NASDAQ$FTDR
Frontdoor Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Frontdoor's Q1 2022 earnings were announced, with revenue increasing by 7% year-over-year.
Frontdoor reported a 7% increase in revenue to $351 million for Q1 2022. The growth was driven by double-digit revenue increases in the renewal and direct-to-consumer channels, which was partially offset by a decline in real estate channel revenue. Net income was $2 million, and adjusted EBITDA was $25 million.
- Revenue increased 7% to $351 million.
- Double-digit revenue growth was achieved in the renewal and direct-to-consumer channels.
- Net income was reported at $2 million.
- Adjusted EBITDA was reported at $25 million.
Headline financials
Revenue & EPS history
Frontdoor · Revenue · Quarterly
$351M
Revenue by segment
Frontdoor · $260M total across 2 segments · Q1 2022
- Renewals$247M+10.3%95.0%
- Non-warranty and other$13M+62.5%5.0%
Forward guidance
Frontdoor updated its full-year 2022 outlook, with revenue expected to be in the range of $1.66 billion to $1.69 billion and adjusted EBITDA in the range of $215 million to $245 million.
Tailwinds
- Revenue of $475 million to $485 million for Q2 2022
- Double-digit revenue growth in the direct-to-consumer channel
- Upper single-digit revenue growth in the renewal channel
- ProConnect revenue outlook of approximately $40 million
- Gross profit margin range updated to 44 percent to 45 percent
Headwinds
- Decline in real estate channel revenue
- Gross profit margin range updated to 44 percent to 45 percent, driven primarily by expectations that the acceleration of inflationary cost pressures will continue throughout the remainder of the year
- SG&A range updated to $540 million to $565 million
- Adjusted EBITDA of $75 million to $90 million for Q2 2022
- The consolidated revenue growth for the home service plan business is anticipated to be in the low-single digits
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.5%
Avg return
Earnings day
+1.6%
Avg return
5 days after
-0.1%
Avg return
30 days after
59%
20 / 34 earnings
Positive
+25.0%
Q1 2025
Best reaction
-34.2%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +13.3% | +8.8% | +2.3% | |
| Q4 2025 | +16.9% | +22.8% | -4.7% | |
| Q3 2025 | -15.8% | -24.1% | -19.3% | |
| Q2 2025 | -4.0% | -6.2% | +8.2% | |
| Q1 2025 | +25.0% | +30.0% | +33.8% | |
| Q4 2024 | -19.2% | -26.4% | -33.5% | |
| Q3 2024 | +10.7% | +17.9% | +19.9% | |
| Q1 2024 | +12.6% | +16.8% | +15.0% | |
| Q4 2023 | -5.1% | -6.8% | -1.4% | |
| Q3 2023 | +13.4% | +21.2% | +19.5% | |
| Q2 2023 | +5.6% | +4.6% | -4.8% | |
| Q1 2023 | +11.7% | +15.1% | +19.5% | |
| Q4 2022 | +4.3% | +1.6% | -1.3% | |
| Q3 2022 | +12.9% | +12.2% | +12.8% | |
| Q2 2022 | -0.9% | -5.4% | -12.5% | |
| Q1 2022 | -12.9% | -14.3% | -21.4% | |
| Q4 2021 | -6.6% | -8.1% | -11.9% | |
| Q3 2021 | -11.8% | -6.7% | -16.5% | |
| Q2 2021 | -13.8% | -14.7% | -14.2% | |
| Q1 2021 | +2.0% | +1.6% | +1.0% | |
| Q4 2020 | -1.3% | -3.9% | -0.2% | |
| Q3 2020 | +4.0% | +9.0% | +9.1% | |
| Q2 2020 | +7.0% | +3.8% | +0.1% | |
| Q1 2020 | +5.5% | +6.2% | +12.5% | |
| Q4 2019 | -2.1% | +0.9% | -20.1% | |
| Q3 2019 | -5.3% | -4.7% | -3.9% | |
| Q2 2019 | +16.5% | +14.9% | +17.5% | |
| Q1 2018 | +0.2% | -0.7% | +4.0% | |
| Q1 2019 | +11.9% | +12.0% | +17.6% | |
| Q4 2016 | +12.7% | +13.0% | +8.9% | |
| Q2 2018 | +12.7% | +13.0% | +8.9% | |
| Q4 2018 | +13.6% | +25.2% | +22.2% | |
| Q4 2017 | -34.2% | -36.6% | -35.4% | |
| Q3 2018 | -29.0% | -36.4% | -36.0% |
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