Compared to Estimates, Gen Digital (GEN) Q1 Earnings: A Look at Key Metrics

Financial Performance - Gen Digital reported $965 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2% [1] - The EPS for the same period was $0.53, compared to $0.47 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $960.41 million, resulting in a surprise of +0.48% [1] - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.53 [1] Key Metrics - Direct customer count reached 39.3 million, surpassing the average estimate of 38.99 million based on two analysts [3] - Direct average revenue per user (ARPU) was $7.23, slightly below the estimated $7.24 [4] - Cyber Safety Revenue from partner revenues was reported at $101 million, exceeding the average estimate of $100.79 million, reflecting a year-over-year change of +4.1% [5] - Cyber Safety Revenue from direct customer revenues was $850 million, compared to the average estimate of $851.42 million, indicating a year-over-year change of +2.2% [6] Stock Performance - Shares of Gen Digital have returned +5.3% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]