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 $1.752 billion 2% 5% 45.4% $226.5 million 12.9% Previous FY23 Outlook $1.625 1.675 billion - (7%) - (4%) (5%) - (2%) 44.3 - 44.8% $138 168 million 8.5% - 10.0% Revised FY23 Outlook $1.641.66 billion (6%) - (5%) (4%) - (3%) 44.0 - 44.2% $148 158 million 9.0% - 9.5% Note: Adjusted EBITDA, Adjusted EBITDA Margin and constant currency 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 Midpoint of revenue and Adjusted EBITDA unchanged from previous FY23 outlook Gross margin reduction driven by increase in excess component inventory provision, full year headwind of higher than normal provision build estimated to be -100bps O FX >100bps headwind Reflects Q2 development of lower run-rate demand observed in Q2, channel partners inventory tightening FX to be approximately $46 million headwind to revenue, significant flowthrough to gross profit and Adjusted EBITDA 11

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