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Jun 30, 2023
Dolby Q3 2023 Earnings Report
Dolby reported financial results for the third quarter of fiscal 2023.
Key Takeaways
Dolby Laboratories announced its financial results for the third quarter of fiscal 2023, focusing on growing Dolby Atmos and Dolby Vision across various ecosystems.
Dolby continues to transform the way people enjoy their content.
The company is focused on growing Dolby Atmos and Dolby Vision across movies and TV.
They are also expanding in music and user-generated content ecosystems.
Dolby announced a cash dividend of $0.27 per share of Class A and Class B common stock, payable on August 22, 2023.
Dolby
Dolby
Forward Guidance
Dolby provided estimates for its fourth quarter and full year of fiscal 2023, but actual results could differ materially due to macroeconomic factors, geopolitical instability, inflation, and elevated interest rates.
Challenges Ahead
- Supply chain constraints.
- International conflicts.
- Consumer demand for electronic products.
- Geopolitical instability.
- Concerns around inflation and elevated interest rates.