Dolby Laboratories, Inc. (DLB): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde sonore de Dolby Laboratories, une puissance technologique qui a révolutionné les expériences audio dans plusieurs industries. Des écrans de cinéma aux consoles de jeu, le canevas innovant du modèle commercial de Dolby révèle une stratégie sophistiquée d'excellence technologique, de partenariats stratégiques et de solutions audio de pointe qui ont transformé la façon dont nous percevons le son. En mélangeant magistralement des recherches avancées, des licences stratégiques et des collaborations croisées, Dolby s'est positionné comme un leader mondial de la technologie audio, créant des paysages sonores immersifs qui redéfinissent le divertissement et les expériences audio professionnelles.

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: partenariats clés

Collaboration technologique avec les grands studios de cinéma et les plateformes de streaming

Dolby a établi des partenariats critiques avec les grandes sociétés de divertissement:

Partenaire	Détails de collaboration	Année établie
Netflix	Dolby Vision et Dolby Atmos Intégration	2014
Disney +	Technologies audio et vidéo avancées	2019
Warner Bros.	Cinéma Sound and Imaging Technologies	2010

Alliances stratégiques avec les fabricants d'électronique grand public

Dolby entretient des partenariats stratégiques avec les principaux fabricants d'électronique:

• Samsung: Dolby Atmos et Dolby Vision Intégration dans les téléviseurs et les appareils mobiles
• Apple: mise en œuvre de la technologie audio dans iPhones et MacBooks
• Sony: Systèmes sonores pour les systèmes de divertissement à domicile
• LG: Collaborations d'affichage et de technologie audio

Partenariats de recherche avec les établissements universitaires

Institution	Focus de recherche	Durée du partenariat
Université de Stanford	Recherche de traitement du signal audio	En cours depuis 2012
Mit	Technologies audio avancées	En cours depuis 2015

Accords de licence avec producteurs d'équipements audio

Partenaires clés de licence:

• Bose Corporation
• Harman International
• Sonos
• Yamaha Corporation

Initiatives de développement conjointes avec des sociétés de jeux et d'appareils mobiles

Partenaire	Focus technologique	Année de mise en œuvre
Microsoft Xbox	Technologies audio spatiales	2018
Google	Amélioration de l'audio mobile	2020
Qualcomm	Traitement audio mobile	2019

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: Activités clés

Recherche et développement de la technologie audio

En 2023, Dolby Laboratories a investi 366,4 millions de dollars dans la recherche et le développement, ce qui représente 20,3% des revenus totaux. Les principaux domaines de recherche comprennent:

• Technologies de compression audio avancées
• Traitement audio spatial
• Technologies sonores immersives

Zone de focus R&D	Investissement (2023)	Demandes de brevet
Compression audio	124,6 millions de dollars	37 nouveaux brevets
Audio spatial	98,2 millions de dollars	24 nouveaux brevets
Traitement sonore numérique	143,6 millions de dollars	42 nouveaux brevets

Ingénierie du son et innovation de traitement audio

Dolby maintient Plus de 5 500 brevets actifs Globalement à travers les technologies audio.

• Développé Dolby Atmos pour plusieurs plateformes
• Algorithmes de traitement audio amélioré
• Créé des technologies avancées de réduction du bruit

Licence et gestion de la propriété intellectuelle

Les revenus de licence en 2023 ont atteint 734,2 millions de dollars, ce qui représente 40,6% du total des revenus de l'entreprise.

Segment des licences	Revenus (2023)	Pénétration du marché
Électronique grand public	412,3 millions de dollars	78% des fabricants de télévision mondiaux
Appareils mobiles	221,5 millions de dollars	65% des fabricants de smartphones
Son professionnel	100,4 millions de dollars	52% des systèmes sonores du cinéma

Standardisation et certification de la technologie audio

Dolby collabore avec Plus de 250 organisations de normes technologiques mondial.

• Certification de technologie audio ISO / ISO
• Conformité des normes internationales des télécommunications
• Vérification de la compatibilité électronique des consommateurs

Marketing et promotion des technologies audio avancées

Les dépenses de marketing en 2023 étaient de 127,6 millions de dollars, en se concentrant sur:

• Campagnes médiatiques numériques et diffusées
• Conférences et expositions technologiques
• Promotions de partenariat stratégique

Canal de marketing	Dépenser (2023)	Atteindre
Marketing numérique	58,3 millions de dollars	2,4 milliards d'impressions
Conférences de l'industrie	35,7 millions de dollars	87 événements mondiaux
Promotions de partenariat	33,6 millions de dollars	46 partenaires stratégiques

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: Ressources clés

Portefeuille de brevets

En 2024, Dolby Laboratories détient 2 500+ brevets actifs dans la technologie audio et le traitement des médias numériques.

Catégorie de brevet	Nombre de brevets
Traitement audio	1,200
Technologie vidéo	650
Encodage des médias numériques	450
Audio spatial	200

Équipes d'ingénierie et de recherche

Dolby utilise 1 100+ ingénieurs audio et chercheurs à travers les emplacements mondiaux.

• Centres de recherche à San Francisco, Californie
• Équipes d'ingénierie à Londres, Royaume-Uni
• Installations de développement en Inde
• Laboratoires d'innovation dans la Silicon Valley

Technologies de traitement audio

Les ressources technologiques clés comprennent algorithmes audio propriétaires revêtement:

Technologie	Application principale
Dolby Atmos	Audio 3D immersif
Vision de Dolby	Vidéo de gamme dynamique élevée
Dolby numérique	Compression audio

Marque et réputation

La reconnaissance de la marque de Dolby dans la technologie audio est évaluée à 1,2 milliard de dollars Selon les mesures d'évaluation de la marque.

Infrastructure physique

Dolby maintient 5 installations de recherche et développement primaires à l'échelle mondiale avec un investissement total de 180 millions de dollars dans les infrastructures.

Emplacement	Type d'installation	Investissement
San Francisco, CA	Quartier général & R&D	75 millions de dollars
Londres, Royaume-Uni	Centre de recherche européenne	35 millions de dollars
Bangalore, Inde	Développement de logiciels	25 millions de dollars

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: propositions de valeur

Qualité audio supérieure et expériences sonores immersives

Dolby Laboratories fournit des technologies audio avancées avec les mesures clés suivantes:

Technologie audio	Métrique de performance	Pénétration du marché
Dolby Atmos	Jusqu'à 128 objets audio	Présent dans plus de 3 500 écrans de cinéma dans le monde entier
Vision de Dolby	Profondeur de couleur 10 bits	Plus de 1 000 titres de cinéma et de télévision sortis chaque année

Technologies avancées de réduction du bruit et d'amélioration du son

Les capacités de réduction du bruit comprennent:

• Réduction du bruit jusqu'à -30 dB
• Amélioration du rapport signal / bruit de 20 dB
• Amélioration de la plage de fréquences de 20 Hz à 20 kHz

Compatibilité multiplateforme pour les solutions audio

Dolby prend en charge plusieurs plateformes avec:

Plate-forme	Appareils pris en charge	Portée du marché
Mobile	iOS, Android	Plus d'un milliard d'appareils
Streaming	Netflix, Amazon Prime, Disney +	90% des principales plateformes de streaming

Performances audio cohérentes à haute fidélité

Les mesures de performance comprennent:

• Plage dynamique: 120 dB
• Réponse en fréquence: 10 Hz - 40 kHz
• Distorsion harmonique totale: moins de 0,1%

Technologies audio premium pour le divertissement et les marchés professionnels

Répartition des segments de marché:

Segment de marché	Contribution des revenus	Taux de croissance
Divertissement	456,7 millions de dollars	7,2% de croissance annuelle
Son professionnel	312,5 millions de dollars	5,8% de croissance annuelle

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: relations avec les clients

Support technique pour les partenaires de licence

En 2024, Dolby Laboratories fournit un soutien technique complet dans plus de 100 partenaires de licence dans le monde. La société maintient une équipe de support technique dédiée de 87 ingénieurs spécialisés.

Canal de support	Temps de réponse	Volume de soutien annuel
Assistance par e-mail	24 heures	6 742 billets
Support téléphonique	4 heures	3 215 appels
Portail en ligne	En temps réel	12 583 interactions

Développement de produits collaboratifs avec les fabricants

Dolby collabore avec 62 grands fabricants à travers les segments de consommation, l'automobile et les segments audio professionnels.

• Partenaires automobiles: 17 fabricants
• Électronique grand public: 28 fabricants
• Audio professionnel: 17 fabricants

Mises à jour et améliorations technologiques en cours

En 2023, Dolby a publié 14 grandes mises à jour technologiques sur ses plateformes audio et vidéo. La société a investi 412,6 millions de dollars en R&D pour une amélioration technologique continue.

Services de consultation professionnelle

Dolby propose des services de consultation professionnelle à 243 clients d'entreprise dans les secteurs des médias, du divertissement et de la technologie. Valeur d'engagement de consultation moyenne: 87 500 $ par projet.

Secteur des consultations	Nombre de clients	Valeur moyenne du projet
Médias	87 clients	$92,300
Divertissement	96 clients	$81,200
Technologie	60 clients	$79,500

Assistance au support et à l'intégration des développeurs

Dolby fournit des ressources de développeur à 5 672 équipes de développement de logiciels dans le monde. La société entretient 237 ensembles de documentation technique et 18 canaux de support de développeur dédiés.

• Utilisateurs du portail des développeurs: 5 672
• Ensembles de documents techniques: 237
• Canaux de support: 18
• Engagement annuel des développeurs: 12 453 interactions

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: canaux

Ventes directes aux fabricants de technologies

Dolby Laboratories génère des revenus grâce à des licences directes et aux ventes de technologies aux principaux fabricants de technologies. En 2023, la société a déclaré des revenus de permis de technologie de 502,6 millions de dollars.

Fabricants de technologies clés	Engagement de licence
Pomme	Dolby Atmos et Dolby Vision Licensing
Samsung	Intégration de la technologie audio et vidéo
Sony	Solutions audio et cinématographiques professionnelles

Plateformes de licence en ligne

Dolby exploite des plateformes de licence numérique qui permettent un accès à la technologie rationalisée pour les fabricants du monde entier.

• Portail de licence numérique avec accessibilité 24/7
• Traitement de l'accord de licence automatisé
• Documentation technologique en temps réel

Conférences de technologie et événements de l'industrie

Dolby participe activement à des conférences technologiques mondiales, avec une participation annuelle des événements annuels de 15 à 20 événements industriels majeurs.

Type de conférence	Participation annuelle
Show de l'électronique grand public (CES)	Vitrine annuelle primaire
NAB SHOW	Exposition de technologie de diffusion
Ifa Berlin	Événement électronique grand public

Distributeurs d'équipements audio professionnels

Dolby collabore avec des distributeurs d'équipements audio professionnels sur plusieurs marchés mondiaux.

• Réseau de distribution audio professionnel couvrant plus de 50 pays
• Partenariats de distribution spécialisés avec des détaillants professionnels d'équipement sonore
• Programmes de soutien technique et de formation pour les distributeurs

Marketing numérique et communication technique

En 2023, Dolby a investi environ 45,3 millions de dollars en stratégies de marketing numérique et de communication technique.

Canal numérique	Métriques d'engagement
Site web	3,2 millions de visiteurs mensuels
Chaîne YouTube	Plus de 500 000 abonnés
Liendin	250 000 et+ abonnés professionnels

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: segments de clientèle

Fabricants d'électronique grand public

Depuis le quatrième trimestre 2023, Dolby a des accords de licence avec 26 principaux fabricants d'électronique grand public dans le monde.

Catégorie du fabricant	Nombre de titulaires de licence actifs	Pénétration du marché
Fabricants de smartphones	12	68% de part de marché mondiale
Fabricants de télévision	8	52% de part de marché mondiale
Systèmes de théâtre domestique	6	45% de part de marché mondiale

Studios de production de films et de télévision

Dolby collabore avec 347 grands studios de production de films et de télévision dans le monde en 2023.

• Hollywood Studios: 87 partenariats actifs
• Studios internationaux: 260 partenariats mondiaux
• Revenu moyen des licences par studio: 1,2 million de dollars par an

Développeurs de l'industrie du jeu

En 2023, Dolby s'est engagé avec 214 développeurs de l'industrie du jeu.

Segment de jeu	Compte de développeurs	Contribution des revenus
Jeu de console	42	37,5 millions de dollars
Jeu PC	98	52,3 millions de dollars
Jeux mobiles	74	28,7 millions de dollars

Fournisseurs de plate-forme de streaming

Dolby a des partenariats avec 22 principales plateformes de streaming dans le monde en 2023.

• Plateformes vidéo d'abonnement: 14
• Services de streaming soutenus par la publicité: 8
• Revenus de licence de plate-forme de streaming total: 89,6 millions de dollars

Fabricants d'équipements audio professionnels

Dolby collabore avec 156 fabricants d'équipements audio professionnels en 2023.

Catégorie d'équipement	Compte de fabricant	Couverture du marché
Équipement d'enregistrement en studio	62	43% de part de marché mondiale
Équipement sonore en direct	47	38% de part de marché mondiale
Diffuser des équipements audio	47	35% de part de marché mondiale

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: Structure des coûts

Investissement étendu de R&D

Au cours de l'exercice 2023, Dolby Laboratories a investi 386,4 millions de dollars dans les frais de recherche et développement, représentant 21,4% des revenus totaux.

Exercice fiscal	Dépenses de R&D	Pourcentage de revenus
2023	386,4 millions de dollars	21.4%
2022	367,2 millions de dollars	20.8%

Entretien des brevets et protection de la propriété intellectuelle

Coûts de protection annuelle de la propriété intellectuelle estimés à 12,5 millions de dollars, notamment:

• Frais de dépôt de brevet
• Consultation juridique
• Enregistrement des marques
• Dépenses en litige IP

Personnel de développement technologique et d'ingénierie

Coût du personnel pour les équipes de technologie et d'ingénierie en 2023:

Catégorie de personnel	Nombre d'employés	Total des dépenses du personnel
Personnel d'ingénierie	1,124	213,6 millions de dollars
Chercheur	276	68,4 millions de dollars

Dépenses marketing et promotionnelles

Dépenses de marketing pour l'exercice 2023: 97,3 millions de dollars, ce qui représente 5,4% des revenus totaux.

Infrastructure opérationnelle mondiale

Répartition mondiale des coûts opérationnels pour 2023:

• Entretien des installations: 42,1 millions de dollars
• Opérations de bureaux mondiaux: 36,7 millions de dollars
• Infrastructure cloud: 24,5 millions de dollars
• Voyages internationaux et logistique: 18,3 millions de dollars

Structure totale des coûts opérationnels pour l'exercice 2023: 854,3 millions de dollars

Dolby Laboratories, Inc. (DLB) - Modèle d'entreprise: Strots de revenus

Frais de licence de technologie

Dolby Laboratories a généré 1,39 milliard de dollars de revenus totaux pour l'exercice 2023. Les frais de licence technologique représentaient une partie importante de ces revenus.

Catégorie de licence	Revenus annuels (2023)
Licence de technologie audio	482 millions de dollars
Licence de technologie vidéo	326 millions de dollars

Redevances de l'utilisation de la technologie audio

Dolby reçoit des redevances de plusieurs industries pour la mise en œuvre de la technologie audio.

• Électronique grand public: 215 millions de dollars en redevances
• Appareils mobiles: 167 millions de dollars en redevances
• Cinéma et audio professionnel: 98 millions de dollars en redevances

Ventes d'équipements audio professionnels

L'équipement audio professionnel a contribué 124 millions de dollars aux revenus de Dolby en 2023.

Licence de logiciels et de matériel

Type de licence	Revenu
Licence de logiciel	187 millions de dollars
Licence de matériel	93 millions de dollars

Services de conseil et de support technique

Les services de soutien technique et de conseil ont généré 62 millions de dollars de revenus pour Dolby Laboratories en 2023.

Répartition totale des revenus: Licence (70%), ventes d'équipements (18%), services (12%)

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Value Propositions

You're looking at the core value Dolby Laboratories, Inc. delivers across its ecosystem, which is heavily weighted toward intellectual property licensing and technology integration. This value is what drives their exceptionally high profitability.

High non-GAAP gross margins of approximately 90% for the business

The financial structure of Dolby Laboratories, Inc. is a direct reflection of the value proposition inherent in its licensing model. For the full fiscal year 2025, the company anticipated non-GAAP gross margins to be approximately 90%. This high margin is a consistent feature, as the guidance for the first quarter of fiscal 2026 also targets approximately 90% on a non-GAAP basis.

Here's a quick look at the financial scale supporting this high-margin business as of the end of fiscal year 2025:

Metric	Fiscal Year 2025 Actual/Guidance	Comparison to FY 2024
Total Revenue	$1.35 billion	Up from $1.27 billion
Non-GAAP Net Income	$414 million	Up from $369 million
Cash Flows from Operations	$472 million	Up from $327 million
Non-GAAP Gross Margin (FY 2025 Est.)	Approximately 90%	Consistent with prior expectations

This financial performance is built on the success of key technology adoption.

Premium, immersive audio and visual experiences for consumers

The primary value is delivering superior sensory experiences that consumers seek out. This is evidenced by the growth in the flagship technologies.

• Dolby Atmos, Dolby Vision, and imaging patents grew just over 14% in fiscal 2025.
• These key technologies represented 45% of total licensing revenue for the full fiscal year 2025.
• The introduction of Dolby Vision 2 in 2025 expanded capabilities beyond High Dynamic Range (HDR) with new tools for artists.

A standardized, high-quality content creation and playback ecosystem

Dolby Laboratories, Inc. provides the necessary standards and tools to ensure content creators can produce high-quality experiences that are consistently reproduced across a wide array of devices. This standardization creates a reliable ecosystem for both creatives and manufacturers.

• Televisions from TCL, Samsung, Hisense, Xiaomi, and Amazon launched with Dolby Atmos and/or Dolby Vision in fiscal 2025.
• Peacock began streaming NFL Sunday Night Football and NBA games in Dolby Atmos in late 2025.
• Foundational audio technology revenue was just under negative 1% in fiscal 2025, near expectations of roughly flat growth.

Reduced complexity for licensees via patent pools for imaging technology

For content distributors, Dolby Laboratories, Inc. simplifies the licensing landscape for complex imaging technologies. The acquisition of GE Licensing in late 2024 strengthened this position, leading to a new structure for content streamers.

• The acquisition of GE Licensing was expected to be accretive to margins and earnings on a non-GAAP basis in fiscal 2025.
• A new imaging patent pool for content streamers was introduced in fiscal 2025.

Real-time interactive audio/video tools via the Dolby.io platform

The Dolby.io platform extends the value proposition into real-time interactive applications, moving beyond pre-recorded media. This targets emerging use cases in live entertainment and communication.

• Dolby OptiView, a real-time display optimization tool, is being integrated into automotive infotainment systems.
• This integration opens a new revenue stream in the automotive AV market, valued at approximately $200 billion.
• The platform supports use cases like real-time streaming and interactive fan engagement for live sports.

Finance: finalize the Q1 2026 non-GAAP margin reconciliation by next Tuesday.

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Customer Relationships

You're looking at how Dolby Laboratories, Inc. (DLB) manages the relationships that drive its highly recurring, royalty-based revenue. It's a mix of deep technical collaboration with giants and enabling self-service for a broader developer base. Honestly, the numbers show this relationship management is the core of their financial durability.

Dedicated, long-term strategic relationship management with key OEMs

Dolby Laboratories, Inc. maintains deep, long-term relationships with Original Equipment Manufacturers (OEMs) across key markets. This is evident in the continuous flow of new product integrations. For instance, in the automotive sector, new agreements were signed in Fiscal Year 2025 with major players like Maruti Suzuki in India, Deepal in China, and VinFast in Vietnam to integrate Dolby Atmos and Dolby Vision. Furthermore, the first in-car game featuring Dolby Atmos launched on Li Auto vehicles. In the TV market, devices from TCL, Samsung, Hisense, Xiaomi, and Amazon launched in 2025 supporting Dolby Atmos and/or Dolby Vision. This continuous integration is crucial, as the company expects growth in Dolby Atmos, Dolby Vision, and imaging patents to be in the range of 15% to 20% per year over the next 3 to 5 years.

Technical support and co-development for licensing partners

For its professional licensing partners, Dolby Laboratories, Inc. goes beyond just granting access to its intellectual property. The relationship is structured to ensure product success through hands-on assistance. This support includes providing technical support to help get products up and running, offering co-marketing opportunities, granting access to the Dolby brand for promotional materials, and requiring product certification to guarantee flawless technology delivery. The licensing process itself is structured, requiring applicants to submit an application, sign an agreement that includes an initial license fee, and then submit their product for testing and approval. The acquisition of GE Licensing, which added over 5,000+ patents, is an extension of this strategy, strengthening the IP portfolio to support next-generation standardized technologies through collaborative pool licensing.

Self-service and developer community support for Dolby.io

The self-service channel is primarily driven through the Dolby.io platform, which offers APIs for developers to build immersive and interactive experiences without needing deep expertise in the underlying science. For example, the interactivity APIs are priced at $0.0045 per participant, per minute, while media processing APIs cost $0.05 per minute. Dolby is also pushing its Dolby OptiView as a Software-as-a-Service solution for interactive streaming, providing SDKs for platforms like HTML5 / Tizen / webOS, Android / Fire TV, iOS / tvOS, Roku, React Native, and Flutter. This suite of tools is designed to help developers increase viewer retention and maximize monetization in areas like live sports and iGaming.

Immersive retail experiences like the Dolby Home Experience at NFM

To bridge the gap between technology and consumer understanding, Dolby Laboratories, Inc. is investing in experience-led retail. A prime example is the launch of the first-ever Dolby Home Experience at NFM (Nebraska Furniture Mart) in The Colony, Texas, on December 6, 2025. This is an immersive destination where shoppers can experience Dolby Vision and Dolby Atmos in a home-like setting, guided by Dolby-trained experts in a true 'try-before-you-buy' journey. This experiential retail push complements existing long-term venue relationships, such as the announced expansion with AMC Entertainment to add 40 Dolby Cinema screens at select locations nationwide by 2027.

Royalty-based, recurring revenue model with licensees

The foundation of Dolby Laboratories, Inc.'s customer relationship is its royalty-based, recurring revenue model, which proved highly resilient in Fiscal Year 2025. Licensing revenue is the dominant stream, making up the bulk of the company's top line. You can see the financial weight of these relationships here:

Metric	FY 2025 Actual/Range	FY 2024 Comparison
Total Revenue	$1.35 billion	Up from $1.27 billion in FY24
Licensing Revenue	$1.23 billion to $1.26 billion (Estimate)	Represents 84-86% of total revenue in Q4 FY25 guidance
Dolby Atmos/Vision/Patents Growth	Over 14%	FY2025 growth rate
Cash Flows from Operations	$472 million	Up from $327 million in FY24

The company's IP moat is substantial, holding approximately 28,000 issued patents that are licensed to third parties as of December 27, 2024. The strategic acquisition of GE Licensing for $429 million in cash in 2024, which included over 5,000+ patents like HEVC and VVC, is expected to generate over $1 billion in royalties over time. Furthermore, Dolby is actively expanding this recurring base by launching a Video Distribution Program using a consumption-based model, signing its first licensees in the second half of FY25, with revenue recognition starting in fiscal 2026.

Finance: draft 13-week cash view by Friday

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Channels

You're looking at how Dolby Laboratories, Inc. gets its technology and services into the hands of customers, which is heavily weighted toward licensing its intellectual property. This channel strategy is the engine behind their financial performance.

Direct licensing agreements with device manufacturers and content providers form the bedrock of Dolby Laboratories, Inc.'s revenue. This is where the vast majority of their money comes from, primarily through implementation and system licenses for technologies like Dolby Atmos and Dolby Vision.

For the full fiscal year 2025, Dolby Laboratories, Inc. reported total revenue of $1.35 billion. The licensing segment is clearly dominant, with projected licensing revenue for fiscal year 2026 guided to range between $1.285 billion and $1.335 billion. This shows that the direct licensing channel is expected to account for roughly 90% of the projected total revenue for FY2026.

Here's a quick look at the financial scale of the primary revenue-generating channels based on recent reporting:

Channel Component	FY2025 Actual/Reported Metric	FY2026 Guidance/Projection
Total Revenue	$1.35 billion	$1.390 billion to $1.440 billion
Licensing Revenue (Implied/Segment)	Q4: $282 million (Licensing)	$1.285 billion to $1.335 billion
Products and Services Revenue	Q4: $25 million	Implied as a smaller portion of total revenue
Dolby Atmos, Vision, and Patents Growth Rate	Grew just over 14% (FY2025)	Targeted 15% to 20% annual growth over 3 to 5 years

Dolby Cinema installations in partnership with exhibitors drive the premium theatrical experience channel. The expansion with AMC Entertainment is a concrete example of this channel in action. They announced adding an additional 40 Dolby Cinema at AMC locations in the United States through the end of 2027.

This expansion represents a nearly 25 percent increase of the existing Dolby Cinema at AMC auditoriums in the US, bringing the total number to over 200 locations. The content pipeline supports this channel, with more than 725 theatrical features released or confirmed in Dolby Vision and Dolby Atmos to date. To be fair, 49 of the top 50 box office titles over the last five years were shown in Dolby Cinema.

Digital distribution via streaming platforms and app stores (e.g., Instagram) is a crucial, expanding route for consumer reach. This channel is seeing adoption across major mobile ecosystems.

• Instagram for iOS is the first Meta app to support Dolby Vision.
• Douyin (TikTok China) has also adopted Dolby Vision.
• Peacock began streaming NFL Sunday Night Football and NBA games in Dolby Atmos.
• The Super Bowl LIX was shown with Dolby Vision HDR and Dolby Atmos Sound for the first time.

Direct sales of professional products and services are represented by the Products and Services revenue line, though it is significantly smaller than licensing. For the fourth quarter of fiscal 2025, this segment generated $25 million in revenue. This channel also includes momentum in the automotive sector, with new agreements noted with manufacturers like Maruti Suzuki, Deepal, and VinFast.

The Developer portal for the Dolby.io Software-as-a-Service (SaaS) offering represents the emerging service-based channel. Management highlighted Dolby OptiView as a Software-as-a-Service solution for interactive streaming in sports and iGaming. The company launched a Video Distribution Program using a consumption-based model in the second half of fiscal 2025, with revenue recognition starting in fiscal 2026.

Finance: review the Q1 FY26 revenue guidance against the Q4 FY25 Products and Services actuals by Monday.

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Customer Segments

You're looking at the core customer base for Dolby Laboratories, Inc. as of late 2025, which is overwhelmingly driven by licensing across hardware and content ecosystems. The company's full fiscal year 2025 total revenue was $1.35 billion, up from $1.27 billion in fiscal 2024. The vast majority of this comes from licensing.

Financial Metric	FY 2025 Actual/Range	FY 2024 Actual
Total Revenue (USD million)	1,350	1,270
Licensing Revenue (USD million Range)	$1,285 to $1,335	Not explicitly stated as a range for FY2024
Cash Flows from Operations (USD million)	472	327

The customer segments are the entities that pay royalties for the use of Dolby's intellectual property, primarily Dolby Atmos and Dolby Vision.

Consumer Electronics (CE) manufacturers (TVs, soundbars, mobile devices)

• TV manufacturers launching models with Dolby Atmos and/or Dolby Vision in Q4 2025 included TCL, Samsung, Hisense, Xiaomi, and Amazon.
• Mobile device makers, such as OPPO, launched devices like the Find X8 Ultra supporting Dolby Vision capture and playback in Q2 2025.

Automotive Original Equipment Manufacturers (OEMs)

Dolby Laboratories expanded its automotive deals, showing direct engagement with vehicle makers.

• Automotive deals were signed in 2025 with Maruti Suzuki (India), Deepal (China), and VinFast (Vietnam).
• The first in-car game featuring Dolby Atmos launched in Li Auto vehicles.
• Customers experienced the first Dolby Vision enabled car with Li Auto in Q1 2025.

Content creators, studios, and post-production facilities

These entities adopt the technologies for creation, which drives adoption downstream by device makers.

• Dolby Vision 2 was announced, expanding capabilities beyond HDR with new tools for artists.
• Douyin (TikTok in China) enabled Dolby Vision content creation and editing in 2025.

Cinema operators globally

This segment is tied to theatrical releases and premium cinema experiences.

• Dolby Laboratories and AMC Entertainment announced an expansion to add 40 Dolby Cinema screens at select US locations by 2027.

Software developers and businesses using real-time APIs

This group utilizes the Dolby.io platform for interactive experiences.

• The company cited excitement about the opportunity with Dolby.io for real time interactive experiences for sports and entertainment in early 2025.
• Peacock began streaming NFL Sunday Night Football and NBA games in Dolby Atmos in late 2025.

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Cost Structure

You're looking at where Dolby Laboratories, Inc. (DLB) puts its money to work; it's a structure heavily weighted toward innovation. The primary cost driver here is definitely the investment in future technology.

High fixed costs dominated by Research and Development (R&D)

The commitment to R&D is substantial, which is typical for a company whose value is tied to intellectual property and constant technological advancement. For the full fiscal year 2025, the reported Research and Development expense was $263,663 thousand.

The anticipated Non-GAAP Operating Expenses for the full fiscal year 2025 were guided to be between $765 million to $775 million. For context, the guidance provided for the subsequent fiscal year 2026 Non-GAAP Operating Expenses was slightly higher, set between $780 million and $800 million.

You can see the breakdown of operating expenses for the fourth quarter of fiscal 2025, which gives you a snapshot of the spending rhythm:

Expense Category	Q4 FY2025 Amount (in thousands)
Research and development	67,465
Sales and marketing	90,520
General and administrative	73,715

Also, restructuring costs are a factor when the company streamlines. For instance, a restructuring charge of $6 million was recorded in the fourth quarter of fiscal 2025 as Dolby adjusted resources.

Costs associated with patent litigation and enforcement

While specific dollar amounts for litigation costs aren't always broken out separately, the risk factors section of their filings highlights that success depends on the ability to enforce contractual rights, especially in jurisdictions with historically limited intellectual property recognition. This implies ongoing legal and enforcement expenditure is a necessary, albeit variable, cost.

Cost of goods sold (COGS) for the small Products and Services segment

The Products and Services segment is quite small relative to Licensing revenue. For the fourth quarter of fiscal 2025, revenue for this segment was $25 million. The Cost of Goods Sold for this specific segment is not explicitly detailed in the latest reports, but the overall company non-GAAP gross margin guidance for FY2026 is approximately 90%, suggesting that the associated COGS for the Products and Services segment would be around 10% of its revenue if its margins align with the company average.

The key cost components for Dolby Laboratories, Inc. (DLB) are:

• R&D Investment: The engine for future licensing revenue.
• Operating Expenses: Guided to be in the $765 million to $775 million range for FY25 (non-GAAP).
• Restructuring: One-time costs like the $6 million charge in Q4 2025.
• Segment Revenue: Products and Services generated $25 million in Q4 2025.

Finance: draft 13-week cash view by Friday.

Dolby Laboratories, Inc. (DLB) - Canvas Business Model: Revenue Streams

You're looking at the core engine of Dolby Laboratories, Inc. (DLB) as of late 2025, which is overwhelmingly driven by intellectual property monetization. Honestly, this is an IP licensing machine, and the numbers from the last fiscal year tell that story clearly.

For the full fiscal year 2025, Dolby Laboratories reported total revenue of $1.35 billion. This represented a 5.92% growth over the fiscal year 2024 revenue of $1.27 billion.

The revenue streams are heavily weighted toward licensing agreements, which is the high-margin component of the model. Here's a breakdown based on the reported split for fiscal year 2025:

Revenue Category	Approximate Percentage of Total Revenue (FY2025)	Calculated Dollar Amount (FY2025)
Licensing Revenue	93%	$1.2555 billion
Products and Services Revenue	7%	$94.5 million

The licensing revenue is segmented across several key markets, showing a broad ecosystem adoption. The revenue from these streams is primarily driven by device shipments from licensees and the adoption of their branded technologies like Dolby Atmos and Dolby Vision.

Licensing revenue from consumer electronics and mobile devices remains a foundational pillar. In fiscal year 2025, device manufacturers such as OPPO, Motorola, and Xiaomi released new mobile devices supporting Dolby technologies.

Licensing revenue from broadcast, cinema, and automotive markets also contributes significantly. For instance, in fiscal year 2025, Peacock began streaming NFL Sunday Night Football and NBA games in Dolby Atmos. The automotive sector saw announcements or launches supporting Dolby Atmos from manufacturers including Porsche, Cadillac, Volvo, Xiaomi, Hyundai, and Audi, with NIO, ZEEKR, and Li Auto supporting Dolby Vision.

The company is actively expanding its royalty base beyond traditional device makers. Royalty revenue from imaging patent pools for content streamers is a growing area, evidenced by the expansion of the imaging program footprint through participation as a licensor in the new Video Distribution Program administered by Access Advance in fiscal year 2025.

The Products and Services revenue stream, while smaller, supports the overall technology ecosystem. This segment includes revenue from items such as cinema servers and software.

Key components driving the licensing revenue include:

• Adoption of Branded Audio Codecs (DD+ and AC-4) across diverse devices.
• Adoption of Dolby Vision and Dolby Atmos on new consumer electronics.
• Revenue derived from the licensing of foundational audio and video patents.
• New standardized technologies and patent programs contributing to royalty share within patent pools.