Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Q3 Financial Summary Q3 Revenue $378.7 CC: +45.1% Reported: +51.9% 3Q21 Americas (59% of sales): 48.0% y/y EMEA (33% of sales): 50.6% y/y APAC (8% of sales): 100.5% y/y Q3 Adjusted EBITDA $46.7 12.3% margin 3Q21 $371.8 CC: +2.2% Reported: -1.8% 3Q22 Americas (63% of sales): 3.9% y/y EMEA (30% of sales): -10.7% y/y APAC (7% of sales): -7.1% y/y $42.1 11.3% margin 3Q22 $373.4 CC: +0.3% Reported: +0.4% 3Q23 Americas (67% of sales): 8.3% y/y EMEA (28% of sales): -6.5% y/y APAC (4% of sales): -38.4% y/y $34.3 9.2% margin 3Q23 Revenue +0.3% constant currency, or +0.4% reported to $373.4M driven by: Americas growth resulting from resilient consumer demand and strong performance of new product introductions, and successful Father's Day promotion in June Partially offset by declines in EMEA and APAC due to softer consumer demand O Registrations -2% y/y while products sold -11% y/y Products sold declined more than registrations, consistent with expectations for registrations to outpace sell-in for the second half of Fiscal 2023 Favorable product and channel mix and price increases caused revenue to be roughly flat y/y despite the decline in products sold O Adjusted EBITDA declined to $34.3M, margin of 9.2% Decline driven by higher headcount and -130bps gross margin contra tion O FX was approximately a $0.7M tailwind to Adjusted EBITDA Note: $ in millions (unless noted), unaudited. Adjusted EBITDA, Adjusted EBITDA margin and constant currency are non-GAAP measures. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. 5
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