Sonos Results Presentation Deck

FY23 Outlook: Demonstrating Commitment to Profitability Amidst Macro Headwinds Revenue % growth / (decline) constant currency Gross Margin Adjusted EBITDA Adjusted EBITDA Margin FY22 Actuals Previous FY23 Outlook $1.752 billion 2% 5% 45.4% $226.5 million 12.9% $1.7 1.8 billion (3%) - 3% 1% - 7% 45.0 - 46.0% $145 180 million 8.5% - 10.0% Revised FY23 Outlook $1.625 1.675 billion (7%) - (4%) (5%) - (2%) 44.3 - 44.8% $138 168 million 8.5% - 10.0% Note: Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. We do not provide a reconciliation of forward-looking non-GAAP measures to their comparable GAAP financial measures. See "Non-GAAP Measures" for more information. FY23 outlook only as of the date of this presentation. See "Forward-Looking Statements" for more information. Key Assumptions Revised guidance assumes $52 million of operating expense reduction, while still making targeted and responsible investment in product roadmap and category expansion to drive long term growth Now expect non-GAAP adjusted operating expenses to total $630 million Reflects lower level of run-rate demand observed in Q2, channel partners inventory tightening FX approximated to be $46 million headwind to revenue, significant flowthrough to gross profit and Adjusted EBITDA Gross margin tailwind from fewer spot component purchases and less reliance on air freight in FY23 to be largely offset by FX headwind, promotional activity in 1Q23 and unfavorable product mix resulting from softer run-rate demand Adjusted EBITDA margin outlook unchanged due to expense reductions balanced against continued investment in product roadmap 10

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