Frontdoor Surpasses One Million Downloads

Rhea-AI Summary

Frontdoor, Inc. (NASDAQ: FTDR) announced the Frontdoor app has been downloaded over one million times since its launch. The app offers a comprehensive home service plan, Frontdoor Premium, for just $29 per month, including real-time video chat, exclusive discounts, and coverage for repairs, maintenance, and appliances.

Positive

• The Frontdoor app has gained significant consumer awareness and popularity with over one million downloads since its launch on April 11, indicating a strong market demand for home service plans. The Frontdoor Premium plan offers a comprehensive range of benefits, including real-time video chat with experts, exclusive discounts on HVAC system replacements, and coverage for a wide range of home repairs and maintenance services.

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• None.

App’s ultimate experience – Frontdoor Premium for just $29 per month – designed to bring ease of home repair and maintenance to many more

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home service plans, announced today that the Frontdoor app has been downloaded over one million times since it was launched April 11.

“Consumer awareness of the app has been through the roof,” said Bill Cobb, Frontdoor’s Chairman & CEO. “And with a great offer on our most comprehensive plan, Frontdoor Premium, we expect this trend to continue.”

Frontdoor Premium is the service plan for the homeowner who wants it all.

“Coverage for repairs, real-time video chat for advice from an Expert, and repair or maintenance services performed by Pros who have been vetted by Frontdoor,” Cobb said. “You’ll also get access to steep discounts on a new HVAC system. Many parts of the country continue to see extreme temperatures and this membership perk alone can save you thousands of dollars.”

With Frontdoor Premium, members get these benefits*:

• Video chat sessions with our Experts
• Exclusive discounts (up to 50% off retail pricing) for heating and A/C system replacements with financing options available**
• Discounts and special pricing for home products and services that can be booked at any time**
• Coverage for appliances, electrical, and plumbing to make dealing with breakdowns easy
• The option to add coverage for HVAC, roof leak repairs, and pool & built in spa equipment
• A flat service fee ($100) for covered appliance, electrical, and plumbing repairs
• We’ll get the repair done or pay you $500 ($1,000 for optional HVAC) so you know what to expect
• Maintenance service options like carpet cleaning, HVAC tune-ups, and more for a flat service fee of $100
• Ability to place and track service requests directly in the app. It's the easiest way to done.
• A vetted Pro from our network for your service requests without haggling, homework or hassles.
• Annual membership***
• Available in select markets only

“You get all of this for just $29 per month for a 12-month agreement,” Cobb said. “This offer is for a limited time only, so homeowners should act now.”

The Frontdoor app is available for download on iPhone and Android. For more information, visit www.frontdoor.com.

* See membership agreement at frontdoor.com/agreements for coverage details, including limit amounts, fees, limitations and exclusions. Sales taxes may apply. The repair for your covered item must be within the $500 limit. If it exceeds $500 or we do not make the repair, we will pay you $500. There is a payout max of $2,000 per 12 month rolling period (additional payout max of $2,000 for optional HVAC coverage). Membership will renew on monthly basis after initial 12-month term.

**Not available in all areas. See frontdoor.com/locations for details. Availability of some services is seasonal.

***Membership will renew on monthly basis after initial 12-month term.

About Frontdoor

Frontdoor is reimagining how homeowners maintain and repair their most valuable asset - their home. As the parent company of two leading brands, we bring over 50 years of experience in providing our members with comprehensive options to protect their homes from costly and unexpected breakdowns through our extensive network of pre-qualified professional contractors. American Home Shield, the category leader in home service plans with approximately two million members, gives homeowners budget protection and convenience, covering up to 23 essential home systems and appliances. Frontdoor is a cutting edge, one-stop-app for home repair and maintenance. Enabled by our Streem technology, the app empowers homeowners by connecting them in real time through video chat with pre-qualified experts to diagnose and solve their problems. The Frontdoor app also offers homeowners a range of other benefits including DIY tips, discounts and more. For more information about American Home Shield and Frontdoor, please visit www.frontdoorhome.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions, and other important factors. Readers are cautioned not to put undue reliance on such forward-looking statements, because actual results may vary materially from those expressed or implied. The reports filed by Frontdoor pursuant to United States securities laws contain discussions of these risks and uncertainties. Frontdoor assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are advised to review Frontdoor's filings with the United States Securities and Exchange Commission (which are available on the SEC's EDGAR database at www.sec.gov and via Frontdoor’s website at investors.frontdoorhome.com).

FTDR-Company

View source version on businesswire.com: https://www.businesswire.com/news/home/20230814606027/en/

Tom Collins

mediacenter@frontdoor.com

Source: Frontdoor, Inc.

FAQ

What is the name of the company mentioned in the press release?

Frontdoor, Inc. (NASDAQ: FTDR)

What is the cost of the Frontdoor Premium plan?

The Frontdoor Premium plan is available for just $29 per month for a 12-month agreement.

What are the benefits of the Frontdoor Premium plan?

The plan includes real-time video chat with experts, exclusive discounts on HVAC system replacements, coverage for repairs, maintenance, and appliances, and access to a vetted network of professionals for service requests.

Where can the Frontdoor app be downloaded?

The Frontdoor app is available for download on iPhone and Android devices.

What are the details of the membership agreement for the Frontdoor Premium plan?

Details can be found at frontdoor.com/agreements, including coverage limits, fees, limitations, and exclusions. Sales taxes may apply. Membership will renew on a monthly basis after the initial 12-month term.