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Jun 30, 2021
ADT Q2 2021 Earnings Report
ADT reported results for the second quarter of 2021, with progress against 2021 objectives.
Key Takeaways
ADT reported a 2% year-over-year decrease in total revenue to $1,304 million, driven by a decline in installation revenue. However, monitoring and related services revenue increased by 4%. The company reported a net loss of $126 million, compared to a net loss of $107 million in the prior year.
Gross recurring monthly revenue (RMR) additions grew 28%.
End of period RMR of $352 million increased by 4%.
Customer retention remained solid with attrition at 13.3%.
Commercial recovery continued with improved year-over-year results.
ADT
ADT
ADT Revenue by Segment
Revenue by Segment
Monitoring & Services Revenue
CapyFin.comSecurity Install & Products Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the provided text.