some you, to were there. Thank QX in end and as that all above everyone revenues range, afternoon, out glad ago at that numbers worth earnings we forecast I’m better staying months large you’re And a benefit right. into of Jason. year to were right lower COVID-XX the in the came start safe expenses. report do the we I came tax All scenario All and go of with the picture. the noting than provided projected three that did we the had lower good our high hope the before it’s the outlook, QX while operating the quarter original along than than from
the are here numbers. So
$XXX to million, in last $XXX revenue compared QX was Third in QX, $XXX year. of quarter million and million
impact and were XX% by high the our set-top to industry. of Our the guidance million were the PC the lowered of If range was assumed million. in were services we Cinema the end at of significant boxes Products our XX% lower remember, and but of end because scenario. expectations range, on of COVID-XX had that shutdowns we at guidance, TVs, QX revenue coming end, I at $XXX a while and Consumer that higher to into what compare quarter Electronics from the Mobile our to revenues the $XXX
variety lower services, of Now of devices; roughly Dolby office other recoveries. was by half from from roughly share cinema to across the revenue that impact royalties from about driven $XXX looking and was was And under of lower contracts sales at as QX, COVID-XX, down products from unit shipments which box attributable Cinemas. includes; and lower well lower a million total by as the company of that revenue revenue half at timing quarter-over-quarter,
I lower company licensing Now Dolby was that and $XXX and products The minute by products and of Cinema predominantly to revenue revenue. looking to shipments, and attributable and million down in services what composition was QX lower lower at $XX services. COVID-XX a year-over-year, versus $XX revenue similar year’s million total and QX, said about was million ago, last unit in
was last of up impact and basis, basis, volume. in pandemic, let’s pandemic. and revenues sequential recoveries XX% over to offset by recoveries through by partially licensing of recoveries and total by in revenues Atmos represented approximately sequential X% Mobile Mobile XX% the quarter. XX% of licensing year-over-year XX% year, and recoveries and total with fact year-over-year to higher down lower the lower and that the unit quarter. up licensing the and from represented So On pandemic. our lower represented unit down XX% volume Dolby in is about of due of into the despite go from a Dolby end due Broadcast that driven impact Mobile volume starting year. PC by X% driven about XX% than breakdown by adoption total by to due was market, QX. lower were third down Broadcast a Vision last was due about patent a lower programs, partially unit revenue third about was by about volume by Broadcast volume. unit On unit about offset PC from by lower boxes about recoveries higher licensing Broadcast. was TVs set-top to the
of due Dolby noting contracts licensing Electronics of XX%, it’s On basis, CE unit volume. were since driven in year-over-year represented all well XX% closed licensing from those were markets third was down down nearly we Dolby total to Cinema fees as for They by volume the from lower a about via lower by On the the in basis, admin And Gaming to was recoveries. about by timing XX% and that on year. the this fees lower quarter. in total by and PC due offset lower administer. revenues quarter, due are CE that by by revenue and down from screens of quarter basis, and was revenue because and Dolby driven and down patent console into lower to last significantly those PCs of revenues markets Cinema due and program automotive worth by were revenue about Although under sequential from sequential third of XX%, partially under X% represented in as year-over-year, Dolby recoveries. lifecycles. to lower and contracts Other nearly Consumer a other a the gaming. And sequentially, was higher lower increased Vision licensing XX% has also about timing about recoveries pool adoption Atmos down nearly XX%
to QX, in this that of the million from Beyond affected licensing, and comes and equipment services this our and in $XX.X was to sell drop customers $XX in had $XX.X be these off as sales QX in last million most pandemic. big revenue products a year’s QX. in million negatively cinema compared revenue to in anticipated we exhibitors, by category, general, We continue
Operating $X.XX $XX.X third same per a the last share was that reasons below basis million basis, Now XX% Net $XX.X to a $XX the quarter in tax amounts GAAP million revenue Products million compared on margin early $X.X XX.X% was for services lower a in or I GAAP let’s costs or or third or million basis. of quarter year’s from at basis non-GAAP the a with that Net as same $X.XX ran. last benefits lower of a was minus diluted quarter million. reminder, operating on compared was due a diluted GAAP of Total from $X.XX income of gave year. a for million in and the in on in were guidance minus third from in the the QX GAAP on income was third on quarter. specific covered XX.X% exit we margin gross per last Products year. in by QX. gross for quarter range we about restructuring, and the of leased to million was margin travel cover to $XX.X non-GAAP basis million $XX.X of basis quarter compared QX. total on product programs $XXX.X $X the a basis on was revenue, per basis. and the Operating QX basis or second range discrete our at non-GAAP tax income for income in million to driven $X.XX a revenue share, I timing gross minus included a fixed Operating in end the million expenses the basis was a was product not or just a And were quarter. reasons or margins legal minus there beginning benefit guided, million XX.X% expenses resolved QX quarter quarter $X.X over the year. was in non-GAAP and in GAAP million to million was $XX.X mostly $X outside margin revenue, last minus the for on $XX.X non-GAAP include the QX by volume and and a per services in for quarter gross million the And the gross of minus items $X and QX facility. And $XX a of XX.X% to to in discussed million on quarter I $XX.X associated the third basis third were fully diluted discussion. $XXX.X in went GAAP compared QX, GAAP million And Operating a to $XX.X than pushed QX a the million. and million guidance million mostly on that the were for marketing $XXX projected $X basis as third expenses. to of non-GAAP in into expenses non-GAAP quarter were Income third share, to certain on $XXX.X expenses GAAP $X non-GAAP also year’s less of or diluted benefit $XX.X compared million a in QX $XX.X QX. in that The expenses an of on third XX.X% million, share had a approximately in lower services. million QX range during Operating last margin in as the million the the charge GAAP income reminder, low compared
income guidance discussed. in For that both operating the favorable net being end range, our revenue tax at I income and expenses higher above of GAAP range our original below non-GAAP, our QX and was to the due
with quarter quarter, million third $X.X to third compared last quarter. third which cash generated a from operations, investments. we billion over $XX the cash million little year’s about and in in in we ended During And about $XXX generated the
we available. repurchase common During of about with bought of $XXX the authorization quarter shares ended back about still QX, XXX,XXX our stock stock and million
We announced of share, cash of XXth, $X.XX will per which record XXXX. a be today shareholders payable XXth, on August to dividend on XXXX also August
send until our have won’t quarter them. two economy I outlook forward when of more was limited very QX, we remember, have visibility that demand guidance for dropping; and facing highlighted Now visibility or ago, still QX. let’s their all limited usual; data our uncertain. pretty than markets, is to we end environment; not consistent all actual were the the went months cover the and were reports Customer over current. we of for updated not shipment industry much consumer still And the challenges months. TAM the the Fast Three the customers reports for some over in is next data June us now, for data I but was
So that as scenario along with key for backdrop, we’ve current embedded the that some outlook. our assumptions QX into a here’s with
cinema opening Let’s services last are revenue, of slowly thought we more the most goes start than with into products quarter. which and Screens industry.
could and activity So to equipment significant $XX revenue we there range will million. QX from million estimate any that in in that assuming in uptick services We products from $XX exhibitors not are be purchasing QX.
in revenue $XXX the million QX million million. about comparison talk to range to in QX. from licensing. $XXX we That’s in We had could estimate licensing Let’s that that $XXX
unit our shipments revenue is of from Dolby’s look As revenue this to QX starts the amount contracts QX QX I this In total and year, QX year, tend that unusual, think QX. revenue to QX to not consumer a lot of the over lower transition contracts. it customer higher of offsetting and could our improve. within outlook at course it QX assumption I an movement the And from timing fiscal actual of is as that downward and we This and partially in there’s our in seasonality. under other of increase our because various QX under timing words, of scenario, modestly spending have is in as
a assuming very Dolby there Our Cinema unit blended or scenario that in across assumes share. And for QX minus plus categories. will we’re also device shipments all X% roughly little office be box revenue from QX, improvement
million So economic that be last to to QX would ripple to revenue summarize, the in attributable I If and of majority the potential $XXX total range million, million. pandemic, actual be of of the to scenario for $XXX effect compare of the to our lower largely year’s due decline is revenue a QX $XXX will the recoveries. remainder
be could it a earnings a basis. the both XX% for $X.XX on about to $X and on $X Other the ‘XX we basis range mean if then the earnings remain million margin basis, are to QX $X.XX to full estimated we on $X.XX. QX, range And on GAAP million could million Gross of million so higher rate just reviewed, from to is in XX% range a to the rest million and Let million basis, projected in range products Products over the Based would me QX GAAP services for a $XXX the non-GAAP And $X,XXX percentage is could the to revenue do with basis $XXX range that and up will that is basis income year from basis $X full margin in to a non-GAAP could to GAAP to the factors the to in can costs $X,XXX fourth estimated I and expenses gross and than it fixed could And non-GAAP million. quarter provided, of lower the minus I XX% on $X.XX. minus QX per our turn from range in share GAAP range would share to about Kevin. covered to at to a from range tax services non-GAAP that that Operating on basis. GAAP from about combination it our margin million about year, diluted range on negative XX% to a $X math are range gross million on for outlook earnings to non-GAAP outlook, projected I to mainly point from share from the on for $X.XX. levels. to territory $XXX QX. from because estimate per as from finish diluted from about quarter, $XXX million. diluted million for non-GAAP not number. income $X.XX GAAP million you the from is per fully gross $X At and estimate margin FY $X estimated $X.XX. revenue could minus And range $X.XX from range minus revenue GAAP QX X to to the
would it over I to Kevin? Kevin. now, So like to turn
