Dolby Laboratories Inc
For the period ended Dec 27, 2024. Filed Jan 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 27, 2024 · Filed Jan 30, 2025
DLB$64.67-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Interim Condensed Consolidated Statements of Operations
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
| Fiscal Quarter Ended | ||
|---|---|---|
| December 27,2024 | December 29,2023 | |
| Revenue: | ||
| Licensing | $330,479 | $293,767 |
| Products and services | 26,520 | 21,807 |
| Total revenue | 356,999 | 315,574 |
| Cost of revenue: | ||
| Cost of licensing | 21,110 | 15,736 |
| Cost of products and services | 19,664 | 16,324 |
| Total cost of revenue | 40,774 | 32,060 |
| Gross profit | 316,225 | 283,514 |
| Operating expenses: | ||
| Research and development | 66,638 | 67,033 |
| Sales and marketing | 94,399 | 79,003 |
| General and administrative | 70,092 | 65,166 |
| Restructuring charges | 5,216 | 6,091 |
| Total operating expenses | 236,345 | 217,293 |
| Operating income | 79,880 | 66,221 |
| Other income/(expense): | ||
| Interest income/(expense), net | 2,646 | 9,187 |
| Other income, net | 3,525 | 5,425 |
| Total other income | 6,171 | 14,612 |
| Income before income taxes | 86,051 | 80,833 |
| Provision for income taxes | (17,981) | (13,252) |
| Net income including noncontrolling interest | 68,070 | 67,581 |
| Less: net income attributable to noncontrolling interest | (248) | (600) |
| Net income attributable to Dolby Laboratories, Inc. | $67,822 | $66,981 |
| Net income per share: | ||
| Basic | $0.71 | $0.70 |
| Diluted | $0.70 | $0.69 |
| Weighted-average shares outstanding: | ||
| Basic | 95,615 | 95,376 |
| Diluted | 97,147 | 97,439 |
| Related party rent expense: | ||
| Included in net income attributable to noncontrolling interest | $71 | $71 |
| Cash dividend declared per common share | $0.33 | $0.30 |
| Cash dividend paid per common share | $0.33 | $0.30 |
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