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Calling Year ‘Transitional,’ Sonos Reports Fiscal 2025 Results; Revenues Decline, Losses Increase

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CEO Articulates a New Strategy…But, Is It Really New?

Calling 2025 a “transitional” year, new Sonos, Inc. (Nasdaq: SONO) CEO Tom Conrad suggested the company turned a corner in the fourth quarter, as part of reporting its financial results for fiscal 2025, the year that ended on September 27, 2025. However, I couldn’t help but notice company executives were carefully choosing their words in describing the company’s performance – referring to just certain key Q4 numbers and “adjusted” results. This always makes me want to take a deeper look, and when I looked at fiscal 2025’s total performance, it was disappointing, with revenues continuing to decline and losses progressively increasing…again.

Even in the fourth quarter, which the executives did want to talk about, the company lost $37.9 million.

Learn all about how Sonos performed in fiscal 2025…

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Sonos Reports Fiscal 2025 Q3 Results; Revenues Drop 13%, Reveals Net Loss of $3.4M

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Sonos, Inc. (Nasdaq: SONO) released its financial results for the third quarter of Fiscal Year 2025, which included a double-digit percentage revenue decline and a significant net loss in the millions of dollars. Yet Sonos management declared victory with new CEO Tom Conrad calling the quarter a “…solid step forward for Sonos,” and CFO Saori Casey joining in by saying, “Q3 was another quarter of solid execution…”

Are we watching the same movie here?

See all the details on the Sonos Q3 of fiscal 2025 financial performance

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Latest Sonos Earnings Report Shows Just How Bad Things Are

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Sonos graphic for Q1 Fiscal 2025 results
Is that a disaster movie they’re watching?

Sonos announced the financial results for its first quarter of Fiscal 2025, the 90-day period that ended on December 28, 2024. It was sobering news – Revenues declined over 10%, Operating Income collapsed almost 40%(!), and Net Income slid 38%. These poor results show that Sonos is starting out 2025, not as bad as 2024…it’s starting out worse.

Yet some outlets on Wall Street reported Sonos results were “better than expected.” With these numbers, how is that possible? Read on…

Learn all about the Sonos financial results in the first quarter of Fiscal 2025

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Sonos in Sustained Struggle Throughout 4Q & Full Year Fiscal 2024

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Sonos 4Q and Full Year Fiscal 2024 results

Sonos, Inc. (Nasdaq: SONO) Chief Executive Officer Patrick Spence did his best to sound upbeat and exuberant recently as he discussed the company’s results for its fourth quarter (4Q) and full year of Fiscal 2024 on an earnings call with financial analysts. Although most expected poor results in the wake of recent challenges, the numbers were particularly rough as the company is struggling against market headwinds in the audio segment, a less-than-satisfying rollout of what it had hoped would be a blockbuster new product in a blockbuster new category (Ace headphones), and most vexingly, from its own self-inflicted wound with a horribly botched app rollout.

Spence faced a tough sell to analysts, even with reduced expectations, as the numbers were quite disappointing.

See the results for 4Q & full-year fiscal 2024 at Sonos

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