Earnings release
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ADT ADT REPORTS SECOND QUARTER 2021 RESULTS Continuing progress against 2021 objectives Residential subscriber growth remains strong Commercial rebound underway Proactively improving capital structure BOCA RATON , Fla . - August 4 , 2021 - ADT Inc. ( NYSE : ADT ) , the most trusted brand in smart home and small business security , today reported results for the second quarter of 2021 . ● SECOND QUARTER 2021 OPERATIONAL HIGHLIGHTS Gross recurring monthly revenue ( RMR ) additions grew 28 % • End of period RMR of $ 352 million increased by 4 % Solid customer retention with attrition at 13.3 % • Commercial recovery continues with improved year - over - year results Proactively improving capital structure to improve liquidity and address near - term debt maturities " We continue to make substantial progress against our key priorities for 2021 , including growing our RMR additions and our recurring monthly revenue base , improving the performance of our Commercial business , and driving innovation both through our internal expertise and through our strategic partnerships . I want to thank our entire ADT team for serving our customers and delivering solid results for our shareholders , " stated Jim De Vries , ADT's President and CEO . " From mobile to residential to commercial , the breadth and scope of service ADT provides is unmatched in the marketplace . We are well positioned to lead the way in the fast - growing markets for smart home and commercial protection , leveraging our trusted brand to drive profitable growth through premium services , innovative technology , and best - in - class partnerships . " 1