New Product Launches
Sonos successfully launched new products, including Arc Ultra, Sub 4, and Ace headphones, with positive feedback and high customer ratings. Arc Ultra incorporates innovative Sound Motion technology.
Increase in Products Per Home
Despite challenges, the average number of Sonos products per home increased to 4.42, reflecting customer loyalty and satisfaction.
Strong Financial Management
Sonos managed to keep a flat net cash position of $221 million, despite the challenging year, and improved free cash flow by $85 million.
Transformation Initiatives
Sonos began implementing transformational cost initiatives, including a 6% reduction in force and leveraging AI to improve customer service efficiency.