Dolby Laboratories, Inc. (NYSE:DLB) Q4 2024 Earnings Conference Call November 19, 2024 5:00 PM ET
Company Participants
Peter Goldmacher - VP, IR
Kevin Yeaman - CEO
Robert Park - CFO
Conference Call Participants
Patrick Sholl - Barrington Research
Ralph Schackart - William Blair
Steven Frankel - Rosenblatt
Operator
Hello, ladies and gentlemen, thank you for standing by. Welcome to the Dolby Laboratories Conference Call discussing Fiscal Fourth 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 Tuesday, November 19, 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, and welcome to Dolby Laboratories' fourth quarter 2024 earnings conference call. Joining me today are Kevin Yeaman, Dolby Laboratories CEO; and Robert Park, Dolby Laboratories CFO. As a reminder, today's discussion will include forward-looking statements, including our fiscal 2025 first quarter and full year outlook, management's expectations for our future performance, and other statements regarding our plans, opportunities, and expectations.
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, changes in customer demand, changes in laws and regulations, and the impact of macroeconomic events on our business. A discussion of these and additional risks and uncertainties can be found in our earnings press release, as well as in the Risk Factors section of our Forms 10-K and 10-Q. Dolby assumes no obligation to update any forward-looking statements.
During today's call, we will discuss non-GAAP financial measures. These measures should be considered in addition to and not a substitute for GAAP 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 the call today. I'll start with an overview of the quarter and the year, talk about some highlights in Q4, and then I'll cover what we're expecting in FY ‘25 before turning the call over to Robert to review the financial details.
Looking back on the quarter and the year, global consumer electronics sales underwhelmed all year and the box office never found its footing. At the same time, we made solid progress in many important areas, including strong momentum in content creation and new partner wins, particularly music, sports, and automotive.