Vivint Smart Home, Inc. (VVNT) Reports Q1 Net Loss of $27.4M

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Go back to Vivint Smart Home, Inc. (VVNT) Reports Q1 Net Loss of $27.4M

Vivint Announces First Quarter 2022 Results

May 3, 2022 4:10 PM EDT

Revenue grew ~15% as company reported record 66,734 new subscribers and 15-quarter-low attrition of 11.2%

PROVO, Utah--(BUSINESS WIRE)-- Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced results for the first quarter ended March 31, 2022.

Our strong track record of execution as a public company continued through the first quarter of 2022, said David Bywater, CEO of Vivint Smart Home. We remain committed to profitable growth as evidenced by our revenue increase of nearly 15%, improvement in net loss of more than 69%, and adjusted EBITDA growth of almost... More