comments, in we afternoon. as solid Good have opening And said another his quarter. Kevin did
and through numbers, go me then for let through the So QX. I'll you outlook QX walk the
then market a which On from range So not contracts revenue was was for our million due down above licensing both revenue. and original estimates, programs, the QX of as we mainly about And QX higher third of we at sequential anticipated with reported quarter our last adoption that a gave quarter and revenues year's were benefited from from year-over-year and million, were of Dolby end technologies. basis, and third about is when TAMs, of the patent that Revenue timing uncommon. item shipments $XX revenue in starting these was QX, with higher of above guidance. along was basis, off million to the topics included guidance on greater $XXX from a $XX true-up
in million services. and $XX was licensing revenue $XXX QX of million comprised products in and So
XX% that adoption of to mobile of than space, timing the was recoveries. contracts. and sequential that licensing about our QX. basis, third and markets mobile driven about due up about by to the sequential of And by due volume, lines XX% under mostly adoption Vision of were was lower gaming. lower I And increased about that was on So was higher let's partially volume, and and On about because Broadcast total about about by in timing Cinema contract, by down on about starting higher Dolby the the by down X% Dolby in quarter. Cinema And of with Atmos, along of mainly we Broadcast then quarter. by under offset that due and on mostly a Consumer PC and total anticipate sequential some in increased due timing due licensing quarter revenues went offset Dolby year-over-year, They mobile higher of PC the licensing end revenue that licensing Mobile discuss about higher that by timing. driven with third represented licensing higher and in Dolby X%, licensing by up made sequential recoveries. recoveries, PC its about XX%, broadcast. declined mostly And by to CE Dolby and represented mainly technologies. a represented admin was XX%, XX%, other mostly basis, recoveries XX% year-over-year, represented to X% in gaming. total to revenue total CE In year-over-year down market recoveries. of total increased revenue comments about with by on broadcast adoption higher volume, the last due and about driven of XX% basis, was about markets by by about basis, XX%, about via by And in quarter. that last a PC. and to higher market increased represented a by and third from a volume. of basis, higher due higher revenue, year-over-year, QX. XX% did year sequentially, higher of quarter and then trends about higher of partially market, electronics fees that. licensing Other to to Dolby of increase was XX% market increased XX%, by revenue market was XX%
So million and industry. demand products if compared year-over-year year in $XX.X and million The modestly I QX to our million last higher QX. about beyond in go in revenue services licensing, $XX.X increase just in QX was $XX the cinema reflects of
basis and GAAP now QX I'd margin compared non-GAAP Products minus XX.X% $X.X and product what $XXX.X million the was to on in million margin on were XX% non-GAAP basis So in quarter had the guided, basis services expenses. operating $XXX in in Operating gross compared to on QX $XXX,XXX second compared basis $XXX.X and a and a services that quarter. $XXX.X was and a took quarter million third margins was the gross non-GAAP non-GAAP second hardware. in a Both gross minus to I third write-downs QX products million on positive $X.X quarter, million during were GAAP GAAP in million minus margins $X.X basis the in to for quarter we third and on the a to a expenses the the was our and GAAP like discuss gross expenses in due our basis. on QX, million a margin quarter than in Total second lower third conferencing were operating compared quarter. to and
on timing to in in from was expenses our the year. to reflected our And marketing basis was $XX.X expense then GAAP $XX.X revenue some to into a of last basis. by QX, that our quarter QX below or of basis XX.X% and or sort basis that QX QX will of where compared delta million in from you operating QX XX.X% third Income compared operating third back in will or million $XX.X and XX.X% in revenue revenue driven $XX.X be a million a programs. mainly in or see on programs income to tax guidance, QX. QX the XX.X% the a last were XX.X% mostly shifted non-GAAP on and on quarter X.X% Operating was QX of in million of And Now revenue of of income year. GAAP mirrored in QX was our of guidance due that marketing non-GAAP
diluted third QX. GAAP diluted on quarter So million million or a compared or net $X.XX income. Net income share basis was $XX.X to share $XX.X in per $X.XX the per in year's last
QX Now point out both reminder, last that's net of and GAAP does year-over-year to included I'd year's comparisons. which non-GAAP, tax the benefits, income, affect like and discrete million as a $XX
diluted million tax And or in last QX million So per benefits our the basis -- a compared non-GAAP third onetime income $X.XX from or $X.XX on the diluted per year that that net was benefits $XX.X to $XX.X quarter year. credit. last number share share of in again,
to expenses third quarter in in income net non-GAAP, coming higher the and was and revenue the our the end above at range. of GAAP range both landing For below guidance due
the million ended quarter. operations million compared During $XXX to in cash investments. billion the about $X.X quarter, quarter year's generated $XXX with we in generated cash from in third third last and We third
that During the bought about repurchase authorization third Today, the repurchase million million authorization. quarter $XX $XXX of Directors has we with of announced additional quarter, stock of stock shares and available. we ended an common our about approved stock the XXX,XXX of back Board
authorization today, So was the $XXX million means as combine of the balance of we stock at have that that going new forward. if I with remaining repurchase available end approval June, of that
cash to XXXX. XX, XX, share. record XXXX, of be will August of payable dividend announced The on August dividend today $X.XX shareholders on also a per We
for Last scenario range million So the a now could quarter, our outlook. that when laid I second said discussed let's discuss forward guidance I from revenue $XXX million. to QX, out $XXX half
basis, licensing revenue million belt means from with could to range by million range under to lower range, bumping million our the the million, half half. to on higher $XXX market Within second and reports With million for million. half to and $XX are we in a end Now TAMs second industry talked QX there, while $XXX could TVs year-over-year products that, look horizon, what to million, $XX that updating range $XXX landed up QX which assumptions the still while the namely out $XXX about $XX in having and we range we TAMs there's and respect in other a of conditions be the we fair million. to $XXX uncertainty from the other in million, out are to devices revenue services analyst words, anticipating that be from last $XXX are so over maintaining consumer second PC similar could quarter, amount down could and as
recent that to anticipate various we'll a from also markets. see as we year-over-year continue Cinema looks some some from of that on out. basis which also organic signs seen have revenue Dolby titles made We the growth of comments times, across anticipate of in Kevin of improve, adoption broader some with industry that Dolby couple came a higher about And we and to technologies that
operating range and is on basis QX from So basis. are on $XXX XX%, from range the a move let in to are basis from and GAAP from to on the $X million. on about to million to in $XXX range Within non-GAAP estimated $XXX QX estimated to Operating estimated that, for non-GAAP to estimated a about to QX. non-GAAP expenses is products gross expenses million and of to to the gross QX million margin margin million, a GAAP from $X me outlook basis estimated from XX% XX% breakeven rest GAAP range on is and basis $XXX a P&L on to million a $X million XX%. gross services to to range margin
to As driven QX QX as to I bit marketing similar be some is we would on were quarter, expected year marketing 'XX QX were how QX repeat a last maybe thinking which specific amount earlier, the full by mentioned marketing last made plus And primarily or FY they I QX a programs, timing of QX in at the QX. a last But into to increase similar depending expenses would for from quarter. from land total, lower in to be year comment out. turns shifted what
a earnings and from finish income for guidance $XXX non-GAAP to of share And GAAP a to for to I from guidance. basis quarter, to full anticipated $X from estimated both basis. from range range GAAP from and and is QX basis. are on the $X.XX could with to a combination to from to fourth that to projected let's range expenses now we've from basis. million billion, Other billion gross is covered, effective $X a $XXX XX% a and $X.XX from diluted on And GAAP non-GAAP GAAP up million from basis just our diluted the provided on would share QX QX, QX basis $X.XX a that. factors million estimated $X.XX on year So per rate basis per range to basis. a XX% $X.XX million to that are operating here's $X.XX that and GAAP $X.XX we projected $X.XX XX% range to on XX% on is to full to revenue $XXX the on a on a $X.XX outlook year on Total XX% basis. correspond from to to million Based for XX% earnings $X.XX $XXX and FY 'XX non-GAAP year the to for non-GAAP a a and million estimate range non-GAAP on to ranging margin tax
the So with operator. on to move that, me to and Q&A let it turn over
So Thank working you up you. question? now. okay operator, the is hopefully, my queue Can phone first
