Sonos Results Presentation Deck

Investing in the business in Q3 Research and Development (GAAP) % of revenue Sales and Marketing (GAAP) % of revenue General and Administrative (GAAP) Legal and transaction related costs Adjusted General and Administrative (Non-GAAP) % of revenue Total Operating Expenses (GAAP) Legal and transaction related costs Adjusted Operating Expenses (Non-GAAP) % of revenue Note: $ in millions, unaudited. Percentages and sums have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. Q3'22 $ 62.5 16.8% $ 64.0 17.2% $ 42.4 7.5 $34.9 9.4% $168.9 7.5 $161.4 43.4% Q3'21 $ 55.6 14.7% $67.2 17.8% $38.3 5.4 $ 33.0 8.7% $161.1 5.4 $155.8 41.1% Y/Y Change 12.5% 210 bps -4.8% (60) bps 10.6% 39.4% 5.9% 70 bps 4.8% 39.4% 3.6% 230 bps ● Adjusted Opex deleverage of 230 bps YoY: R&D +12.5% primarily due product development costs and professional fees, increased headcount, partially offset by lower variable comp O S&M -4.8% primarily due to lower variable comp partially offset by increased headcount and marketing investments G&A ex legal and transaction costs +5.9% due to continued systems and tools investment and increased headcount, partially offset by lower variable comp. This includes investments to replace our legacy ERP system with the new system which went live in the quarter

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