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.
Sonos Inc (SONO) delivers premium home sound systems that redefine audio experiences through innovative wireless speakers and smart home integration. This news hub provides investors and industry observers with essential updates about the company's market position and technological advancements.
Access official press releases and curated analysis covering product launches, financial results, and strategic partnerships. Our repository simplifies tracking of Sonos' developments in acoustic engineering, software updates, and global expansion efforts.
Discover updates across key categories including quarterly earnings reports, new product certifications, executive leadership changes, and collaborations within the smart home ecosystem. All content is verified through primary sources to ensure reliability.
Bookmark this page for streamlined monitoring of Sonos' innovations in multi-room audio systems and competitive developments within the consumer electronics sector. Check regularly for real-time updates that impact market understanding and investment decisions.
Sonos, Inc. (NASDAQ: SONO) reported record third quarter fiscal 2021 results with GAAP net income of $17.8 million, up from a loss of $57.0 million year-over-year. Non-GAAP net income soared to $38.7 million, compared to a loss of $11.6 million last year. Revenue increased 52% to $378.7 million, with a remarkable adjusted EBITDA of $46.7 million. The fiscal 2021 revenue outlook has been raised to $1.695 billion to $1.710 billion, reflecting a growth of 28%-29% year-over-year. CEO Patrick Spence emphasized strong demand and a bright future, citing significant macro trends in the audio market.
Sonos partners with Liverpool FC to enhance the auditory experience at Anfield and globally for fans. This first-ever partnership aims to create immersive sound experiences in the stadium and other venues. Sonos will improve internal lounges and player areas while connecting millions of Liverpool fans worldwide to Anfield’s unique atmosphere through its home theater products. The collaboration emphasizes the importance of sound in sports, with both brands sharing a passion for enhancing fan engagement.
Sonos has launched a partnership with The North Face to celebrate the introduction of the Sonos Roam, an ultra-portable smart speaker. This collaboration features a unique radio station on Sonos Radio named Never Stop Exploring, showcasing nine soundscapes recorded during The North Face's adventures, created by composer Mikael Jorgensen. The station offers immersive audio experiences narrated by renowned athletes. This partnership aims to enhance storytelling in outdoor exploration, expanding Sonos' innovative audio experience.
Sonos, Inc. (Nasdaq: SONO) will report its financial results for Q3 ending July 3, 2021, on August 11, 2021, after market close. A press release and slide presentation will be available at the company's investor relations website. The firm will hold a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results, with a live webcast accessible online. Sonos is recognized globally for its innovative multi-room wireless audio systems, enhancing the listening experience with high-quality sound and user-friendly design.
Sonos (NASDAQ: SONO) launches Sonos Radio HD in Austria, Canada, France, Germany, and The Netherlands, enhancing its global reach. The new station, The Lighthouse, created by Brian Eno, showcases unreleased music from his extensive archive. Eno aims to provide a unique listening experience with a mix of old and new tracks. Subscribers can enjoy this ad-free service for $7.99/€7.99 per month after a free trial. The expansion signifies Sonos' commitment to offering exclusive content and a high-definition audio tier.
Sonos, Inc. (Nasdaq: SONO) announced that CEO Patrick Spence will participate in the Morgan Stanley Life After Covid: 2021 Thematic Virtual Conference on May 20, 2021, at 11:15 am ET. The event will feature a fireside chat accessible via a live webcast and replay on the Sonos investor relations website. Sonos is recognized for its multi-room wireless home audio innovation, providing users with a superior sound experience and control over their audio content.
Sonos, Inc. (Nasdaq: SONO) reported impressive second quarter fiscal 2021 results, with a net income of $17.2 million, a significant turnaround from a loss of $52.3 million last year. Revenue rose 90% year-over-year to $332.9 million, driven largely by strong product demand. Non-GAAP diluted EPS improved to $0.31 from ($0.34), while adjusted EBITDA surged to $48.5 million. The company raised its fiscal 2021 revenue outlook to $1.625 billion - $1.675 billion, reflecting a growth of 23% to 26% year-over-year. CEO Patrick Spence emphasized ongoing strong demand and a positive long-term business model.
Sonos, Inc. (Nasdaq: SONO) will report its Q2 financial results for the period ending April 3, 2021, after market close on May 12, 2021. The company plans to issue a detailed press release along with a slide presentation, both available online. A conference call to discuss the results will occur at 5:00 p.m. ET, including a Q&A session. Investors can join via webcast or by phone. Sonos, a leader in the sound experience sector, is known for its innovative multi-room wireless audio systems.
Salesforce, a leader in CRM, announced that Sonos, a top sound experience company, is enhancing its digital shopping and customer engagement through Salesforce's platforms. Amid the pandemic, Sonos rapidly pivoted to a direct-to-consumer model, achieving an 84% year-over-year growth in this area. Key advancements include improved customer service using Service Cloud, a connected e-commerce platform via Commerce Cloud, and personalized communications through Marketing Cloud. These initiatives are part of Sonos' strategy to adapt to changing consumer behaviors and enhance customer experiences.
Sonos (Nasdaq: SONO) celebrates the first anniversary of Sonos Radio with new programming and exclusive content. Sonos Radio HD introduces unique artist stations such as Ghostface Killah’s Blue & Cream and M.I.A.’s OHMNI FM, along with new genre stations launching throughout May and June. Listeners can access shows featuring Canadian music and live events like Live from Van Gelder Studio. Sonos Radio remains free for all customers, while Sonos Radio HD is available for $7.99/month after a free trial. The enhanced service focuses on high-definition audio experiences.