Dolby Laboratories, Inc. (NYSE:DLB) Q1 2024 Earnings Conference Call February 1, 2024 5:00 PM ET
Company Participants
Peter Goldmacher - Vice President of Investor Relations
Kevin Yeaman - Chief Executive Officer
Robert Park - Chief Financial Officer
Conference Call Participants
Ralph Schackart - William Blair
Steven Frankel - Rosenblatt Securities
James Goss - Barrington Research
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal First Quarter Results. [Operator Instructions] As a reminder, this call is being recorded, Thursday, February 1, 2024.
I would now like to turn the conference over to Mr. Peter Goldmacher, Vice President of Investor Relations. Peter, please go ahead.
Peter Goldmacher
Good afternoon. Welcome to Dolby Laboratories first quarter 2024 earnings conference call. Joining me today are Kevin Yeaman, Dolby Labs CEO; and Robert Park, our CFO.
As a reminder, today's discussion will include forward-looking statements, including our fiscal 2024, second quarter and full year 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, ongoing supply chain issues inflation rates, 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 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 in our earnings press release and in the Interactive Analyst Center on the Investor Relations section of our website.
With that, I'd like to turn the call over to Kevin.
Kevin Yeaman
Thank you, Peter and thanks to everyone for joining us today. Revenue for the quarter came in about where we expected and earnings were better than we expected. Our guidance for the full year is unchanged and Robert will share detailed guidance for the second quarter in a few minutes. Today, I'd like to cover 3 topics. First, I'd like to make some brief comments on the macro environment. Second, I'd like to talk about our business and the momentum we are seeing in Dolby Atmos and Dolby Vision. And third, I'll wrap up my portion of the call with some brief closing thoughts.