|Dolby at MS - 3/4/21|
Q&A format with Lewis Chew, CFO
- interesting tidbit, Lewis has not been physically in the office since 3/6/20.
- Data from their recent reporting period in China, which included the Lunar NY(2/12). showed strong cinema activity.
- Dolby believes the premium theater experience will not only survive but thrive. They think the mall cineplex area may not fare so well.
- discussed the adoption of Dolby tech in the content creation market for music, said 3 years ago they had literally zero business in this area.
- Lenovo introduced a PC with Dolby Voice. they think Voice will have a strong, long lived ramp. I've seen many articles highlighting the need for better audio and video on PC's as it relates to remote work and conferencing.
- Nice description of dolby.io developer's platform. After a trial period, customers start paying for using the API's.
- Dolby Cinema was the first time they started receiving a share of each movie ticket.
- At some point they will begin sharing dolby.io metrics like downloads and customers, it will likely be before they start sharing revenue info.
- The analyst community currently forecasts 10-11% revenue growth in 2022, a return to double digits. They asked Lewis if that were to come to fruition, what things would likely drive it. He cited TV's, gaming, some early automotive revenue, and a cinema recovery. Thought dolby.io was a wild card that could really take off. And also mobile.