Sonos Results Presentation Deck

FY24 Outlook: Balancing Investment to Drive Margin Expansion Revenue % (decline) / growth constant currency GAAP Gross Margin Adjustments¹ Non-GAAP Gross Margin¹ 1 Adjusted EBITDA Adjusted EBITDA Margin FY23 Actuals $1.655 billion (6%) (3%) 43.3% 0.4% 43.7% $153.9 million 9.3% FY24 Outlook $1.6 to 1.7 billion (3%) to 3% (3%) to 3% 45.0% to 46.0% 0.4% 45.4% to 46.4% $150-180 million 9.4% 10.6% Key Assumptions Midpoint of guidance implies O O O Revenue of $1.65 billion (flattish y/y) GAAP Gross Profit of $751 million (+5% y/y) O GAAP Gross Margin of 45.5% (+220 bps y/y) Adjusted EBITDA of $165 million (+7.2% y/y, 10% margin, +70 bps y/y) Revenue guidance assumes O No material recovery in run-rate registration trends observed in 2H23 Revenue from new product introductions of over $100 million, largely from one product in a new, multi-billion dollar category to be launched in 2H24 FY24 Gross margin recovery driven by lower component costs, favorable product mix, and reductions to inventory reserves and component spot buys Note: Adjusted EBITDA, Adjusted EBITDA Margin and constant currency 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. FY24 outlook only as of the date of this presentation. See "Forward-Looking Statements" for more information. 1 Non-GAAP gross margin excludes approximately $7 million (0.4% of revenue) of stock-based compensation and amortization of intangible assets included in GAAP gross margin 17

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