Frontdoor(US:FTDR)2022-08-06 18:06Financial Performance - Q2 2022 - Revenue reached $487 million[11], while net income was $33 million[11] - Adjusted EBITDA stood at $77 million[11], a decrease from $114 million in Q2 2021[12] - Free Cash Flow was $75 million for the first six months of 2022[17] - Available liquidity amounted to $357 million, including $109 million of Unrestricted Cash and a $248 million undrawn revolving credit facility[15] Financial Performance - H1 2022 - Revenue increased to $838 million, a 6% year-over-year growth compared to $791 million in the first half of 2021[25] - Adjusted EBITDA was $102 million, down from $150 million in the same period of the previous year[26] Outlook - Q3 2022 revenue is projected to be between $470 million and $480 million, with an adjusted EBITDA between $65 million and $75 million[18] - Full-year 2022 revenue is expected to be between $163 billion and $165 billion, with an adjusted EBITDA between $170 million and $190 million[18] - Capital expenditures for the full year are estimated to be between $35 million and $45 million[18] Challenges and Opportunities - The company faces short-term challenges due to a historically challenging macroeconomic environment, including rapid increases in contractor-related costs and record low home inventory impacting the real estate channel[8] - Long-term opportunities exist in the growing demand for home services and the early stages of digital transformation in the industry[8]