Sonos, Inc. (NASDAQ:SONO) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET

Corporate Participants

James Baglanis - Head-Investor Relations
Patrick Spence - Chief Executive Officer
Saori Casey - Chief Financial Officer

Conference Call Participants

Adam Tindle - Raymond James
Steve Frankel - Rosenblatt
Rayyana Matraji - Jefferies
Erik Woodring - Morgan Stanley

Operator

Thank you for standing by. My name is Dale, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sonos Third Quarter Fiscal 2024 Conference Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions].

I would now like to turn the conference over to James Baglanis, Head of Investor Relations and Treasury. You may begin.

James Baglanis

Good afternoon, and welcome to Sonos' third quarter fiscal 2024 earnings conference call. I'm James Baglanis and with me today are Sonos CEO, Patrick Spence; CFO, Saori Casey; and Chief Legal and Strategy Officer, Eddie Lazarus. For those who joined the call early, today's hold music is a sampling from our Sonos Radio station, Backyard Barbecue.

Before I hand it over to Patrick, I would like to remind everyone that today's discussion will include forward-looking statements regarding future events and our future financial performance. These statements reflect our views as of today only and should not be considered as representing our views of any subsequent date. These statements are also subject to material risks and uncertainties that could cause actual results to differ materially from expectations reflected in the forward-looking statements. A discussion of these risk factors is fully detailed under the caption Risk Factors in our filings with the SEC.

During this call, we will refer to certain non-GAAP financial measures. For information regarding our non-GAAP financials and a reconciliation of GAAP to non-GAAP measures, please refer to today's press release regarding our third quarter fiscal 2024 results posted to the Investor Relations portion of our website. As a reminder, the press release, supplemental earnings presentation and a conference call transcript will be available on our Investor Relations website, investors.sonos.com.

I will now turn the call over to Patrick.

Patrick Spence

Thank you, James, and hello, everyone.

It was the magic of the Sonos experience that brought me to the company 12 years ago. We pour our heart and soul into everything we do and we're proud of what we build and the way Sonos brings joy to our customers' lives. That's why it's so painful to let customers down the way we have with our new app. I am committed to making this right with our customers and partners. It's the company's #1 focus right now, and I will not rest until we're in a position where we've addressed the issues and have customers raving about Sonos again.