Frontdoor backs FY24 revenue view $1.81B-$1.84B, consensus $1.83B

Raises FY24 adjusted EBITDA view to $360M-$370M. “I am extremely pleased with our first-quarter financial performance,” said Chief Financial Officer Jessica Ross. “We substantially beat our first-quarter Adjusted EBITDA outlook as we continue to deliver and execute on our margin expansion initiatives. As a result, we are increasing our full-year 2024 gross profit margin and Adjusted EBITDA targets while continuing to make investments to drive growth.”