Sonos, Inc. - SONO STOCK NEWS

Sonos (NASDAQ: SONO) announced an exciting fall programming line-up for Sonos Radio, featuring 20 new artist-curated stations and shows. Highlights include a station by Erykah Badu and a collaboration with Kareem Abdul-Jabbar. This expansion aims to enhance user engagement as listening hours nearly doubled last year. New sleep and holiday stations, as well as international programming, are set to create unique audio experiences for fans. Sonos Radio is free and accessible globally, while Sonos Radio HD offers ad-free, high-definition audio for $7.99/month after a free trial.

Sonos has unveiled the Beam (Gen 2), an upgraded compact soundbar available starting October 5 for $449. This model supports Dolby Atmos and offers enhanced sound quality, making it ideal for home theater experiences. Pre-orders are now available on Sonos.com. The new Beam will also feature Amazon Music's Ultra HD and Dolby Atmos Music later this year, enriching the listening experience with high-definition audio. This launch positions Sonos competitively in the home audio market.

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.