Frontdoor reports FY2022 revenue up 4% to $1.66B, net income down 45%; guides FY2023 EBITDA $220-240M

Frontdoor, Inc.

2022-FY EPS reported $0.87 revenue$1,662,000,000

Full-year 2022 revenue $1.66B (+4% YoY); net income $71M (-45%); diluted EPS $0.87 (-42%).
Q4 2022 revenue $339M (flat); net income $8M (+24%); adjusted EBITDA $33M (+17%).
Full-year 2023 outlook: revenue $1.70-1.74B, gross margin 43-45%, adjusted EBITDA $220-240M.
Q1 2023 outlook: revenue $355-365M, adjusted EBITDA $27-37M.
New Frontdoor brand to launch in Q2 2023; investor day on March 2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Frontdoor, Inc. updated its its fiscal quarter and year ended December 31, 2022 guidance (reaffirmed).

Period: its fiscal quarter and year ended December 31, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On March 1, 2023, Frontdoor, Inc., issued a press release announcing its financial results for its fiscal quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001193125-23-056305

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