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Jun 29, 2024
Sonos Q3 2024 Earnings Report
Reported year-over-year revenue growth and delivered results that slightly exceeded expectations, but the app rollout caused problems requiring a reduction in Fiscal 2024 guidance.
Key Takeaways
Sonos reported slight revenue growth year-over-year, driven by the introduction of their new headphones, Ace. However, issues with the rollout of their new app have led to a reduction in their Fiscal 2024 guidance.
Reported year-over-year revenue growth thanks to Ace.
Results slightly exceeded expectations in the third quarter.
Problems with the rollout of the new app impacted customers and partners.
Fiscal 2024 guidance was reduced due to app issues.
Sonos
Sonos
Sonos Revenue by Segment
Sonos Revenue by Geographic Location
Revenue by Segment
Sonos Speakers Revenue
CapyFin.comSonos System Products Revenue
CapyFin.comPartner Products & Other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope, Middle East & Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
The company will provide its Fiscal 2024 outlook on its third quarter fiscal 2024 earnings call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income