It does. Seemingly at full strength!
I made a very long pair of two-wire stereo 3.5mm endy pieces so I can now play in the conservatory 80 feet away from the pc using either the normal headphones with seemingly unabated strength --- or I use supplementary loudspeakers with their speakers powered from a 230v powerbrick (now very rare, evervbody gone USB these days), paid £5 for the powerbrick and the two speakers 2ndhand.
This toggles from either the powerbrick working and the normal pc automatically speakers silenced with the pc headphones alive --- or I turn off the powerbrick and it now auto-toggles to normal pc events. I have a so-called "Media Hub" now off the market.
I am very surprised at how strong the strength is. You will now be asking me how I can use 3.5mm stereo leads with ordinary two-conductor wiring......I bought the necessary inexpensive parts from Maplin. Job done
Me dim as an 84-year-old Toc-H lamp