On May 7, 2025, Sonos, Inc. reported its financial results for the second quarter of fiscal 2025. The company achieved a 3% year-over-year increase in revenue, reaching $259.8 million, marking a return to growth. The GAAP net loss for the quarter was $70.1 million, or $0.58 per share, while the non-GAAP diluted loss per share was $0.18.
A notable highlight was the significant improvement in Adjusted EBITDA, which moved from negative $33.6 million in Q2 FY24 to negative $0.8 million in Q2 FY25. This improvement was largely driven by a substantial 14% decline in non-GAAP operating expenses, reflecting the early benefits of the company's cost reduction initiatives.
Sonos also raised its annualized run rate operating expense savings targets to $100-$130 million on a GAAP basis and $80-$100 million on a non-GAAP basis. For the third quarter of fiscal 2025, the company provided revenue guidance between $310 million and $340 million, and Adjusted EBITDA is expected to be between $12 million and $37 million.
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