Sonos Results Presentation Deck
Record Profitability and Strong Revenue Growth
Q4 Revenue
$272.9
4Q18
Q4 Adjusted EBITDA
$20.2
4Q18
$294.2
4Q19
$(2.8)
4Q19
$339.8
4Q20
$46.4
4Q20
Revenue +16%; excluding 14th week, revenue
+7% due to strong demand, success of recent
new product intros, and 67% DTC growth offset
by negative effect of COVID-19 on retail store
partners and product availability constraints
Adjusted EBITDA growth driven by continued
strong demand, further gross margin expansion,
and significant opex leverage
Adjusted EBITDA margin +1460 bps to record
13.7%; ex-tariffs adjusted EBITDA margin of
14.4%
Gross margin +530 bps to record 47.5%;
ex-tariffs gross margin +560 bps to 48.3%
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