Dolby Laboratories, Inc. announced its financial results for Q1 of its fiscal 2018. Dolby reported total revenue of $287.8 million, compared to $266.3 million in Q1 of 2017. Net loss was $81.6 million, compared to net income of $53.4 million in Q1 of 2017. Excluding a tax expense related to tax reform and repatriation of profits, Q1 net income was $84.1 million.
Dolby said “Adoption of Dolby Vision and Dolby Atmos continues to expand, with more mainstream availability of TVs and sound bars, and the first PC with Dolby Vision announced by Lenovo.” (see Lenovo Maintains Innovation at CES)
