Sonos Results Presentation Deck

Investing in the Business in FY22 R&D (GAAP) Less: Restructuring and related charges Less: Stock-based compensation R&D (Non-GAAP) % of revenue S&M (GAAP) Less: Restructuring and related charges Less: Stock-based compensation S&M (Non-GAAP) % of revenue G&A (GAAP) Less: Stock-based compensation Less: Legal and transaction related costs Adjusted G&A (Non-GAAP) % of revenue Total Operating Expenses (GAAP) % of revenue Less: Restructuring and related charges Less: Stock-based compensation Less: Legal and transaction related costs Adjusted Operating Expenses (Non-GAAP) % of revenue FY22 256.1 30.7 225.3 12.9% 280.3 15.3 265.0 15.1% 170.4 28.0 22.9 119.6 6.8% 706.8 40.3% 74.0 22.9 609.9 34.8% FY21 230.1 25.1 205.0 11.9% 272.1 (2.5) 13.6 261.0 15.2% 152.8 22.5 30.1 100.3 5.8% 655.0 38.2% (2.4) 61.1 30.1 566.3 33.0% Y/Y Change 11% na 23% 10% 100bps 3% na 13% 2% (10bps) 12% 24% (24)% 19% 100bps 8% 210bps na 21% (24)% 8% 180bps GAAP OpEx deleverage of 210 bps y/y O O O O Headcount growth of +21% partially offset by lower bonus Stock-based compensation (SBC) +21% y/y due to increased headcount Adjusted OpEx deleverage of 180 bps y/y: Non-GAAP R&D +10% primarily due to increased headcount and product development costs and professional fees, partially offset by lower bonus Legal and transaction-related costs down 24% y/y Note: $ in millions (unless noted), unaudited. Percentages and sums have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. O Non-GAAP S&M +2% primarily due to higher brand and marketing expenses, professional fees and increased headcount, partially offset by lower bonus Non-GAAP Adjusted G&A +19% due to increased headcount and continued systems and tools investment, partially offset by lower bonus. This includes investments to replace our legacy ERP system with the new system which went live in 3Q22

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