Stock Track | ADT Inc. Soars on Strong Q3 Earnings, Driven by Robust Recurring Revenue Growth

Stock Track10-25 14:44

ADT Inc. (NYSE: ADT), a leading provider of security and smart home solutions, reported impressive third-quarter 2024 results, with the stock soaring nearly 19% in intraday trading on the back of strong financial performance and an improved full-year outlook.

The company's total revenue for the quarter rose 5% year-over-year to $1.24 billion, beating analysts' expectations of $1.22 billion. This growth was primarily driven by a 2% increase in recurring monthly revenue (RMR) from monitoring and related services to $359 million, reflecting higher average prices and solid customer retention. RMR, a key metric for ADT, reached a record-high balance of $4.3 billion on an annualized basis.

ADT's net income from continuing operations for the quarter was $132 million, or $0.14 per diluted share, up from $123 million in the same period a year ago. Adjusted income from continuing operations, which excludes certain non-recurring items, rose 27% to $183 million, or $0.20 per diluted share, surpassing analysts' consensus estimate of $0.17.

The company's adjusted EBITDA from continuing operations increased 6% to $659 million, driven by the growth in monitoring and related services revenue, as well as cost efficiencies. ADT's adjusted EBITDA margin remained robust at 53%, reflecting its strong operating profitability.

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Soars on Strong Q3 Earnings, Driven by Robust Recurring Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-25 14:44 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ADT Inc. (NYSE: ADT), a leading provider of security and smart home solutions, reported impressive third-quarter 2024 results, with the stock soaring nearly 19% in intraday trading on the back of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ADT","symbol_name":"Adt Inc.","start_time":0,"source_url":"","article_id":"1170568639","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1170568639","pubTimestamp":1729838682,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ADT Inc. , a leading provider of security and smart home solutions, reported impressive third-quarter 2024 results, with the stock soaring nearly 19% in intraday trading on the back of strong financial performance and an improved full-year outlook.The company's total revenue for the quarter rose 5% year-over-year to $1.24 billion, beating analysts' expectations of $1.22 billion. 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