Sonos Results Presentation Deck

Raising FY21 Outlook: Continued Strong Demand and Adj. EBITDA Margin Expansion Adjusted EBITDA Adjusted EBITDA Margin Gross Margin Revenue % growth (52 wk vs 52 wk) % growth (as reported) Other Key Assumptions: Tariffs FY20 Actuals $108.5 million 8.2% 43.1% $1.326 billion 3% 5% $32 million Initial FY21 Outlook (provided at 4Q earnings) $170 $205 million 12.0%-14.0% 45.3% - 45.8% $1.44 $1.5 billion 11% - 15% 9% -13% Minimal tariff expense, no tariff refund assumed Prior FY21 Outlook (provided at 1Q earnings) $195 $225 million 12.8% 14.3% 46.0% - 46.5% $1.525 $1.575 billion 17% -21% 15% - 19% Minimal tariff expense, no tariff refund assumed 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. FY21 Outlook speaks only as of the date of this presentation. See "Forward-Looking Statements" for more information. Prior FY21 Outlook (provided at 2Q earnings) $225 $250 million 13.8% 14.9% 46.0% - 46.5% $1.625 $1.675 billion 25% -29% 23% -26% Minimal tariff expense, no tariff refund assumed NEW FY21 OUTLOOK $270-$280 million 15.9% -16.4% 46.5% 46.9% $1.695 - $1.71 billion 30% -31% 28% -29% Minimal tariff expense and tariff refund assumed in Q4

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