Earnings release
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ADT ADT REPORTS THIRD QUARTER 2021 RESULTS Announces pending acquisition of Sunpro Solar , entering into the rapidly growing residential solar market Continued momentum in the business with total revenue , subscribers , and end of period RMR all increasing year over year Commercial rebound continues with double - digit revenue growth BOCA RATON , Fla . - November 9 , 2021 - ADT Inc. ( NYSE : ADT ) , the most trusted brand in smart home and small business security , today reported results for the third quarter of 2021 . ● THIRD QUARTER 2021 OPERATIONAL HIGHLIGHTS VERSUS PRIOR YEAR Monitoring and related services revenue increased 5 % Gross recurring monthly revenue ( RMR ) additions grew 7 % in the third quarter , 19 % year - to - date • End of period RMR of $ 356 million increased by 4 % , the 5th quarter of sequential improvement Solid customer retention with attrition at 13.4 % • Commercial performance improves with revenue growing 18 % " Our third quarter results show that we are successfully delivering solid results for our shareholders while positioning the Company for long - term growth . Our people are at the heart of ADT's brand and I want to thank our entire team for their great work and steadfast focus on our customers , " stated Jim DeVries , ADT's President and CEO . " Our pending acquisition of Sunpro Solar represents an exciting new chapter for ADT , giving us a top - tier position in the fast - growing residential solar business . With our broad spectrum of integrated security , smart home , and energy management solutions - customers will now be protected , connected , and powered by ADT . " 1