2 2015 | +9.5% | — | — | |
| Q1 2015 | -7.9% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | +2.0% | — | — | |
| Q2 2014 | -8.7% | — | — | |
| Q1 2014 | +1.5% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | +4.6% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -3.5% | — | — | |
| Q3 2012 | -14.9% | — | — | |
| Q2 2012 | +14.3% | — | — | |
| Q1 2012 | +6.4% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -24.2% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q1 2010 | -2.2% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q4 2008 | -1.0% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q4 2009 | -4.5% | — | — | |
| Q3 2010 | -4.5% | — | — | |
| Q3 2009 | -4.5% | — | — |
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