Sonos Results Presentation Deck
Record Profitability and Strong Revenue Growth
Q1 Revenue
$496.4
1Q19
Q1 Adjusted EBITDA
$87.4
1Q19
$562.1
1Q20
$93.2
1Q20
$645.6
+15%
1Q21
$166.3
+78%
1Q21
Revenue +15% due to strong demand,
continued success of recent new product intros,
and strong DTC growth
Adjusted EBITDA +78% driven by continued
strong demand, further gross margin expansion,
and significant opex leverage
Adjusted EBITDA margin +920 bps to record
25.8%; ex-tariff duties and refunds adjusted
EBITDA margin of 25.3%
Gross margin +590 bps to record 46.4%;
ex-tariff duties and refunds gross margin of
45.9%
Note: $ in millions, unaudited.
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.View entire presentation