Dolby Laboratories, Inc. (NYSE:DLB) Q1 2023 Earnings Conference Call February 2, 2023 5:00 PM ET
Company Participants
Maggie O'Donnell - Head of Investor Relations
Kevin Yeaman - Chief Executive Officer
Robert Park - Chief Financial Officer
Conference Call Participants
Steven Frankel - Rosenblatt
Paul Chung - J.P. Morgan
Ralph Schackart - William Blair
Jim Goss - Barrington Research
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal First Quarter Results. During the presentation, all participants will be in a listen-only mode. Afterwards, you will be invited to participate in a question-and-answer session. [Operator Instructions] As a reminder, this call is being recorded Thursday, February 02, 2023.
I would now like to turn the conference call over to Maggie O'Donnell, Head of Investor Relations for Dolby Laboratories. Please go ahead, Maggie.
Maggie O'Donnell
Thank you. Good afternoon, and thank you everyone for joining. Welcome to Dolby's first quarter 2023 earnings conference call. Joining me today are Kevin Yeaman, our -- Dolby Laboratories' CEO; and Robert Park, our CFO.
As a reminder, today's discussion will include forward-looking statements including our second quarter and fiscal 2023 outlook and our assumptions underlying that outlook. These statements are subject to risks and uncertainties that may cause actual results to differ materially from the statements made today, including, among other things, the impact of current macroeconomic events, COVID-19, supply chain issues, inflation, changes in consumer spending and geopolitical instability on our business.
A discussion of these and additional risks and uncertainties can be found in the earnings press release that we issued today under the section captioned Forward-Looking Statements, as well as in the Risk Factors section of our most recent quarterly report on Form 10-Q. Dolby assumes no obligation and does not intend to update any forward-looking statements made during this call as a result of new information or future events.
During today's call, we will discuss non-GAAP financial measures. A reconciliation between GAAP and non-GAAP financial measures is available on our earnings press release and in the new Interactive Analyst Center on the Investor Relations section of our website.
So, last quarter, we spent some time covering 2022, what we were seeing as we were going into 2023 with a focus on the long-term growth. Now, we're one quarter into the year, so Kevin, let's get started in our conversation.
Can you start with giving us a take on your Q1 results?