Sonos Results Presentation Deck

Q3 Highlights Sonds ● Record Q3 results driven by continued strong demand Record Q3 adjusted EBITDA margin of 12.3% driven by strong demand, opex leverage on higher sales, and gross margin expansion Record Q3 revenue of $378.7M, +52% from LY driven by strong product demand, annualizing the Y/Y declines in Q3 20 and offset by continued constrained product availability Q3 gross margin of 47.0%, +300 bps from LY driven primarily by lower promotional discounts ("At Home with Sonos" promo Q3 20), tariff refunds, fixed cost leverage on higher sales volume and offset by channel mix and higher component and logistics costs related to industry-wide supply chain dynamics Significant opex leverage driven by the higher Q3 sales volume vs the prior year quarter Increasing our FY21 outlook again Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures.

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