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Jun 30, 2021
Frontdoor Q2 2021 Earnings Report
Frontdoor reported an 11 percent revenue increase to $462 million.
Key Takeaways
Frontdoor, Inc. announced strong second-quarter 2021 results with an 11% increase in revenue to $462 million. The company's performance was driven by growth in renewals and direct-to-consumer channels, though impacted by a tight real estate market. Frontdoor is increasing its focus on home buyers and investing in the direct-to-consumer channel.
Revenue increased 11 percent to $462 million.
Gross profit margin of 52 percent.
Net income of $40 million; includes debt extinguishment costs of $30 million.
Adjusted EBITDA of $114 million; reflects lower than anticipated service request volume and cost management initiatives.
Revenue by Segment
Forward Guidance
Frontdoor updated its full-year 2021 outlook, projecting revenue between $1.60 billion and $1.62 billion and a gross profit margin between 48 and 49 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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