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ADT 3Q gains driven by strong retention, divestiture of commercial business

ADT Q3 gains driven by strong retention, divestiture of commercial business

November 7, 2023SSN Staff

BOCA RATON, Fla. – ADT is reporting a significant improvement to its balance sheet in its third fiscal quarter, thanks to the divestiture of its former commercial division, as well as strong retention numbers and revenue from Consumers and Small Business (CSB). A list of financial highlights from the quarter include total revenue of $1.2 billion with end-of-period recurring monthly revenue (RMR) up 3% to $350 million, high customer retention with gross revenue attrition maintaining 12.9%,...

ADT, Consumers and Small Business (CSB), Jim DeVries, recurring monthly revenue (RMR), solar, Third Quarter (Q3)