Business
Sonos Reports Second Quarter Fiscal 2025 Results
Q2 revenue at high end of guidance range, Adjusted EBITDA above high end due to significant year over year expense declines SANTA BARBARA, Calif.--(BUSINESS
About this update from Sonos, Inc.
[{"type":"text","content":"\nQ2 revenue at high end of guidance range, Adjusted EBITDA above high end due to significant year over year expense declines\n\n SANTA BARBARA, Calif.--(BUSINESS WIRE)--\nSonos, Inc. (Nasdaq: SONO) today reported Second Quarter Fiscal 2025 results.\n\n“We made significant progress in Q2 across our top initiatives,” said Tom Conrad, Sonos Interim Chief Executive Officer. “We’re firmly on track in restoring the reliability and responsiveness our customers expect, with nine major software updates delivered in the last 120 days and more on the way. We’re actively navigating the evolving tariff landscape with operational discipline and flexibility and we're reinvigorating demand through strategic pricing on Era 100, one of our most popular gateway products. Even in a complex environment, we’re operating with focus and confidence as we position Sonos for long-term success.”\n\n“We stayed disciplined and continued to execute well in Q2 as we delivered revenue at the high end of our guidance with Adjusted EBITDA that exceeded our expectations,” commented Saori Casey, Sonos Chief Financial Officer. “We believe that our continued progress on our transformation efforts positions us well to navigate this uncertain macroeconomic environment.”\n\nSecond Quarter Fiscal 2025 Financial Highlights (unaudited)\n\n\nRevenue of $259.8 million\n\n\nGAAP gross margin of 43.7%\n\n\nGAAP net loss of ($70.1) million, GAAP diluted loss per share (EPS) of ($0.58)\n\n\nNon-GAAP net loss1 of ($21.7) million, Non-GAAP diluted EPS1 of ($0.18)\n\n\nAdjusted EBITDA1 of ($0.8) million\n\n\nNotes:\n(1) Non-GAAP net loss/Non-GAAP diluted loss per share (EPS) and Adjusted EBITDA exclude stock-based compensation, legal and transaction related fees, amortization of intangibles, and restructuring and other charges. See “Use of Non-GAAP Measures” and reconciliations to GAAP measures below.\n\nGuidance\n\nThe company will provide guidance on its Second Quarter Fiscal 2025 earnings call.\n\nSupplemental Earnings Presentation\n\nThe company has posted a supplemental earnings presentation accompanying its Second Quarter Fiscal 2025 results to the Earnings Reports section of its investor relations website at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports.\n\nConference Call, Webcast and Transcript\n\nThe company will host a webcast of i...