Sonos Results Presentation Deck
Record Q2 Profitability and Strong Revenue Growth
Q2 Revenue
$210.2
2Q19
Q2 Adjusted EBITDA
($2.8)
2Q19
$175.1
2Q20
($28.4)
2Q20
$332.9
2Q21
$48.5
2Q21
Revenue +90% due to strong demand,
continued success of new product intros,
annualizing the Y/Y declines in Q2 20 (partner
inventory rebalancing / start of COVID-19
pandemic LY), and strong DTC growth
Adjusted EBITDA growth driven by continued
strong demand, significant gross margin
expansion, and opex leverage on the higher
sales volume
Adjusted EBITDA margin increased to record
14.6%; ex-tariff duties and refunds adjusted
EBITDA margin of 15.2%
Gross margin +810 bps to record 49.8%;
ex-tariff duties and refunds gross margin
of 50.4%
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