Record High Recurring Monthly Revenue
ADT achieved record high recurring monthly revenue balance and record customer retention in 2024.
Significant Cash Flow Growth
Adjusted free cash flow increased by 42% to $744 million, with a fourth-quarter contribution of $224 million.
Launch of ADT Plus Platform
ADT successfully launched its proprietary ADT Plus platform, featuring new hardware and user interface, across the country.
Strong Financial Performance
Total revenue for 2024 was $4.9 billion, up 5%, with adjusted net income from continuing operations increasing by 25%.
Innovations and Awards
Trusted Neighbor feature was named Home Security Innovation of the Year at the Internet of Things Breakthrough Awards.
Enhanced Customer Satisfaction
Overall customer satisfaction improved, with significant improvements in virtual service and customer onboarding processes.
Debt and Leverage Reduction
Reduced net debt to 2.9 times adjusted EBITDA and announced a new $500 million share repurchase authorization.
State Farm Partnership Expansion
Expanded partnership with State Farm to 17 states, covering approximately 45% of State Farm policies.