Core Insights - Norton has launched Genie Scam Protection and Genie Scam Protection Pro, which utilize advanced AI to detect scams across various platforms including texts, phone calls, emails, and web [1][2][3] - The AI technology in Norton Genie continuously learns from user interactions, enhancing its effectiveness in identifying potential scams [2][3] - The new scam protection features are included at no extra cost in various Norton Cyber Safety products, providing proactive defense against scams [3][4] Product Features - Genie Scam Protection includes features such as Safe SMS, Safe Web, Scam Assistant, Norton Private Browser, Safe Call, and Safe Email, all designed to detect and block scams [6] - Safe SMS analyzes the meaning of words in text messages to identify sophisticated scams, while Safe Web offers protection during online shopping and browsing [6] - Scam Support and Reimbursement services assist users in recovering lost funds due to scams, enhancing customer confidence in using Norton products [6] Market Position - Norton is recognized as a leader in AI-powered scam detection, continuously innovating to stay ahead of evolving scam tactics [2][3][5] - The company aims to integrate additional technologies, such as deepfake detection, into its products to further enhance user protection [5] - Norton is part of Gen Digital, a global company focused on providing digital safety solutions, and is committed to empowering users with trusted protection [8]

Company Overview - Genmab A/S is an international biotechnology company focused on improving patient lives through innovative antibody therapeutics [2][3] - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab has a global presence in North America, Europe, and Asia Pacific [3] Product Pipeline and Vision - Genmab has developed a proprietary pipeline that includes bispecific T-cell engagers, antibody-drug conjugates, next-generation immune checkpoint modulators, and effector function-enhanced antibodies [2] - The company's vision by 2030 is to transform the lives of patients with cancer and other serious diseases through groundbreaking antibody medicines, referred to as "knock-your-socks-off" (KYSO) therapies [2] Upcoming Events - Genmab's Chief Financial Officer Anthony Pagano and Chief Development Officer Judith Klimovsky will participate in a fireside chat at the 45th Annual TD Cowen Health Care Conference on March 3, 2025 [1]

Core Viewpoint - Gen Digital Inc. has announced the pricing of $950 million in senior notes with a 6.25% interest rate, due in 2033, as part of a private offering exempt from registration under the Securities Act [1][2]. Group 1: Offering Details - The offering of the senior notes is expected to close on February 13, 2025, pending customary closing conditions [2]. - The net proceeds from this offering will be used to repurchase all outstanding 5.00% Senior Notes due 2025 and to pay accrued and unpaid interest on those notes [2]. Group 2: Regulatory Compliance - The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and they will not be registered under the Securities Act [3]. - The offering does not constitute an offer to sell or a solicitation to buy any security in jurisdictions where such actions would be unlawful [4]. Group 3: Company Overview - Gen Digital Inc. is a global leader in cybersecurity and digital safety, providing services through brands like Norton, Avast, and LifeLock, serving nearly 500 million users across more than 150 countries [5].

Core Viewpoint - Gen Digital Inc. is proposing to sell $1,100 million in senior notes due 2033 to repurchase existing senior notes and for general corporate purposes [1][2]. Company Overview - Gen Digital Inc. is a global leader in digital safety, offering a range of consumer brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner [5]. - The company aims to empower nearly 500 million users across more than 150 countries to live their digital lives safely and confidently [5]. Notes Offering Details - The proposed offering consists of senior notes that will not be registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. investors [3]. - The net proceeds from the notes offering will be used to repurchase all outstanding 5.00% Senior Notes due 2025 and for general corporate purposes [2]. Regulatory Compliance - The offering is exempt from the registration requirements of the Securities Act, and the notes may not be offered or sold in the United States without registration or an applicable exemption [3][4].

Core Insights - The Q4/2024 Gen Threat Report indicates a record-breaking year for cyber threats, with 2.55 billion threats blocked in the last quarter alone, averaging 321 threats every second [1][2] - Social engineering attacks accounted for 86% of all blocked threats, highlighting the advanced psychological tactics employed by cybercriminals [1][2] - The report anticipates an increase in risks in 2025 due to the rise of AI-powered systems and devices, which are expected to be the next frontier for cybercrime [2] Cyber Threat Landscape - Phishing attacks rose by 14% in Q4/2024, with scammers exploiting platforms like Wix and spoofing brands such as Apple iCloud [3] - Malvertising was responsible for 41% of all blocked attacks in the quarter, indicating its prevalence as a method for delivering scams and malware [3] - Social media platforms, particularly Facebook, were identified as prime grounds for scams, with Facebook accounting for 56% of total identified threats [4] Financial Scams - The last quarter of 2024 marked the most active period for financial scams, with mobile phones being a primary attack vector [6] - Deceptive online ads (malvertising) accounted for 27% of scams, followed by fake e-shops at 23% and phishing at 18% [6] Notable Scams - The CryptoCore group executed the largest deepfake crypto scam, stealing over $7 million by hijacking YouTube accounts and using deepfake videos [7] - New mobile banking trojans emerged, with infections of the BankBot banker rising by 236% compared to Q3/2024 [7] Personal Data Risks - Personal data loss remains a significant risk, with a 130% increase in attacks targeting individuals, totaling 4.2 million blocked attacks in Q4 [9] - Ransomware incidents saw a 50% increase in Q4, indicating a growing threat to both organizations and individuals [10] Company Initiatives - To combat these threats, Gen introduced a Clipboard Protection feature across its brands, aimed at blocking clipboard-based threats [10] - Gen operates a family of trusted Cyber Safety brands, providing cybersecurity, online privacy, and identity protection to nearly 500 million users globally [11]

Company Announcement - Genmab A/S will hold its Annual General Meeting on March 12, 2025, at 2:00 PM CET at the Copenhagen Marriott Hotel [2] Company Overview - Genmab is an international biotechnology company focused on improving patient lives through innovative antibody therapeutics, with a vision to transform cancer treatment by 2030 [3][4] - Established in 1999, Genmab is headquartered in Copenhagen, Denmark, and has a presence in North America, Europe, and Asia Pacific [4]

Company Overview - Genmab A/S is an international biotechnology company focused on improving patient lives through innovative antibody therapeutics [2][3] - Established in 1999 and headquartered in Copenhagen, Denmark, Genmab has a global presence across North America, Europe, and Asia Pacific [3] Financial Reporting - Genmab filed its Annual Report for the financial year 2024 on Form 20-F with the U.S. SEC, which includes parts of the Genmab A/S Annual Report 2024 [1] Strategic Vision - By 2030, Genmab aims to transform the lives of individuals with cancer and other serious diseases through its advanced antibody medicines, referred to as "knock-your-socks-off" (KYSO) therapies [2]

Norton uncovers AI's role in modern romance, with 60% of online daters believing their matches used AI to chat them up TEMPE, Ariz. and PRAGUE, Feb. 4, 2025 /PRNewswire/ -- As dating platforms evolve and artificial intelligence becomes more integrated into our daily lives, people are finding both new opportunities and new threats in their pursuit of meaningful connections. A new study from Norton, a consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), uncovers how AI is reshaping online dating– helping people ...

Have you evaluated the performance of Gen Digital's (GEN) international operations during the quarter that concluded in December 2024? Considering the extensive worldwide presence of this security software maker, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth ...

Financial Performance - Net revenues for the three months ended December 27, 2024, increased by $38 million to $986 million, primarily driven by higher sales in consumer security and identity protection products [152][166]. - Operating income for the same period rose by $42 million to $374 million, attributed to increased net revenues and lower amortization of intangible assets [152][153]. - Net income increased by $17 million to $159 million, with diluted net income per share rising by $0.04 to $0.26, mainly due to higher operating income and decreased interest expenses [152][153]. - For the nine months ended December 27, 2024, net revenues increased by $89 million to $2,925 million, with significant contributions from identity protection and consumer security products [152][167]. - Operating income for the nine-month period surged by $480 million to $1,193 million, benefiting from increased revenues and reduced legal costs [152][153]. Customer Metrics - Direct customer count at the end of the quarter was 40.1 million, up from 38.9 million in the previous year, indicating growth in the customer base [168][169]. - Average revenue per user (ARPU) for the three months ended December 27, 2024, was $7.27, compared to $7.18 in the prior year [168][170]. - The retention rate improved to 78% from 77% year-over-year, reflecting effective subscription renewal strategies [168][171]. Cash Flow and Capital Management - Cash and cash equivalents increased by $37 million to $883 million, primarily due to cash generated from operating activities [152][153]. - Cash provided by operating activities increased by $82 million to $748 million for the nine months ended December 27, 2024, driven by higher profit before taxes and improved cash collection [194]. - The company executed stock repurchases of 11 million shares for $272 million during the nine months ended December 27, 2024, compared to 7 million shares for $141 million in the same period last year [200]. - The company announced a cash dividend of $0.125 per share to be paid in March 2025, subject to Board approval [204]. - The remaining balance of the stock repurchase authorization as of December 27, 2024, was $2.728 billion, with no fixed expiration date [205]. Debt and Financing - As of December 27, 2024, total outstanding debt amounted to $8.569 billion, including $5.963 billion in term loans and $2.6 billion in senior notes [203]. - The company has $2,600 million in aggregate principal amount of fixed-rate Senior Notes outstanding, with a fair value of $2,626 million as of December 27, 2024 [211]. - The company has $5,963 million in outstanding debt with variable interest rates, where a hypothetical 100 basis point change in SOFR would result in a $60 million increase in annual interest expense [212]. - The company entered into interest rate swap agreements in March 2023, converting $1 billion of variable rate borrowings to fixed rates, with $500 million at 3.762% and $500 million at 3.55% [213]. - The company has a $1,495 million revolving credit facility that bears interest at a variable rate based on SOFR [214]. Strategic Initiatives - The company announced a definitive agreement to acquire MoneyLion Inc. on December 10, 2024, indicating a strategic move for market expansion [154]. - The company expects to incur total costs up to $150 million related to the September 2022 restructuring plan following the acquisition of Avast, with $21 million in cash payments made during the nine months ended December 27, 2024 [206]. - As of December 27, 2024, the company has incurred costs of $128 million related to the September 2022 restructuring plan [206]. Operational Efficiency - Total operating expenses decreased by 3% to $419 million for the three months ended December 27, 2024, with significant reductions in general and administrative expenses by $335 million (60%) compared to the previous year [177][180]. - Cost of revenues increased by $11 million (6%) to $193 million for the three months ended December 27, 2024, primarily due to a $12 million increase in revenue share costs [174][175]. Risk Management - The company is exposed to foreign currency exchange rate risks due to operations in multiple currencies, which may impact revenue expressed in USD [215]. - The company manages foreign currency exposure by executing monthly foreign exchange forward contracts [217]. - As of December 27, 2024, the company has excluded $1,384 million in long-term income taxes payable from its quarterly review of contractual obligations due to uncertainty in cash flow timing [208]. - There were no material changes to the company's contractual obligations reported in the Annual Report [209].