Dolby Laboratories, Inc. Reports Earnings Results for the First Quarter Ended December 25, 2020
January 28, 2021 at 04:15 pm EST
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Dolby Laboratories, Inc. announced earnings results for the first quarter ended December 25, 2020. For the first quarter, the company announced total revenue was USD 389.874 million compared to USD 291.877 million a year ago. Operating income was USD 164.747 million compared to USD 48.590 million a year ago. Net income was USD 135.198 million compared to USD 48.753 million a year ago.
Dolby Laboratories, Inc. is engaged in designing and manufacturing of audio and imaging hardware and software products for the cinema, television, broadcast and entertainment industries. The Company's products are used in content creation, distribution and playback to enhance image and sound quality and improve transmission and playback. Its cinema imaging products include digital cinema servers used to load, store, decrypt, decode, watermark, and playback digital film files for presentation on digital cinema projectors and software used to encrypt, encode and package digital media files for distribution. Its cinema audio products include cinema processors, amplifiers and loudspeakers used to decode, render, and optimally play back digital cinema soundtracks, including those using Dolby Atmos. The Company's other products include three dimensional glasses and kits, broadcast hardware and software. Its technology includes Dolby Atmos, Dolby TrueHD, Dolby Vision and Dolby Digital Plus.
DOLBY LABORATORIES, INC. 
