Vivint CEO Cites ‘Healthy’ Q3 Smart Home, Security Services Demand

Vivint’s Q3 revenue grew nearly 10%, “reflecting healthy consumer demand for smart home and security services,” said CEO Todd Pedersen on a Wednesday call. It added nearly 127,000 subscribers, up 14% from a year earlier, he said. “In today's environment of uncertainty, homeowners are spending more time thinking about and investing in their homes,” he said. “Consumers continue to expect increasingly complex smart home solutions that include integrated door locks, exterior cameras, interior cameras, lighting controls and thermostats that are professionally installed, monitored and serviced.” The stock closed 8.3% higher Thursday at $18.79.