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This statistic highlights Sonos Inc’s Revenue Breakdown by Region, split across the Americas, EMEA and Asia-Pacific regions, reported on a quarterly basis from Q1 2018 onwards.
Specializing in the development and manufacture of audio products, Sonos’ first official store was inaugurated in New York City in 2016; which was subsequently closed down in mid-2020. In addition to its New York store, the company established a shop in Seven Dials, London in 2017. Another store was opened in Berlin, Germany in 2018. Sonos currently has 12 independent operating offices spanning several countries—including China, Australia, the Netherlands, Germany, France, Sweden, the United States, and the United Kingdom. As of 2017, their engineering office is located in Boston.
|Revenue Breakdown by Region||Q1 2021||Q4 2021||Q1 2022||Revenue Mix by Region|
(All figures are in millions, except percentages)
The total revenue has been rather inconsistent through the passing quarters. From the above-given timeline, revenue appears to have peaked in Q1 2022 at $664.481 million. The previous quarter recorded a revenue of $359.539 million which grew by a massive 84.81% on a quarterly basis, between Q4 2021 and Q1 2022. The revenue in Q1 2021 stood at $645.584 million and grew on year-over-year by a mere 2.93%.
This growth can be owed to the strength in product demand in spite of lower promotional activity along with the continuing impact of restricted product availability because of supply chain challenges spanning the entire industry. The company calculates its constant currency growth percentages by translating financial results of a prior period using the current period average currency exchange rate and comparing said amounts to the current period’s results that are reported.
This region has consistently been the greatest revenue contributor for Sonos. This implies that Americas bears the company’s largest portion of consumers. The revenue contributed was the maximum in Q1 2022, standing at $373.813 million, thereby constituting a major 56.26% of the quarterly total. The revenue recorded in the preceding quarter was rather modest at $196.034 million. It marked a quarter-on-quarter growth of 90.69%, from Q4 2021 to Q1 2022. The year-on-year growth from $367.239 million in Q1 2021 to $373.813 million in Q1 2022 was only 1.79%. Though Q1 2022 recorded the greatest amount of revenue collected, revenue mix i.e. proportion of revenue contributed was the highest in Q1 2021 at 56.88%. The revenue mix for Q4 2021 stood at 54.52% of the respective quarterly total.
The Europe, Middle East and Africa (EMEA) region is the second-highest revenue-contributing region for Sonos. On average, this region has contributed approximately 37% to the total revenue over the quarters. The highest revenue recorded was in Q1 2022, standing at $245.482 million, which comprised 36.94% of the total quarterly revenue. Q4 2021 collected a revenue total of $137.935 million which grew by a significant 77.97% on a quarterly basis. The year-on-year revenue growth from $240.007 million in Q1 2021 to $245.482 million in Q1 2022 was much less significant as compared to the aforementioned quarterly growth. The yearly growth stood at 2.28%. Though Q4 2021’s revenue was the lowest out of the above-mentioned quarterly timeline, its revenue mix was the highest at 38.36% of the quarterly total. Q1 2021’s revenue proportion was 37.18% of the respective quarterly total.
The lowest of the three regions, Asia Pacific’s (APAC) contribution to the total revenue was the highest in Q1 2022 as it grossed $45.186 million, which was 6.8% of the total quarterly revenue. As also seen in the previous regions, Q4 2021 was the lowest revenue-grossing quarter from the above timeline. APAC recorded a revenue of $25.57 million in the said quarter, which grew quarterly by 76.72% till the subsequent quarter. This quarter-on-quarter growth was the lowest from that of all three regions for the same period. APAC’s yearly growth from $38.338 million Q1 2021 to $45.186 million in Q1 2022 was 17.86%. The revenue mix was the highest in Q4 2021 at 7.11%, and that for Q1 2021 was 5.94% of the quarterly total.
Founded in 2002 by John MacFarlane, Trung Mai, Craig Shelburne, and Tom Cullen, Sonos Inc is one of the most established and well-regarded sound experience companies that is best known for its multi-room audio products. They are known for their unparalleled and one-of-a-kind sound experience, careful aesthetic, and open platform in their product designs. Their speakers and components and proprietary software platform are easy to set up and operate and provide a seamless customer experience along with an open-platform and multi-user environment. The company headquarters are located in Santa Barbara, California. The company’s stock is traded under the ticker “SONO” on the NASDAQ.
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