---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-276426"
form_type: "8-K"
ticker: "FTDR"
cik: "0001727263"
company_name: "Frontdoor, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:31:40.071607+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Frontdoor Q3 revenue $484M (+3% YoY); adj EBITDA $79M (-35%); workforce cut 7%; raises FY22 EBITDA guidance to $185-195M

## Summary
- Net income $28M (down 63%), GAAP EPS $0.34, adjusted EPS $0.56; includes $14M Streem impairment and $5M restructuring.
- Revenue rose 3% to $484M: Renewals +8% to $356M, Real Estate -30% to $51M, DTC +8% to $64M.
- Gross margin 43% vs prior 54%; higher contractor costs and parts inflation drove $58M increase in contract claims costs.
- Full-year 2022 guidance raised: revenue $1.65-1.66B, adj EBITDA $185-195M; Q4 adj EBITDA guided $4-14M.
- Company reduced workforce 7% in September; expects $45M SG&A reduction from original 2022 outlook.

## SEC filing metadata
- accession: 0001193125-22-276426
- form_type: 8-K
- ticker: FTDR
- cik: 0001727263
- company_name: Frontdoor, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/0001193125-22-276426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/d410150d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-276426
- JSON: https://secwatch.observer/filing/0001193125-22-276426.json
- Plain text: https://secwatch.observer/filing/0001193125-22-276426.txt

## Key facts
- Earnings Releases
  Frontdoor, Inc. reported Three Months Ended September 30, 2022 results: revenue $484 million, net income $28 million, EPS $0.34.
  - Period: Three Months Ended September 30, 2022
  - Revenue: $484 million
  - Net income: $28 million
  - EPS: $0.34
  - Result: reported results
  source text: be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces Third-Quarter 2022 Revenue Increased 3% to $484 Million; Broadened Cost Reduction Initiatives and Reduced Annual SG&A Spend; Improving Execution and Advancing Business Transformation Initiatives; Raising Full-Year 2022 Revenue and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1727263/000119312522276426/0001193125-22-276426-index.htm

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