earnings
confidence high
sentiment neutral
materiality 0.85
ADT Q3 revenue up 22% to $1.6B; adjusted EBITDA $620M; declares $0.035 dividend
ADT Inc.
- Total revenue $1.6B (+22% YoY); GAAP net loss $122M ($0.13 loss per diluted share).
- Adjusted net income $83M ($0.10 diluted) vs. $(54M) loss a year ago; Adjusted EBITDA $620M (+12%).
- Record end-of-period RMR $372M (+4% YoY); gross customer revenue attrition 12.6% (improved 80bps).
- Dividend of $0.035/share declared, payable Jan 4, 2023 to holders of record Dec 15, 2022.
- State Farm invested $1.2B for ~15% stake; ADT launched $1.2B tender offer at $9.00/share.