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Mar 31, 2021
ADT Q1 2021 Earnings Report
ADT reported first quarter 2021 results, showing strong performance with residential subscriber growth and commercial rebound.
Key Takeaways
ADT Inc. reported a 5% decrease in total revenue year over year to $1,305 million, driven primarily by a decrease in installation and other revenue. However, monitoring and related services revenue increased by 2%. The company reported a net loss of $48 million, an improvement from the prior year's net loss of $300 million.
New recurring monthly revenue (RMR) additions up 25% versus prior year
Commercial recovery continues; improved year-over-year results
Quarterly net subscriber growth of 76 thousand
Attrition remained at 13.1% and improved 40 bps from Q1 2020
Revenue by Segment
Forward Guidance
The Company is reaffirming its full-year 2021 guidance given in February 2021. With strong demand for our products and services, ADT is increasing spending on subscriber acquisition costs and other technology investments, which the company believes will drive full year RMR growth in the mid-teens.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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