Welcome to our dedicated page for Sonos news (Ticker: SONO), a resource for investors and traders seeking the latest updates and insights on Sonos stock.
News about Sonos, Inc. (NASDAQ: SONO) focuses on its role as an audio company and sound experience brand centered on multi-room wireless home audio and a connected sound platform. Company press releases highlight developments in its portfolio of home theater speakers, components, plug-in and portable speakers, and headphones, as well as updates on its platform strategy built around the Sonos System.
Investors and followers of SONO news will see regular announcements of quarterly and annual financial results, often accompanied by detailed discussions of revenue, margins, and non-GAAP measures such as Adjusted EBITDA. These earnings releases are paired with conference calls, webcasts, and slide presentations that the company uses to explain its performance and outlook.
Sonos news also covers leadership and governance changes, including appointments of executives and board members, along with descriptions of how these leaders support the company’s platform-driven strategy and focus on craftsmanship, customer-first design, and innovation in sound. Additional items include participation in investor conferences, where Sonos executives join fireside chats with analysts to discuss the business.
Because Sonos emphasizes the Sonos System and its ecosystem of devices, news can touch on how the company is aligning hardware, software, and go-to-market efforts to deepen household engagement and expand its base of more than 17 million households and tens of millions of connected devices. For ongoing updates on earnings, strategic direction, and corporate developments, this news feed provides a consolidated view of SONO-related announcements.
Sonos (NASDAQ: SONO) announced that CFO Saori Casey will participate in a fireside chat at the Jefferies Public Technology Conference on May 28, 2025. The discussion with Jefferies analyst Brent Thill is scheduled for 12:30 pm Pacific time. The event will be accessible via live webcast and replay through the News & Events section of Sonos' investor relations website.
Sonos (NASDAQ: SONO) has scheduled its second quarter fiscal 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The earnings report will cover the period ended March 29, 2025.
The company will release a press release and slide presentation, accessible via their investor relations website. A conference call and Q&A session will follow at 4:30 p.m. Eastern Time, with both toll-free (1-888-330-2454, conference ID: 8641747) and international (1-240-789-2714) dial-in options available.
Sonos (NASDAQ: SONO) has announced significant changes to its Board of Directors. Hugo Barra, co-founder and head of product at /dev/agents, has been appointed to the Board effective April 7, 2025. Barra brings extensive technology leadership experience from prominent roles at Meta (Oculus VR division), Xiaomi, and Google's Android division.
Simultaneously, Mike Volpi, Sonos's longest-serving director, is stepping down after 15 years of service. Board Chair Julius Genachowski highlighted Barra's expertise in AI and consumer technology as valuable assets for Sonos's future direction. Barra's track record includes leading Android's growth to its first billion users and overseeing Xiaomi's global expansion to become the world's third-largest smartphone manufacturer.
Sonos (NASDAQ: SONO) has announced a new $150 million stock repurchase program, replacing their previous $200 million program which had $11 million remaining. The new program allows Sonos to purchase common stock through various means, including open market repurchases, privately negotiated transactions, and Rule 10b5-1 trading plans.
The repurchase program has no time limit and will be funded through existing cash, cash equivalents, or future cash flow. The timing and volume of share repurchases will depend on factors including stock price, trading volume, and market conditions. The company maintains discretion to modify, suspend, or discontinue the program at any time.
Sonos (NASDAQ: SONO) has announced that Interim CEO Tom Conrad and CFO Saori Casey will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference. The discussion, moderated by Morgan Stanley analyst Erik Woodring, is scheduled for Monday, March 3, at 4:50 pm Pacific time.
Investors and interested parties can access both the live webcast and replay of the fireside chat through the News & Events section of Sonos' investor relations website.
Sonos (SONO) reported Q1 fiscal 2025 results with revenue of $551 million, near the high-end of guidance. The company achieved GAAP gross margin of 43.8% and GAAP net income of $50.2 million ($0.40 per share). Non-GAAP net income was $79.2 million ($0.64 per share), with Adjusted EBITDA of $91.2 million.
The company announced a significant reorganization, including a reduction in force affecting approximately 12% of employees. This restructuring is expected to result in charges of $15-18 million, primarily related to severance and benefits costs, to be incurred in Q2 fiscal 2025.
Revenue breakdown shows Sonos speakers generated $467.1 million, system products $60.3 million, and partner products $23.4 million. Geographically, Americas contributed $324.6 million, EMEA $197.6 million, and Asia Pacific $28.7 million.
Sonos (NASDAQ: SONO) has announced it will release its first quarter fiscal 2025 financial results on Thursday, February 6, 2025, after market close. The results will cover the period ended December 28, 2024.
The company will provide a press release and slide presentation, which will be available on their investor relations website. A conference call and Q&A session is scheduled for 4:15 p.m. Eastern Time on the same day.
Investors can access the live webcast through the company's investor website. For those preferring phone access, U.S. participants can dial toll-free at 1-888-330-2454, while international participants can call 1-240-789-2714 (conference ID: 8641747). A replay and transcript will be available after the call.
Sonos (NASDAQ: SONO) announced a significant leadership change as CEO Patrick Spence steps down from his position and Board membership, effective immediately. The Board has appointed Tom Conrad, an independent Board member since 2017, as Interim CEO while initiating a search for a permanent replacement with the help of an executive search firm.
The company emphasized that this leadership transition is unrelated to their upcoming fiscal first quarter results, scheduled for February 6, 2025. During his tenure, Spence expanded Sonos's presence in wireless home audio, home theater, portables, and headphones. Conrad, who has previous experience with Sonos through early Pandora integration initiatives, will focus on improving the core customer experience and optimizing business operations to drive innovation and financial performance.
Sonos (NASDAQ: SONO) released its 2024 Listen Better Report, highlighting environmental and social governance progress. The company introduced new products with sustainability features, including Sonos Ace headphones with recycled materials and Arc Ultra speakers with improved energy efficiency. The report details progress on their Climate Action Plan, showing a 6% decrease in total emissions compared to the previous year. Sonos strengthened its commitment to responsible business practices by integrating RBA Code of Conduct into its Supplier Code and supported diversity initiatives, including scholarships for women in sound engineering.
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