•
Mar 31, 2022
ADT Q1 2022 Earnings Report
Reported record high customer retention and highest-ever recurring monthly revenue balance, with 18% revenue growth versus prior year and continued subscriber growth.
Key Takeaways
ADT reported strong improvements in revenue and earnings, growth in subscribers, and record high customer retention. The company is affirming its financial guidance for 2022.
Total revenue of $1.5 billion, up 18%.
End of period recurring monthly revenue (“RMR”) of $365 million, up 5%.
Total subscribers of 6.7 million, with sequential and year over year growth.
GAAP net income of $52 million, up $100 million, or $0.06 per share
ADT
ADT
ADT Revenue by Segment
Forward Guidance
The Company is affirming its financial guidance for 2022.
Positive Outlook
- Total Revenue $6,200 - $6,400 million
- Adjusted EBITDA $2,335 - $2,435 million
- Adjusted Free Cash Flow $550 - $625 million