Sonos Will Survive This Transitional Period, But It Will Take Time
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Sonos is navigating a transitional period with recent workforce cuts and a strong Q1 earnings beat, despite a revenue decline. The company aims for significant cost savings to improve adjusted EBITDA.
February 11, 2025 | 8:30 pm
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Sonos reported a strong Q1 earnings beat, with revenue decline better than expected. The company is cutting 12% of its workforce to save $60-$70 million annually, aiming to improve adjusted EBITDA.
Sonos' strong Q1 earnings beat and better-than-expected revenue decline are positive indicators. The workforce reduction aims to save costs and improve EBITDA, which could positively impact stock price.
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