Report Finds 614% Increase in Scams Where Cybercriminals Go After People's Desire to Learn about Technology and Problem-Solve, Supporting a Surge in Data TheftTEMPE, Ariz. and PRAGUE, Nov. 19, 2024 /PRNewswire/ -- Gen™ (NASDAQ: GEN), a global leader in consumer Cyber Safety with a family of brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner, today released the Q3/2024 Gen Threat Report. This quarter highlights cybercriminals' rapid adaptation to new tactics, including soci ...

Did you analyze how Gen Digital (GEN) fared in its international operations for the quarter ending September 2024? Given the widespread global presence of this security software maker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajector ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 27, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 000-17781 Gen Digital Inc. (Exact name of the registrant as specified in its charter) Delaware 77-0181864 (State or other jurisd ...

Gen Digital Inc. (GEN) posted second-quarter fiscal 2025 results, wherein earnings matched the Zacks Consensus Estimate and revenues beat the same.Gen Digital reported non-GAAP earnings of 54 cents per share, which improved 16% year over year and came in line with the Zacks Consensus Estimate. The bottom line increased 16% on a constant currency basis too. Increased revenues, disciplined spending and cost synergies from the NortonLifeLock and Avast merger drove the bottom-line growth.Stay up-to-date with al ...

Gen Digital (GEN) reported $975 million in revenue for the quarter ended September 2024, representing a yearover-year increase of 2.1%. EPS of $0.54 for the same period compares to $0.47 a year ago. The reported revenue represents a surprise of +0.67% over the Zacks Consensus Estimate of $968.54 million. With the consensus EPS estimate being $0.54, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Financial Data and Key Metrics - Q2 bookings grew 5% YoY, reaching $964 million, the highest growth rate since the Avast acquisition [6][14] - Revenue for Q2 was $974 million, up 3% YoY, with Cyber Safety revenue growing 4% YoY [16] - Operating income increased 4% YoY to $567 million, with an operating margin of 58.2% [23] - Net income rose 12% YoY to $336 million, and diluted EPS grew 16% YoY to $0.54 [24] - Direct paying customers increased by 400,000 in Q2, reaching a record 39.7 million [6][17] Business Line Performance - Cyber Safety bookings grew 5% YoY, driven by strong momentum in identity protection, which saw an 8% YoY increase [11] - Identity and privacy business lines showed faster growth, particularly with the Norton 360 with LifeLock product [16] - Direct revenue increased 3% YoY to $860 million, supported by improvements in customer acquisition, ARPU, and retention [17] - Partner revenue grew 7% YoY to $102 million, driven by identity and privacy offerings [20] Market Performance - International and mobile expansion efforts contributed significantly to net new customer growth, with 389,000 new customers added sequentially [18] - The US market saw increased demand for identity protection following the National Public Data Breach, which exposed 270 million social security numbers [7][15] Strategic Direction and Industry Competition - The company is focused on innovation, particularly in AI, with the Genie anti-scam product achieving over 1.6 million downloads and nearing 100% efficacy [8] - Plans to integrate AI-driven anti-scam technology into core offerings, starting with Norton 360, to enhance customer protection and drive monetization [8][41] - The company aims to expand its reach in identity theft protection and other trust-based services, leveraging its strong brand awareness and product portfolio [10][11] Management Commentary on Operating Environment and Future Outlook - Management highlighted the growing threat environment, with increasing consumer awareness of cyber risks due to frequent data breaches and scams [6][7] - The company is committed to long-term growth, with a focus on mid-single-digit bookings growth and 12-15% non-GAAP EPS growth [12][27] - The company raised its full-year revenue guidance to $3.905-$3.930 billion, reflecting confidence in continued growth and execution [27] Other Important Information - The company ended Q2 with $737 million in cash and $2.2 billion in total liquidity, including a $1.5 billion revolver [25] - Share repurchases and debt paydown remain key components of the capital allocation strategy, with $1.6 billion deployed in share repurchases since fiscal year 2023 [26] - The company paid a quarterly dividend of $0.125 per share, with the next payment scheduled for December 11, 2024 [26] Q&A Session Summary Question: Impact of the National Public Data Breach on net adds - The breach significantly increased consumer awareness, driving higher demand for identity protection, particularly in the US [30][31] - The company saw broad-based growth across all brands and regions, with a notable increase in identity protection sales [31] Question: LifeLock attach rate and cross-sell performance - Cross-sell penetration continued to grow, contributing to bookings growth and ARPU improvements [32] - LifeLock attach rates increased, with more customers upgrading to higher-tier memberships, driven by the NPD breach [32] Question: Balance between buybacks and debt paydown - The company plans to maintain a balanced approach to capital allocation, considering macroeconomic conditions and cash flow generation [36] Question: First-year retention trends - First-year retention rates have improved, driven by innovative product offerings and competitive pricing [37] Question: Genie AI integration and monetization - Genie AI will be integrated into Norton 360, with plans to expand features and monetize through upgrades and cross-sells [41] Question: Employee benefits channel performance - The employee benefits channel grew double-digit, with a strong pipeline and increased adoption of identity protection services [43] Question: Direct customer net adds breakdown - International and mobile expansion were the primary drivers of net adds, with additional growth from identity protection sales [47] Question: Advertising costs and gross margin trends - Advertising costs have been stable to slightly up, with higher CACs for high-value customers like LifeLock [52] Question: Bookings growth and revenue outlook - Bookings growth is expected to support revenue growth over the next 12 months, with a focus on ratable revenue streams [56] Question: Marketing adjustments post-NPD breach - The company reallocated marketing dollars to focus on LifeLock, leveraging SEO, paid search, and affiliate channels to capture demand [57]

Gen Digital (GEN) came out with quarterly earnings of $0.54 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this security software maker would post earnings of $0.53 per share when it actually produced earnings of $0.53, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Gen Digital, which belongs to ...

Gen Q2 FY25 Earnings October 30, 2024 a Avira & norton √ LifeLock A Avast CCleaner Copyright © 2024 Gen Digital Inc. All rights reserved. Forward-Looking Statements This presentation contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," or similar expressions, and variations or negatives of these words, but the absence of the ...

PRESS RELEASE Investor Contact Jason Starr Media Contact Audra Proctor Gen Gen IR@GenDigital.com Press@GenDigital.com Gen Reports Second Quarter Fiscal Year 2025 Results Gen strengthens its annual guidance driven by strong bookings and customer count growth TEMPE, Ariz. & PRAGUE, October 30, 2024 – Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for the second quarter fiscal year 2025, which ended September 27, 2024. "Threats to your information, i ...

Gen strengthens its annual guidance driven by strong bookings and customer count growth TEMPE, Ariz. & PRAGUE, Oct. 30, 2024 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN), a global leader dedicated to powering Digital Freedom, released its results for the second quarter fiscal year 2025, which ended September 27, 2024. Gen Q2 FY25 Results Gen Q2 FY25 Results "Threats to your information, identity, and financial assets are more dynamic and effective than ever," said Vincent Pilette, CEO of Gen. "That's why ...