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Dec 31, 2022
ADT Q4 2022 Earnings Report
ADT reported strong Q4 2022 results with revenue growth and record customer retention.
Key Takeaways
ADT Inc. reported a 19% increase in total revenue to $1.6 billion for Q4 2022. The company achieved record high customer retention and an end-of-period recurring monthly revenue (RMR) of $374 million, up 4%. GAAP net income was $151 million, or $0.16 per diluted share.
Total revenue increased by 19% to $1.6 billion.
End-of-period recurring monthly revenue (RMR) reached $374 million, a 4% increase.
Gross customer revenue attrition hit a record low of 12.5%.
GAAP net income was $151 million, or $0.16 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 providing the following financial guidance for 2023, with all metrics representing an improvement over 2022 performance:
Positive Outlook
- Total Revenue $6,600 - $6,850 million
- Adjusted EBITDA $2,525 - $2,625 million
- Adjusted EPS $0.30 - $0.40
- Adjusted Free Cash Flow (including interest rate swaps) $600 - $700 million
- Adjusted Free Cash Flow $525 - $625 million