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Technology Stocks : DLB Dolby Laboratories

DLB 66.32

+1.0%

Oct 31 9:30 AM EST

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From: Cooters	2/3/2022 5:37:53 PM
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Dolby Q1 2022 earnings call notes - 2/3/22 The revenue and EPS numbers were within the range but closer to the low end, There was a negative $6M trueup in the quarter that would have made up most of it. They started the call 30 minutes earlier than normal. resulting in only 2 analysts joining Q&A. There also was a new guy named Robert that did the CFO part. - A few really big and important customer additions recently. Dell and ASUS will be supporting DA and DV in their PCs. Samsung will be adding DA in their TV lineup. More on that later. Mercedes Benz and NIO will be including DA in some car models. - Added 250M to their buyback auth. bringing it to 506M. They bought back 400K shares in Q1 and ended the Q with 1.26B in cash. In the Q&A they said there will be a meaningful step-up in buybacks in the next few quarters. - They acquired privately held Millicast to enhance their dolby.io offering, and later said we may see more of that. Millicast customers include NBC, NFL, and Disney, I think in the sports area. - Though only 2 guys called in, they both asked about DA at Samsung TVs for the first time. Samsung does use DA already in sound bars and phones. They feel this is a natural progression of Samsung adopting Dolby products. The watershed event would be Samsung adopting DV - DC revenue continues to grow but they didn't provide any metrics, probably cause they weren't asked. Cooters

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