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Dec 31, 2024
ADT Q4 2024 Earnings Report
ADT reported strong revenue growth and improved customer retention in Q4 2024.
Key Takeaways
ADT delivered solid Q4 2024 results, with total revenue increasing by 8% year-over-year to $1.26 billion. Net income from continuing operations reached $197 million, while adjusted EPS was $0.20. The company achieved record-high recurring monthly revenue and maintained strong customer retention. ADT also improved free cash flow, reflecting its strategic focus on operational efficiency and profitability.
Total revenue grew by 8% year-over-year to $1.26 billion.
GAAP net income from continuing operations reached $197 million.
Adjusted EPS was $0.20, reflecting a 5% increase year-over-year.
Strong free cash flow generation, up 91% year-over-year to $224 million.
ADT
ADT
ADT Revenue by Segment
Revenue by Segment
Monitoring & Services Revenue
CapyFin.comSecurity Install & Products Revenue
CapyFin.com Forward Guidance
ADT expects continued revenue growth and improved profitability in 2025, supported by strong cash flow generation and strategic investments.
Positive Outlook
- Total revenue expected to range between $5.025 billion and $5.225 billion.
- Adjusted EBITDA projected to grow to between $2.65 billion and $2.75 billion.
- Adjusted EPS forecasted between $0.77 and $0.85.
- Strong recurring monthly revenue growth and customer retention.
- New $500 million share repurchase program announced.
Challenges Ahead
- Macroeconomic uncertainties may impact customer spending.
- Higher operational costs due to ongoing investments in ADT+ platform.
- Potential increases in credit losses affecting financial performance.
- Competitive pressures in the smart home security industry.
- Regulatory changes could introduce new compliance costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income