Dolby Sees Continued Broadcast, Mobile Device Adoption
More video streaming and film content, along with smartphones and set-top boxes use Dolby, executives said after fiscal Q2 results. Revenue rose to $301.4 million from $267.5 million in the year-ago quarter and net income rose to $70.6 million vs.…
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$50.6 million, but it expects higher operating costs for the year, as high as $749 million, on unfavorable exchange rates in non-U.S. operations, said Chief Financial Officer Lewis Chew. BT and Sky Sports have been delivering live sports in Dolby Atmos, and Comcast and DirecTV delivered portions of the Winter Olympics in the immersive sound format, said CEO Kevin Yeaman.