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This statistic highlights Sonos Inc’s Revenue by Product Category, split across Sonos speakers, Sonos system products, and Partner products and other revenue, reported on a quarterly basis from Q1 2019 onwards.
Sonos is one of the world’s leading brands offering sound experiences. Being the inventor of multi-room wireless audio products, the company’s innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. It is known for delivering an unparalleled sound experience, thoughtful design aesthetic, simplicity of use, multi-room capabilities, and an open platform.
|Category||Q1 2021||Q4 2021||Q1 2022||Contribution in Q1 2022|
|Sonos system products||$97.76||$67.74||$134.75||20.28%|
|Partner products and other revenue||$20.31||$18.28||$27.85||4.19%|
(All the figures in millions, except for percentages)
Sonos Inc’s total revenue declined from $645.58 million in Q1 2021 to $359.54 million in Q4 2021, marking a fall of 44.31%. There was a rise of 84.81% or $304.94 million on a quarterly basis, from $359.54 million in Q4 2021 to $664.48 million in Q1 2022. On a year-on-year basis, it rose by 2.9%, from $645.58 million in Q1 2021 to $664.48 million in Q1 2022.
Sonos Inc’s revenue is further bifurcated into the following product categories:
More than half of Sonos Inc’s revenue was generated from the Sonos speakers segment, accounting for 75.53% of the total revenue in Q1 2022. The revenue decreased from $527.52 million in Q1 2021 to $273.53 million in Q4 2021, a massive decline in revenue by 48.15% or $253.99 million. On a quarterly basis, the revenue increased by a massive 83.49%, from $273.53 million in Q4 2021 to $501.89 million in Q1 2022. Comparing yearly, there was a decline in the revenue from $527.52 million in Q1 2021 to $501.89 million in Q1 2022, projecting a decline of 4.86% or $25.63 million.
Sonos System Products
The revenue from the Sonos system products segment generated 20.28% of the total revenue in Q1 2022 and is one of the important revenue contributors for Sonos Inc. In Q1 2022, this segment earned a revenue of $134.75 million, which was an increase of 37.84% or $36.99 million on a yearly basis, as compared to $97.76 million revenue earned in Q1 2021. On a quarter-on-quarter basis, the revenue grew by a massive 98.92% or $67.01 million, when compared to $67.74 million in Q4 2021.
Partner Products and Other Revenue
The company generates part of its revenue from partner products and other revenue sources, such as module revenue from its IKEA partnership, architectural speakers from the partnership with Sonance. This segment also includes revenue from accessories such as speaker stands and wall mounts, professional services, licensing advertising, and subscription revenue.
The company’s revenue from the Partner products and other revenues segment witnessed a decline of 10% or $2.03 million, from $20.31 million in Q1 2021 to $18.28 million in Q4 2021. However, the revenue earned through this segment showed a rise from $20.31 million in Q1 2021 to $27.85 million in Q1 2022, accounting for an increase of 37.12% or $7.54 million on a year-on-year basis. Quarterly, the revenue generated from this segment increased by 52.35%, from $18.28 million in Q4 2021 to $27.85 million in Q1 2022. This segment accounted for 4.19% of the total revenue generated in Q1 2022.
Sonos Inc. and its wholly-owned subsidiaries design, develop, manufacture, and sell audio products and services. The Sonos sound system creates an immersive listening experience for its customers by combining the design of its speakers and components with a unique software platform and the ability to stream information from a variety of sources via the customer’s wireless network or via Bluetooth. Sonos’s items are sold through third-party physical retailers, which include custom installers of home audio systems, select e-commerce retailers, and its website, sonos.com.
Its products are distributed in more than 50 countries through its wholly-owned subsidiaries: Beijing Sonos Technology Co. Ltd. in China, Sonos Europe B.V.in the Netherlands, Sonos Japan GK in Japan and Sonos Australia Pty Ltd. in Australia. Sonos’ innovative products, seamless customer experience, and global expansion have resulted in sustained revenue growth for the 16th consecutive year since the company’s first product launch. It generates substantially all of its revenue from the sale of Sonos speakers and Sonos system products.
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