Sonos Results Presentation Deck

FY23 Highlights 15 RADIOHEAD OK COMPUTER DAK IS NOW • Revenue of $1.66B, -6% y/y (-3% constant currency) driven by partner channel inventory reductions, softer consumer demand in the second half of the year, FX and tough compares due to FY22 backorder fulfillment, partially offset by favorable product mix and the success of new product introductions • Gained significant $ market share in US, UK, and DE home theater category, recorded our highest annual market share since FY19 in both US and DE • Record 3.05 products per household vs. 2.98 LY; ending year in 15.3M homes, with existing households representing 44% of new registrations • Gross margin of 43.3%, -220bps y/y, driven by return to normal level of promotional activity versus FY22, higher component costs, excess component provisions and FX headwind, partially offset by fewer spot component purchases, price increases and lower air freight expense • Adjusted EBITDA of $153.9M, 9.3% margin, -360bps y/y driven by lower revenue, gross margin contraction and ongoing investments in product roadmap • Free cash flow of $50.1M, +$124.6M y/y from -$74.5M in FY22 • Returned $100M to shareholders by repurchasing 6.6M shares, Board announced authorization of additional $200M program Source: internal data, Circana for US, GfK UK and DE Note: Unaudited. Adjusted EBITDA and free cash flow are non-GAAP measures. See appendix for reconciliation of GAAP to non-GAAP measures. 3

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