Sonos Q1 revenue $551M near guidance high end; announces reduction in force

Sonos Inc

2025-Q1 EPS reported $0.40 revenue$550,857,000

Revenue $551M; GAAP net income $50.2M ($0.40 EPS); Non-GAAP net income $79.2M ($0.64 EPS).
Adjusted EBITDA $91.2M; GAAP gross margin 43.8%.
Company implemented a reduction in force as part of organizational changes to drive efficiency.
Interim CEO Tom Conrad said changes mark start of a new chapter of efficiency and growth.
Q1 revenue near high-end of previously provided guidance range.

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