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Jun 30, 2022
ADT Q2 2022 Earnings Report
ADT reported second quarter 2022 results with revenue growth, record high customer retention, and recurring monthly revenue balance.
Key Takeaways
ADT Inc. reported a 23% increase in total revenue to $1.6 billion and record high customer retention with gross customer revenue attrition at 12.7%. The company's GAAP net income was $92 million, or $0.10 per diluted share, and adjusted EBITDA was $597 million, up 10%.
Total revenue increased by 23% to $1.6 billion.
Gross customer revenue attrition reached a record low of 12.7%.
Recurring monthly revenue (RMR) balance was $369 million, up 5%.
GAAP net income was $92 million, or $0.10 per diluted share.
ADT
ADT
ADT Revenue by Segment
Revenue by Segment
Monitoring & Services Revenue
CapyFin.comSecurity Install & Products Revenue
CapyFin.com Forward Guidance
The Company is affirming its previously provided financial guidance for the full year 2022. Each metric shown below represents an improvement over the same measure in 2021.
Positive Outlook
- Total Revenue: $6,200 - $6,400 million
- Adjusted EBITDA: $2,335 - $2,435 million
- Adjusted Free Cash Flow: $550 - $625 million