ADT Corp. (ADT) Misses Q1 EPS by 12c

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Go back to ADT Corp. (ADT) Misses Q1 EPS by 12c

ADT Reports First Quarter 2022 Results

May 5, 2022 6:55 AM EDT

Record-high customer retention and highest-ever recurring monthly revenue balance 18% revenue growth versus prior year with continued growth in subscribersAffirming 2022 guidance metrics provided at Investor Day

FIRST QUARTER 2022 (variances on a year-over-year basis)

Total revenue of $1.5 billion, up 18%End of period recurring monthly revenue (RMR) of $365 million, up 5%Total subscribers of 6.7 million, with sequential and year-over-year growthRecord-high customer retention with gross customer revenue attrition at 12.9%Revenue payback of 2.3... More