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Vivint Smart Home, Inc. (NYSE: VVNT) will present at the RBC Capital Markets Global Technology, Internet, Media, & Telecommunications Conference on November 18, 2020, at 4:40 p.m. ET. The session will be in a fireside chat format and accessible via live audio webcast, with an archive available on Vivint's investor relations website. Vivint, a leading smart home provider in North America, serves around 1.7 million customers, offering integrated systems, consultation, installation, and 24/7 support.
Vivint Smart Home (NYSE: VVNT) launched a new advertising campaign, "Hassles Not Included," featuring Snoop Dogg. This campaign promotes the advantages of a professionally installed smart home security system, targeting the rising demand for hassle-free smart home solutions. Snoop Dogg emphasizes the ease of upgrading home security, inspired by a personal experience with a recent burglary. The campaign, Vivint's largest to date, will be showcased across national TV and digital platforms, demonstrating the company's commitment to simplifying smart home installations for homeowners.
Vivint Smart Home reported its Q3 2020 financial results, showcasing a total revenue of $319.0 million, a 9.7% increase year-over-year. The company experienced an 8.2% growth in subscribers, totaling approximately 1.69 million. Adjusted EBITDA rose to $154.5 million, up by 53.8% compared to Q3 2019, reflecting improved profitability. However, Vivint's net loss widened to $107.9 million. The company anticipates achieving a cash flow positive position of over $100 million in 2020, with revised subscriber guidance of 1.66 to 1.70 million.
Vivint Smart Home, Inc. (NYSE: VVNT) announced a conference call to discuss its third quarter 2020 results on November 4, 2020, at 5:00 p.m. Eastern Time. The financial results and presentation slides will be available on the company's investor relations website following the market close. Interested investors can register for the call in advance. The company serves approximately 1.7 million customers across the U.S. and Canada, focusing on integrated smart home systems with professional support.
Vivint Smart Home (NYSE: VVNT) has been announced as the title sponsor for the Houston Open 2020, hosted by the Astros Golf Foundation. The tournament will run from November 5-8 at Memorial Park Golf Course, marking its return after 57 years. The Astros Golf Foundation recently completed a $34 million renovation of the course, enhancing its facilities. This partnership emphasizes Vivint's commitment to community engagement in Houston. The event boasts a $7 million purse and will feature 132 players, with all rounds broadcasted on the Golf Channel.