Filing Flows › Dolby Laboratories (DLB) › Q4 FY24
Dolby Laboratories (DLB) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 19, 2024
Dolby Laboratories (DLB) reported revenue of $305M for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and +6% from the quarter before. Operating margin was 15.2%, net earnings $58.6M (19.2% of revenue).
Dolby Laboratories, Q4 FY24: revenue $305M (+5% year over year), operating margin 15.2%, net earnings $58.6M, operating cash flow $116M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $305M | +6% | +5% |
| Gross profit | $271M | +7% | +6% |
| Operating profit | $46.4M | +26% | — |
| Net earnings | $58.6M | +52% | +538% |
| Operating cash flow | $116M | +446% | +37% |
| Free cash flow | $109M | +697% | +42% |
What changed
Revenue was $304.8M in Q4 FY24, up 5% year over year and up 6% from the previous quarter. Broadcast was the largest line at 31% of revenue.
Gross margin was 88.8%, up 1.1 points from a year earlier. Operating profit was $46.4M, a 15.2% margin (up 16.4 points year over year). Operating expenses fell 13% while revenue rose 5%. Net earnings were $58.6M, up 538% year over year. The effective tax rate was 1.5%. Non-operating items added $13.4M, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $116.2M (up 37% year over year), 197% of net earnings. Non-cash charges added back $21.4M of depreciation and amortization and $29.7M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $7.4M left free cash flow of $108.8M.
Questions
What was Dolby Laboratories' revenue in the fourth quarter fiscal 2024?
Dolby Laboratories (DLB) reported revenue of $305M for the fourth quarter fiscal 2024 (Q4 FY24), +5% from a year earlier and +6% from the quarter before.
Was Dolby Laboratories profitable in the fourth quarter fiscal 2024?
Operating profit was $46.4M (15.2% of revenue) and net earnings $58.6M.
Source: Dolby Laboratories 10-K on SEC EDGAR.