earnings
confidence high
sentiment negative
materiality 0.80
Frontdoor Q2 revenue up 5% to $487M but adj. EBITDA down 32%; cuts full-year outlook on inflation
Frontdoor, Inc.
2022-Q2 EPS reported
$0.42
revenue$838,000,000
- Q2 adjusted diluted EPS $0.53 vs $0.76 YoY; net income $33M vs $40M.
- Gross margin fell to 43% from 52% as cost per service request rose ~23% YoY.
- Real estate channel revenue declined 26% YoY due to low home inventory.
- FY2022 adj. EBITDA guidance cut to $170-190M from prior; revenue range $1.63-1.65B.
- Completed $19M in share repurchases during Q2; $59M in H1.