Frontdoor sees Q1 revenue $370M-$380M , consensus $382.98M

Sees Q1 Revenue of $370 million to $380 million, reflecting upper-single-digit growth in the renewals channel, partially offset by a 20% to 25% decline in the first-year real estate channel and an approximately 20% decline in the first-year direct-to-consumer channel. Additionally, other revenue is projected to increase by approximately $5 million. Adjusted EBITDA of $40 million to $50 million, a decline from the prior-year period as a result of increased marketing investments to drive first-year direct-to-consumer customer count