Specifically, while Dolby’s press release didn’t offer anything new, CEO Kevin Yeaman didn’t disappoint during the company’s earnings conference call. He shed some light on how the Dolby Atmos, Dolby Voice, and Dolby 3D products are coming along.
Dolby Atmos, for one, has been used in 60 movies worldwide since its launch last year, including seven of the top 10 grossing titles so far this year. Just as impressive, Yeaman says, is that “all major Hollywood studios have released Dolby Atmos titles, and 35 postproduction facilities worldwide are now mixing in Dolby Atmos.” The technology is now deployed in almost 200 screens around the world.
Additionally, Dolby Voice is now expected to be available in the fourth quarter thanks to Dolby Laboratories, Inc. (NYSE:DLB)’s partnership with telecom giant BT Group plc (ADR) (NYSE:BT), through which both companies have created a new conference call solution aiming to make the experience more like an in-person meeting. Perhaps unsurprisingly, we shouldn’t expect Dolby Voice to have an immediate material impact on either BT Group plc (ADR) (NYSE:BT) or Dolby’s financial results, but Yeaman also elaborated to say feedback on the technology has been “very positive” so far.
Finally, Dolby 3D “continues to be well received,” according to Yeaman, who also took the opportunity to highlight the fact Cameron Pace Group and The Foundry — the minds behind Avatar — both announced they would integrate the format into their 3-D video production workflows.
Remember, Dolby 3D represents the company’s efforts to introduce a widely adopted glasses-free 3-D solution to the masses, and is the direct result of a partnership between Dolby and Philips which was announced in April. In addition, Yeaman says, Dolby has since “made progress further integrating the solution into the TV OEM supply chain,” without providing further detail.
As it stands, however, Dolby management says we can now expect to see products on display showcasing Dolby 3D at the 2014 Consumer Electronics Show in Las Vegas next January.
Foolish takeaway
All in all, while this was a decidedly boring quarter with no significant surprises from Dolby, long-term shareholders definitely shouldn’t be disappointed. To the contrary, they should remain encouraged by the fact the company not only continues to make progress where it counts in their pursuit of returning to sustainable growth, but has also remained solidly profitable all the while.
Eventually, the bleeding in PCs and consumer electronics will stop and, when that happens, Dolby Laboratories, Inc. (NYSE:DLB)’s progress in broadcast, mobile, and other up-and-coming segments should be more than enough to allow the company to reward shareholders handsomely.
The article 3 Takeaways From Dolby’s Earnings originally appeared on Fool.com and is written by Steve Symington.
Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Dolby Laboratories.
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