- Sonos plans to increase prices for select products due to US tariffs on imports from Vietnam and Malaysia.
- The company reported Q3 revenue of $344.8 million, exceeding analyst expectations despite challenges in 2024.
- Sonos canceled the launch of its first video streamer and has focused on product updates like TrueCinema for its app.
- Product lineup has been planned well in advance, with recent releases including Arc Ultra soundbar and Sub 4 subwoofer.
- New CEO Tom Conrad was appointed after Patrick Spence's departure, steering the company toward regaining consumer trust.