Sonos Reports Strong Q4, Turns Profit

Sonos, the renowned speaker company, defied expectations with its fourth quarter financial results, reporting a smaller loss and a 13% revenue increase. This positive turnaround comes after a year of restructuring, with the company now focusing on creating a seamless home sound platform. For the fiscal year, Sonos turned a profit of $78.5 million, a significant improvement from the previous year's loss.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.