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Vivint Says RMR Model Proved to be Resilient in Q3

Vivint Says RMR Model Proved to be Resilient in Q3 (image)

Vivint Says RMR Model Proved to be Resilient in Q3 | #Verdafero #RMR #Monitoring #Integrators | Vivint reports higher installation revenue, lower attrition rates, and increased subscribers and revenues during Q3 despite the COVID-19 pandemic.

From a revenue standpoint for the quarter ending on Sept. 30, 2020, Vivint had revenues of $319 million, an increase of $28.2 million or 9.7%, as compared to the same period in 2019. EBITDA for the quarter was $154.5 million, up from $152.7 million last quarter.

The only chink in the armor is a drop in its average monthly service revenue per customer, according to its latest quarterly report to investors.

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