Frontdoor Q3 2020 Earnings Report
Key Takeaways
Frontdoor reported an 8% increase in revenue, reaching $440 million. The company's net income was $49 million, with diluted earnings per share at $0.57. Customer retention improved to 76%, and home service plan growth accelerated to 4%.
Revenue increased by 8% to $440 million.
Net income reached $49 million.
Customer retention improved to 76%.
Home service plan growth accelerated to 4%.
Frontdoor
Frontdoor
Frontdoor Revenue by Segment
Forward Guidance
Frontdoor provided its outlook for Q4 2020, expecting revenue between $315 million and $325 million and Adjusted EBITDA between $28 million and $32 million. For the full year 2020, revenue is projected to be between $1,460 million and $1,470 million, with an Adjusted EBITDA of approximately $266 million to $270 million.
Challenges Ahead
- Revenue of $315 million to $325 million.
- Adjusted EBITDA of $28 million to $32 million, which reflects a continuation of higher service request demand
- additional investments in customer service.
- Revenue of $1,460 million to $1,470 million.
- Adjusted EBITDA of approximately $266 million to $270 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income