---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-049249"
form_type: "8-K"
ticker: "FTDR"
cik: "0001727263"
company_name: "Frontdoor, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:07:42.067646+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Frontdoor FY23 revenue $1.78B, Adj EBITDA record $346M; FY24 outlook calls for $1.81B-$1.84B revenue

## Summary
- FY2023 revenue $1.78B (+7% YoY); gross margin 50% (+700 bps); net income record $171M (+141%).
- Adjusted EBITDA $346M (record, +62% YoY); free cash flow $170M; repurchased $120M in shares (3.6M shares).
- FY2024 guidance: revenue $1.81B-$1.84B; gross margin 48.5%-49.5%; Adj EBITDA $350M-$360M; share repurchases target ~$100M.
- Q4 2023: revenue $366M (+8% YoY); Adj EBITDA $45M (+35% YoY); net income $9M (diluted EPS $0.11).
- CEO Bill Cobb cites 'exceptional turnaround' with margins at highest in nearly 10 years; expects modest revenue growth in 2024.

## SEC filing metadata
- accession: 0001193125-24-049249
- form_type: 8-K
- ticker: FTDR
- cik: 0001727263
- company_name: Frontdoor, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/0001193125-24-049249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/d724198d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-049249
- JSON: https://secwatch.observer/filing/0001193125-24-049249.json
- Plain text: https://secwatch.observer/filing/0001193125-24-049249.txt

## Key facts
- Earnings Releases
  Frontdoor, Inc. reported its fiscal quarter and year ended December 31, 2023 results: revenue $ 1,780 $ 1,662 7 %, net income 171 71 141 %, EPS 2.12 0.87 144 %. Guidance initiated.
  - Period: its fiscal quarter and year ended December 31, 2023
  - Revenue: $ 1,780 $ 1,662 7 %
  - Net income: 171 71 141 %
  - EPS: 2.12 0.87 144 %
  - Guidance: initiated
  - Result: reported results
  source text: as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion; Gross Profit Margin Rebounded 700 bps to 50% in 2023; Record Net Income of $171 Million and Adjusted EBITDA (1) of $346 Million; $120 Million Utilized to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1727263/000119312524049249/0001193125-24-049249-index.htm

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