Sonos reported Q2 Fiscal 2025 results, achieving revenue of $259.8 million, which was at the high end of their guidance range. The company also exceeded expectations for Adjusted EBITDA, reporting a loss of $0.8 million, significantly improved from the prior year, driven by substantial year-over-year expense reductions. GAAP net loss was $70.1 million and GAAP diluted EPS was ($0.58). Non-GAAP net loss was $21.7 million and Non-GAAP diluted EPS was ($0.18).
Q2 revenue of $259.8 million was at the high end of the company's guidance range.
Adjusted EBITDA of ($0.8) million exceeded expectations due to significant year-over-year expense declines.
The company made significant progress on top initiatives, including restoring software reliability and responsiveness.
Strategic pricing on the Era 100 product is being used to reinvigorate demand.
The company will provide guidance on its Second Quarter Fiscal 2025 earnings call.
Visualization of income flow from segment revenue to net income