NASDAQ$SONO

Sonos Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported fourth quarter and fiscal 2024 results, highlighting app recovery progress and new product launches.

Sonos reported Q4 fiscal 2024 results with a revenue of $255.4 million and a GAAP net loss of $53.1 million. The company focused on app recovery efforts and launched new products like Arc Ultra and Sub 4. While facing headwinds in the audio category, Sonos is confident in its ability to gain market share.

  • Made significant progress in app recovery efforts.
  • Launched new products Arc Ultra and Sub 4.
  • Product lineup is the strongest it’s ever been.
  • Focused on acquiring more customers and solidifying loyal customer base.

Headline financials

Total Revenue

$255M

Previous: $305M-16.3%
EPS (adj)

-$0.18

Previous: -$0.07-157.1%
Adjusted EBITDA

-$22.6M

No prior period
Adjusted EBITDA margin

-8.9%

No prior period
Net income margin

-20.8%

No prior period
GAAP gross margin

40.3%

No prior period
Non-GAAP gross margin

41.0%

No prior period
Capital Expenditures

-$15.8M

Previous: $10.2M-254.6%
Net Income

-$53.1M

Previous: -$31.2M-70.0%
Operating Income

-$69.4M

Previous: -$28.4M-144.6%
Gross Profit

$103M

Previous: $128M-19.6%
Stock-Based Comp

$19.3M

Previous: $17.3M+11.7%

Revenue & EPS history

Sonos · Revenue · Quarterly

$255M

Q4 2024-16.3%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Sonos · $305M total across 3 segments · Q4 2023

  • Sonos speakers
    $223M-5.0%
  • Sonos system products
    $62.3M-0.7%
  • Partner products and other revenue
    $19.5M+5.9%

Forward guidance

The company will provide guidance on its fourth quarter and Fiscal 2024 earnings call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-3.5%

Avg return

30 days after

51%

19 / 37 earnings

Positive

+29.5%

Q4 2020

Best reaction

-25.9%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.0%+1.3%+9.3%
Q1 2026+6.4%+16.7%-2.5%
Q4 2025+1.5%+1.5%+16.7%
Q2 2025+9.7%+25.3%+11.9%
Q1 2025-7.5%-12.5%-14.1%
Q4 2024-2.2%-10.2%+3.6%
Q3 2024-5.4%-8.4%-6.9%
Q2 2024-5.8%-7.0%-11.2%
Q1 2024+21.8%+15.6%+20.2%
Q4 2023+18.0%+27.2%+51.1%
Q3 2023-7.8%-11.8%-16.1%
Q2 2023-25.9%-28.7%-27.5%
Q1 2023+11.9%+14.2%+3.0%
Q4 2022-2.5%-3.7%-1.5%
Q3 2022-22.3%-22.2%-27.1%
Q2 2022+4.4%+4.5%+2.0%
Q1 2022+4.7%+2.7%-9.7%
Q4 2021-4.3%-6.8%-14.0%
Q3 2021+6.2%+13.4%+5.0%
Q2 2021-3.0%-2.9%+1.3%
Q1 2021+13.1%+10.1%+28.9%
Q4 2020+29.5%+25.1%+42.0%
Q3 2020-13.6%-16.5%-20.7%
Q2 2020-1.3%+0.6%+14.0%
Q1 2020+8.0%-5.7%-28.2%
Q4 2019-2.0%+6.5%+2.2%
Q3 2019+8.8%+18.8%+48.0%
Q2 2019+4.0%+1.8%+3.3%
Q1 2018-13.5%-9.3%-19.3%
Q1 2019-17.1%-16.5%-24.2%
Q2 2018+4.5%+7.5%-15.6%
Q2 2017+4.5%+7.5%-15.6%
Q1 2016+4.5%+7.5%-15.6%
Q4 2018+10.8%-4.4%-18.2%
Q3 2018-19.2%-21.6%-38.0%
Q3 2017-19.2%-21.6%-38.0%
Q4 2017-19.2%-11.2%-28.8%

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