Connect with us

CWEB Business News

Vivint Smart Home Reports Q2 Beat, Provides Guidance

Vivint Smart Home, Inc. (NYSE:VVNT) reported its Q2 results, with revenue coming in at $407.3 million, better than the Street estimate of $391 million.
According to the analysts at RBC Capital, the quarterly results were driven by underlying business momentum, namely total subscriber growth of 4.7% and MRR growth of 12.4%.
The company reaffirmed its 2022 revenue guidance of $1.60-1.63 billion and reaffirmed adjusted EBITDA guidance of $725-74 million but lowered total subscriber guidance to 1.86-1.92 million (from 1.95-2.00 million) and lowered 2022 free cash flow guidance to $35-60 million (from $67-77 million) due to the sale of the Canadian operations, the challenging economic environment, rising interest rates, and continuing global supply chain constraints.

Follow us on Google news for more updates and News

Full Disclaimer

More in CWEB Business News



Get the most important news and analyses for Free.

Thank you for subscribing.

Something went wrong.