Filing Flows › Dolby Laboratories (DLB) › Q2 FY25
Dolby Laboratories (DLB) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 1, 2025
Dolby Laboratories (DLB) reported revenue of $370M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +4% from the quarter before. Operating margin was 29.2%, net earnings $91.8M (24.8% of revenue).
Dolby Laboratories, Q2 FY25: revenue $370M (+1% year over year), operating margin 29.2%, net earnings $91.8M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $370M | +4% | +1% |
| Gross profit | $334M | +6% | +2% |
| Operating profit | $108M | +35% | -1% |
| Net earnings | $91.8M | +35% | -6% |
| Operating cash flow | $175M | +64% | -4% |
| Free cash flow | $168M | +68% | -3% |
What changed
Revenue was $369.6M in Q2 FY25, up 1% year over year and up 4% from the previous quarter. Mobile was the largest line at 27% of revenue. Mobile added $11.4M year over year (up 13%), 227% of the total change. Broadcast declined 11%.
Gross margin was 90.3%, up 0.9 points from a year earlier. Operating profit was $107.8M, a 29.2% margin (down 0.7 points year over year). Operating profit fell $1.2M even though revenue rose $5.0M versus a year earlier, so costs grew faster than sales. Operating expenses grew 4% against revenue growth of 1%. Net earnings were $91.8M, down 6% year over year. The effective tax rate was 23.3%.
Operating cash flow was $174.9M (down 4% year over year), 190% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $30.7M of share-based compensation. Working capital and other items added $30.5M. Capital expenditures of $6.9M left free cash flow of $168.0M.
Questions
What was Dolby Laboratories' revenue in the second quarter fiscal 2025?
Dolby Laboratories (DLB) reported revenue of $370M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and +4% from the quarter before.
Was Dolby Laboratories profitable in the second quarter fiscal 2025?
Operating profit was $108M (29.2% of revenue) and net earnings $91.8M.
Source: Dolby Laboratories 10-Q on SEC EDGAR.