Analyst Sees 22% COVID-19 Quarterly Sales Drop at Dolby

Dolby quarterly revenue may fall 22% year over year on COVID-19 effects including “on production volumes and the worldwide shutdown of the exhibition business,” forecast Dougherty & Co.'s Steven Frankel. Nevertheless, the analyst noted its application programming interface strategy is “beginning to take shape,” citing deployments by SoundCloud and others. Dolby didn't comment Thursday ahead of Monday's report.