---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-142303"
form_type: "8-K"
ticker: "FTDR"
cik: "0001727263"
company_name: "Frontdoor, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:51:28.636576+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Frontdoor Q1 revenue +7% to $351M but profit plunges; FY22 EBITDA guidance cut to $215-245M

## Summary
- Revenue $351M (+7% YoY); renewal +10%, DTC +14%, real estate -20% on seller's market.
- Net income $2M (diluted EPS $0.02) vs $5M ($0.06) in Q1 2021; adjusted EPS $0.04 vs $0.10.
- Adjusted EBITDA $25M (-31% YoY); inflationary cost pressures added $24M in contract claims costs, including $9M adverse prior-year development.
- FY2022 guidance lowered: revenue $1.66-1.69B, gross margin 44-45%, Adj. EBITDA $215-245M.
- Repurchased $40M of shares in Q1; available liquidity $340M.

## SEC filing metadata
- accession: 0001193125-22-142303
- form_type: 8-K
- ticker: FTDR
- cik: 0001727263
- company_name: Frontdoor, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727263/000119312522142303/0001193125-22-142303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727263/000119312522142303/d309953d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-142303
- JSON: https://secwatch.observer/filing/0001193125-22-142303.json
- Plain text: https://secwatch.observer/filing/0001193125-22-142303.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.