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  "documentTitle": "Sonos | Results Presentation Deck | 19 slides",
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  "notes": "The slide uses a lifestyle image of Sonos speakers on a mantelpiece as a visual anchor.",
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      "text": "Q3 revenue of $372M, -2% from LY (+2% constant currency) driven by softer consumer demand, supply constraints, and unfavorable FX\nQ3 gross margin of 47.3%, +250 bps from Q2 driven primarily by timing of expenses related to higher component costs\n+30bps from LY driven by higher selling prices, partially offset by higher component costs\nQ3 adjusted EBITDA of $42.1M, -10% from LY driven by higher investments in the business and lower revenue\nQ3 adjusted EBITDA margin of 11.3%",
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      "text": "Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures.",
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