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Sep 30, 2022
ADT Q3 2022 Earnings Report
Continued sequential and year-over-year improvement in revenue, customer satisfaction, and capital efficiency was demonstrated.
Key Takeaways
ADT reported strong Q3 2022 results with a 22% increase in total revenue, record high customer retention, and record revenue payback. The company reaffirmed its 2022 guidance metrics and announced a partnership with State Farm.
Total revenue of $1.6 billion, up 22% versus prior year.
Record high customer retention with gross customer revenue attrition at 12.6%.
Record revenue payback of 2.1 years.
Adjusted EBITDA of $620 million, up $66 million or 12%.
Revenue by Segment
Forward Guidance
The Company is reaffirming its previously provided financial guidance for the full year 2022. Based on performance through the end of the third quarter, the Company expects to deliver Total Revenue and Adjusted EBITDA toward the upper end of their respective ranges and Adjusted Free Cash Flow toward the lower end of its respective range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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