Dolby Laboratories, Inc. (NYSE:DLB) Q4 2022 Earnings Call Transcript

Kevin Yeaman : Yes. Fair question. I mean, we’re in this, because we think it’s a really significant opportunity for us. I mean it significantly expands the types of experiences, it expands not only our available market, but the types of customers and companies we have the opportunity to do business with. And like I said, we’re, of course, generating revenues today, and it’s growing, and we are going to break that out when we get to a certain size and scale. So I don’t think I’m going to predict exactly when that will be, but I am excited about both the progress we’re making with the use cases we have in market today like real-time streaming and interactivity. And also these discussions were — we believe we’re finding ourselves in the heart of these discussions around what it’s going to be in the future to have a truly immersive experience.

And we made some — again, we made some really good progress. One thing I was excited about was we made some progress with our plug-ins with the unreal engine is the environment that a lot of these worlds are built on. And in March, we made available a plug-in for this real-time streaming, which means that if you’re building a virtual event, you could in real-time, ultra-low latency, stream in whatever you want to stream in to this virtual environment, a concert, a sporting event, a movie. And — or you can capture what you’re doing in the virtual world and stream it to the outside world. And this quarter, we added a plug-in. It’s an open beta. So, it’s a plug-in for adding into that the interactivity. And so that means now you can be streaming that same concert, but the audience will be able to have that fully engaging experience where they’re hearing great quality music from the performance, but they can also hear the ambient noise.

They can talk to one another. The plug-ins just make it much easier for developers to build those experience and bring them to life and get them into the world.

Jim Goss: All right. Thanks very much.

Operator: Thank you, Mr. Goss. That concludes today’s conference call. Thank you for your participation. You may now disconnect your lines.