ADT(US:ADT)2025-02-28 00:49Financial Performance - Total revenue for 2024 was $4.9 billion, a 5% increase year-over-year[53] - Adjusted EBITDA for 2024 reached $2.6 billion, up 4% compared to the previous year[53] - Adjusted EPS for 2024 increased by 25% to $0.75[53] - Adjusted Free Cash Flow (including interest rate swaps) for 2024 was $744 million, a 42% increase year-over-year[53] Key Metrics - Annualized recurring monthly revenue (RMR) is approximately $4.3 billion[19] - The company has 6.4 million subscribers[11] - Gross revenue attrition improved by 20 basis points to 12.7%[58] - Revenue payback period improved to 2.2 years, a decrease of 0.3 years[27] Capital Allocation and Debt - Net leverage ratio decreased to 2.9x, down 0.2x from the prior year[53] - Share repurchases of $345 million since January 2024[46] - A new share repurchase plan of $500 million was announced in February 2025[46] 2025 Guidance - The company projects total revenue between $5.025 billion and $5.225 billion for 2025, representing approximately 5% growth[34, 69] - Adjusted EBITDA is expected to be between $2.65 billion and $2.75 billion in 2025, also around 5% growth[34, 69] - Adjusted EPS is projected to be between $0.77 and $0.85 for 2025, an increase of approximately 8%[69] - Adjusted Free Cash Flow (including interest rate swaps) is expected to be between $800 million and $900 million, indicating a 14% increase[34, 69]