Vivint Smart Home, Inc. (VVNT) Reports Q2 Revenues In-Line; Raises FY20 Revenue & Subscriber Outlook

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Go back to Vivint Smart Home, Inc. (VVNT) Reports Q2 Revenues In-Line; Raises FY20 Revenue & Subscriber Outlook

Vivint Smart Home, Inc. Reports Second Quarter 2020 Results; Raises Outlook for Full Year 2020

August 6, 2020 4:10 PM EDT

Key Highlights

Total revenues increased 8.9% year over year to $306.0 million Net loss improved by $28.9 million year over year (loss of $87.0 million compared to $115.9 million in the prior year period) Adjusted EBITDAa increased by $64.4 million year over year ($152.7 million compared to $88.3 million in the prior year period) Attrition rate improved by 40 basis points sequentially to 13.7%

PROVO, Utah--(BUSINESS WIRE)-- Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today reported financial and operational results for the second quarter ended June 30,... More