Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Q3 Highlights Q3 revenue of $373.4M, +0.4% y/y (+0.3% constant currency) and +23% sequentially O Narrowing FY23 guidance range and maintaining midpoint for revenue and Adjusted EBITDA In Q3 gained $ and unit market share in US and EMEA (UK and DE) home theater category Impressive media and influencer support continue for Era 100 and Era 300, as the products generate outstanding customer reviews Took action to rightsize expense base with 7% reduction in force (RIF) announced in mid-June and further rationalization of real estate footprint and program spend Q3 gross margin of 46.0%, -130bps y/y and +270bps q/q Q3 Adjusted EBITDA of $34.3M, margin of 9.2% Note: Unaudited. Adjusted EBITDA, Adjusted EBITDA Margin and constant currency are non-GAAP measures. *See appendix for reconciliation of GAAP to non-GAAP measures. 3
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