Trade tariffs that impact Chinese imports are also cited as a risk.
In a move to “stay nimble” and boost profitability, Sonos cut about 6% of its workers ahead of an anticipated initial public offering that could take place as soon as June.
Spotify wants to avoid the traditional initial public offering.
The Finnish mobile games and animation studio priced its IPO at the top end of the initial price range.
Deal struck after lengthy spat between search engines and entertainment industry.