Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues1.3b1.7b1.8b1.7b1.5b1.6b1.8b
% growth5 %29 %2 %(6 %)(9 %)9 %12 %
EBITDA17.8m191m108m54.1m133m161m228m
% EBITDA margin1 %11 %6 %3 %9 %10 %12 %
Profit(20.1m)159m67.4m(10.3m)(21.1m)28.8m73.9m
% profit margin(2 %)9 %4 %(1 %)(1 %)2 %4 %
EV / revenue1.0x2.0x0.8x0.9x0.8x0.7x0.6x
EV / EBITDA72.7x17.9x13.9x26.6x8.9x7.3x4.9x
R&D budget215m230m256m301m---
R&D % of revenue16 %13 %15 %18 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
-

N/A

-
N/A

$22.2m

Late VC
N/A

$15.0m

Late VC
N/A

$4.8m

Series B

$25.0m

Late VC

$135m

Series F

$25.0m

Late VC
N/A

$130m

Secondary
N/A

$83.0m

Valuation: $1.5b

1.5x EV/LTM Revenues

64.4x EV/LTM EBITDA

IPO
Total Funding€206m

Recent News about Sonos

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More about Sonosinfo icon
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Sonos, accessible at sonos.com, is a leading company in the wireless home sound system market. The company specializes in creating high-quality, easy-to-install speakers that deliver exceptional sound throughout your home. Sonos targets a broad range of clients, from everyday consumers who enjoy music, movies, and TV, to professional producers, mixers, and artists who demand top-notch audio quality.

Operating in the consumer electronics market, Sonos has carved out a niche by focusing on wireless audio solutions. Their product lineup includes a variety of speakers that can be placed in multiple rooms, creating a seamless and immersive sound experience. The company's proprietary Trueplay tuning technology further enhances this experience by adapting the sound to the unique acoustics of each room, ensuring perfect balance and luxurious audio quality.

Sonos employs a direct-to-consumer business model, selling its products primarily through its website and select retail partners. This approach allows the company to maintain control over the customer experience and ensure high-quality service. They also offer customer support through a dedicated helpline, assisting clients in setting up their systems.

Revenue generation for Sonos comes from the sale of its wireless speakers and related accessories. The company also benefits from a loyal customer base that often returns to purchase additional speakers to expand their home sound systems. Additionally, Sonos collaborates with renowned producers and artists to fine-tune their products, adding a layer of credibility and appeal to audiophiles and professionals in the music industry.

In summary, Sonos is a prominent player in the wireless home sound system market, known for its high-quality, easy-to-install speakers and innovative sound technology.

Keywords: wireless speakers, home sound system, Trueplay technology, immersive audio, consumer electronics, direct-to-consumer, high-quality sound, multi-room audio, professional tuning, seamless experience.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Sonos

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Snips
ACQUISITION by Sonos Nov 2019
MAYHT
ACQUISITION by Sonos Apr 2022
RHA Audio
ACQUISITION by Sonos Feb 2022
T2 Software
ACQUISITION by Sonos Feb 2022