Yes. wanted before the we details, Yes, into out Thanks, I highlights. to three get Maggie. main point
anticipated than $XXX that higher quarter, of First, revenue transactions earlier and million was to closing we the in largely than last products revenue. total provided due guidance year higher the
impacted with broadcast higher came would year are the expected be we than in and thought by lower weakness to relates than in where which in our driven we revenues. market negatively in had in lower little shipments estimated, We by a the it Cinema Dolby QX driven track coming further into gaming, business, office box PC, underlying higher we proceeds, As we trends and on overall. mostly
on program had mostly million costs. we $XXX labor is spend expenses timing of basis for were marketing and than and of lower due guided which to non-GAAP a the operating quarter, lower Second, patent
our opportunities We hiring, about to long-term deliberate will and priorities continue spending adjustments evaluate make be accordingly. our and
it's Third, detail said quarter. last few guidance It's year in minutes. seeing to based on is the about today, what for where nice our in a we we're full I'm outlook talk with going But consistent time, the early better than operate still same year continue to expectations, start that very we with year at in came a but to quarter in uncertain a in the environment. our the and
and services get down With that the revenue of and Dolby QX $XXX comprised the was X% the mobile, $XX market. partially primarily Vision and revenue electronics, trends Atmos revenue. in consistent broadcast backdrop, as adoption with year-over-year, was in into the in PC, products offset due services QX higher licensing and was by revenue. consumer million overall products and Dolby This to and million let's QX details. of
about let's Now, end revenue market. talk by licensing
quarter each As partners. actual is based the shipments In unit unit our reported estimate unit following up shipments on a and reminder, shipments. revenues trued quarter licensing business our general, on from from we based
transactions revenue The difference quarter. which any period the that to we only or transactions of the The These revenue can shipped in prior internal to shipments. where periods, the portion also and customer for all are vary all timing on upfront. where have transactions will a volumes factors. We of and timing amount number given from is of reflect of call and transactions commit a external is these recoveries, units minimum given recognized related unit revenue in depending
from partially represented of and year-over-year in on This licensing true-up about down TV Dolby the X% Atmos shipments Broadcast Dolby million lower QX $X was for by offset TVs basis, revenue lower XX% a Vision. higher and recoveries. unit total and QX driven or XXXX, by primarily
Dolby minimum in Mobile and of as increased and QX about volume partially This 'XX, $XX down by of transactions prior offset the total units. XX% represented benefited licensing a was adoption from year-over-year from lower year or on revenue Dolby Vision. also timing XX% basis, Atmos million of
as which of total licensing recoveries, about of or from Dolby down of year-over-year Consumer is electronics offset 'XX, adoption and basis on Vision. XX% in year million partially represented benefited Dolby $X X% prior Atmos QX by a the increased higher
driven by million $XX total on 'XX, year-over-year a down PC and recoveries shipments. represented licensing PC lower about in X% unit or QX of basis, XX% lower
up a XX% about represented favorable million markets proceeds offset QX from box year a Other by in office was true-up X% This QX driven partially 'XX, gaming. or by licensing year-over Cinema. in basis, of lower on $X of total Dolby
Beyond driven primarily revenue in million of licensing, sales. our and was XX% year-over-year services cinema $XX on QX increase product were basis, year-over-year a 'XX, by products up The higher
We also in saw growth Dolby.io.
Let's to came fiscal expenses non-GAAP XX% the quarter margins. margin driven year compared first 'XX. lower in to XX% and Gross first gross revenue. quarter mix higher a of was turn Total products margins in the by of in
to from Non-GAAP compared extra quarter due decrease year. first prior year. million compared benefited first of labor year to lower week last to quarter lower year in bad was favorable operating debt Program the of in driven $XXX expenses the by headcount prior marketing fiscal the and this we lower 'XX. year, costs was also we $XXX an had in the campaigns lower million compared expense were And The to timing FX. spend as
income million or of XX% was QX of operating last QX to Non-GAAP XX% year. for revenue in $XXX of revenue compared
XX% in Non-GAAP was QX. in guidance income tax the to compared within year's last XX% range our at QX
on to was diluted quarter in $XXX in per million per 'XX. $X.XX diluted million of $X.XX or QX a first or the non-GAAP share compared share Net income basis $XXX
million investments. quarter, ended approximately cash first year's million generated we with first in $XX million to the quarter first quarter. from operations the $XXX compared generated During last and in in cash $XX We
and shares ended During the available with quarter for stock common back forward. bought about million repurchase XXX,XXX authorization the $XXX quarter, our stock of going we
a February The dividend February on today on per dividend announced be will XXXX XX, to also of We cash of $X.XX share. payable XX, record XXXX. shareholders
guidance. to on move let's Now,
We a continue challenging environment. in to and uncertain operate
electronics reflecting in our For audio year-over-year, particularly fiscal PC, mobile. revenue unit digits shipments, 'XX, to consumer will expect we decline and continue mid-single foundational that lower TV,
to to We foundational growth more and patents, could and still we are in we This by XX% this targeting are and in the in declines imaging mobile Dolby offset expecting. Vision, broadcast, expect that markets. growth XX% Dolby Atmos driven be than other audio
licensing grow project digits consumer services these PC total electronics. to we low-single With continue expected outpacing for assumptions, Products broadcast 'XX be fiscal mobile, anticipate revenue low-double digits. digits Within growth this, with and revenue low-single year-over-year. that we and to revenue and to the other will markets in in up decline grow
year expect increase closer non-GAAP transactions In that first roughly on prior terms of expect the earlier of close second anticipated, still revenue to split. basis are compared for operating expect in X% will the full year's half, year than last split, the than expected we currently XX% half and year. to given the non-GAAP in more the operating to roughly We margins to expenses a be year, higher
anticipate to higher of non-GAAP a that our We will envelope with the than spend, at We disciplined evaluate slightly based continue and resource review business. rate be share could economic need a revenue. allocations to on grow and our per make realities the the basis, regular on adjustments earnings
move recoveries. offset patents, imaging last lower in that, is range mobile $XX million for Vision PC $XXX million, foundational to million from from services second by QX let's lower is now range revenue of million. and growth lower revenue while more to shipments projected Dolby million. revenue and range is to electronics, $XXX expected and Compared in to Atmos, the licensing driven to consumer to particularly products to $XXX estimated guidance from and to QX Dolby million and Within broadcast So, year, unit $XX $XXX quarter. on we TVs to expect revenue, in estimates than
QX QX to Operating range $XXX expenses patent are and in to be gross to from margin from as basis QX. we XX% is a certain million, to program non-GAAP expenses estimated million plus $XXX or Non-GAAP on minus. estimated expect to marketing shift
share diluted $X.XX rate to Our basis. from $X.XX. QX on non-GAAP range XX% estimate tax from range to earnings non-GAAP effective QX projected for per is XX% that a We to could
start we is growth on we're and said, still That said. days ahead. opportunities a an year the can to the the long-term on summary, laser-focused through and environment. remain good are navigate as it's things Kevin about we excited we the to It control uncertain progress In continue early making
economic and durable of the high fundamentals While around flows the model to sheet, healthy a change, strong gross not Dolby's continue have of us realities cash business margins, balance changed.
