NYSE$DLB

Dolby Laboratories Inc. · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Dolby's Q4 2024 financial results were announced, showing increased revenue and net income compared to the same quarter last year.

Dolby Laboratories reported a revenue of $305 million for Q4 2024, up from $291 million in Q4 2023. GAAP net income increased to $59 million, or $0.61 per diluted share, compared to $9 million, or $0.09 per diluted share, in the prior year quarter. Non-GAAP net income was $78 million, or $0.81 per diluted share, compared to $64 million, or $0.65 per diluted share, for the fourth quarter of fiscal 2023.

  • Total revenue increased to $305 million compared to $291 million in Q4 2023.
  • GAAP net income rose to $59 million, or $0.61 per diluted share, from $9 million, or $0.09 per diluted share, year-over-year.
  • Non-GAAP net income was $78 million, or $0.81 per diluted share, up from $64 million, or $0.65 per diluted share, in the prior year quarter.
  • Dolby repurchased approximately 251,000 shares of its common stock.

Headline financials

Total Revenue

$305M

Previous: $291M+4.9%
EPS (adj)

$0.81

Previous: $0.65+24.6%
Capital Expenditures

-$7.38M

Previous: $8.19M-190.2%
Net Income

$59M

Previous: $9.2M+541.3%
Operating Income

$46.4M

Previous: -$3.49M+1426.7%
Gross Profit

$274M

Previous: $255M+7.6%
R&D Expense

$68.6M

No prior period
Stock-Based Comp

$29.7M

Previous: $28.2M+5.3%

Revenue & EPS history

Dolby · Revenue · Quarterly

$305M

Q4 2024+4.9%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Dolby · $291M total across 2 segments · Q4 2023

  • Licensing
    $265M
  • Products and services
    $25.4M

Forward guidance

Dolby provided estimates for its first quarter and full year of fiscal 2025. Q1 revenue is expected to range from $330 million to $360 million. Full year revenue is expected to range from $1.33 billion to $1.39 billion.

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 Q4 2024

Historical avgQ4 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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