Sonos Results Presentation Deck

FY23 Outlook: Investing in our Product Roadmap and Category Expansion to Drive Long Term Growth Revenue % growth / (decline) % growth - CC Gross Margin Adjusted EBITDA Adjusted EBITDA Margin FY22 Actuals $1.752 billion 2% 5% 45.4% $226.5 million 12.9% FY23 Outlook $1.7 1.8 billion (3%) -3% 1% - 7% 45.0 - 46.0% $145 180 million 8.5% - 10.0% Note: Adjusted EBITDA and Adjusted EBITDA Margin 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 Expect FX to be $79 million headwind to revenue, significant flowthrough to gross profit and Adjusted EBITDA ● Demand trends consistent with stabilized level of 4Q22 Gross margin tailwind from fewer spot component purchases and less reliance on air freight in FY23 to be largely offset by FX headwind and resumption of normal promotional activity in 1Q23 Continued investment in product roadmap, headcount growth at reduced pace compared to FY22

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