ADT reported strong third-quarter results with notable revenue growth and improved earnings per share, reflecting the company’s resilient business model and effective execution of its strategic initiatives.
- Total revenue increased by 4% year-over-year to $1.3 billion, while adjusted EBITDA grew by 3% to $676 million.
- Adjusted earnings per diluted share rose 15% to $0.23, and adjusted free cash flow reached $709 million year-to-date.
- Recurring monthly revenue increased 1% year-over-year to $362 million, despite a slight uptick in attrition to 13%.
- Continued investments in the ADT+ platform are enhancing customer experience and driving adoption, with 25% of new customers utilizing the platform.
- The company returned $746 million to shareholders through share repurchases and dividends, showcasing strong capital return strategies.
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