Sonos Results Presentation Deck

Q2 Highlights 4729 ● Record Q2 results driven by ability to fulfill strong demand Record Q2 adjusted EBITDA margin of 14.6% driven by significant gross margin expansion Record Q2 revenue of $332.9M, +90% from LY driven by strong product demand, annualizing the Y/Y declines in Q2 20, and strong DTC growth Record Q2 gross margin of 49.8%, +810 bps from LY driven primarily by lower promotional discounts ("At Home with Sonos" promo accrual in Q2 20), lower tariff duties, favorable product and channel mix and fixed cost leverage on higher sales volume Significant opex leverage driven by the higher Q2 sales volume vs the prior year quarter Increasing FY21 outlook Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures.

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