Welcome to our dedicated page for Frontdoor news (Ticker: FTDR), a resource for investors and traders seeking the latest updates and insights on Frontdoor stock.
Frontdoor, Inc. (symbol: FTDR) is a forward-thinking company dedicated to simplifying home ownership. With over 50 years of unparalleled expertise as the nation's largest provider of home service plans, Frontdoor is transforming the home services industry. The company’s mission is to take the hassle out of home repairs and maintenance, offering peace of mind to homeowners across the United States.
Frontdoor owns several well-known home service brands, including American Home Shield, HSA, OneGuard, and Landmark. These brands provide comprehensive home service plans that help customers protect their homes from unexpected and costly breakdowns of essential systems and appliances. In the past year alone, Frontdoor responded to more than four million service requests, showcasing their reliability and commitment to customer satisfaction.
The company prides itself on a dynamic culture and innovative approach. With a leadership team experienced in disrupting industries and enhancing customer experiences, Frontdoor is continuously looking for new ways to improve their services. They leverage leading digital platforms to ensure a seamless and world-class customer experience.
Frontdoor's recent achievements include expanding its digital capabilities and strengthening its service network. Their innovative solutions and dedication to excellence have positioned them as a trusted partner for homeowners nationwide.
- Core Business: Providing home service plans to maintain and protect home systems and appliances.
- Recent Achievements: Digital platform enhancements and service network expansion.
- Partnerships: Collaboration with top service providers to ensure quality repairs and maintenance.
- Financial Condition: Robust financial performance driven by a growing customer base and operational efficiencies.
Frontdoor, Inc. (NASDAQ: FTDR) reported a 3% revenue increase to $378 million in the first quarter of 2024. The company also saw significant growth in gross profit margin, net income, and Adjusted EBITDA. Frontdoor is optimistic about the relaunch of the American Home Shield brand, aiming to boost demand. The financial performance exceeded expectations, leading to raised outlooks for gross profit margin and Adjusted EBITDA for the full year 2024.
Frontdoor, Inc. (NASDAQ: FTDR) announced that its Frontdoor app has surpassed two million downloads since its launch a year ago. The app allows homeowners to connect with experts for home repair and maintenance needs, offering features like video chat, local vetted pros, exclusive pricing on HVAC systems, and how-to tips. Users can opt for a free version or pay $25 a year for Frontdoor Unlimited, which includes unlimited video chat sessions and discounts on various home services. A -time offer allows consumers to gift a Frontdoor Unlimited membership for $25 and get a second membership for just $1. The app is available on iOS and Android.
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