Frontdoor Q4 2019 Earnings Report
Key Takeaways
Frontdoor reported a 7% increase in revenue to $300 million and an 11% increase in net income to $19 million for the fourth quarter of 2019. The company successfully launched its Candu offering and completed the acquisition of Streem.
Revenue increased seven percent to $300 million.
Gross profit margin increased 170 basis points to 46 percent.
Net income increased 11 percent to $19 million.
Adjusted EBITDA increased three percent to $48 million.
Frontdoor
Frontdoor
Frontdoor Revenue by Segment
Forward Guidance
Frontdoor anticipates revenue to range from $1.47 billion to $1.49 billion and Adjusted EBITDA to range from $300 million to $320 million for the full year 2020. Additionally, first-quarter 2020 Adjusted EBITDA is anticipated to range from $40 million to $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income