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Sep 30, 2021
ADT Q3 2021 Earnings Report
Reported solid results with revenue, subscribers, and end of period RMR all increasing year over year, and announced pending acquisition of Sunpro Solar.
Key Takeaways
ADT Inc. reported a 1% year-over-year increase in total revenue, reaching $1,317 million, driven by a 5% increase in monitoring and related services revenue. Net loss improved to $109 million from $113 million in the prior year. The company announced a definitive agreement to acquire Sunpro Solar for approximately $825 million.
Monitoring and related services revenue increased 5%.
Gross recurring monthly revenue (RMR) additions grew 7%.
End of period RMR of $356 million increased by 4%.
Commercial performance improves with revenue growing 18%.
ADT
ADT
ADT Revenue by Segment
Revenue by Segment
Monitoring & Services Revenue
CapyFin.comSecurity Install & Products Revenue
CapyFin.com Forward Guidance
The Company remains on track to meet its 2021 guidance and is narrowing the ranges provided earlier in the year.