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 ...

Gen Digital (GEN) is slated to report second-quarter fiscal 2025 results after market close on Oct. 30. GEN expects fiscal second-quarter non-GAAP revenues in the range of $965-$975 million. The Zacks Consensus Estimate for revenues is pegged at $968.5 million, indicating 1.4% year-over-year growth. For the fiscal second quarter, Gen Digital expects non-GAAP earnings in the range of 53-55 cents per share. The consensus mark for the same is pegged at 54 cents per share, unchanged for the past 60 days, sugges ...

"Election scams are a significant issue. From fake donations to disinformation intended to deceive, these scams can lead to serious financial and personal data losses, or even increase divisiveness by spreading confusion and mistrust," said Leena Elias, Chief Product Officer at Gen. "Protecting voters means staying ahead of new threats and providing people with the Cyber Safety knowledge and tools they need to safeguard their personal information and confidently vote." Who's at Risk? Younger adults are most ...

TEMPE, Ariz. and PRAGUE, Oct. 8, 2024 /PRNewswire/ -- Gen Digital Inc. (NASDAQ: GEN) today announced that its fiscal 2025 second quarter financial results will be released Wednesday, October 30, 2024, after market close. Following the press release, Gen management will host a conference call and webcast at 2 p.m. PT / 5 p.m. ET. Fiscal 2025 Q2 Earnings Call October 30, 2024 2 p.m. PT / 5 p.m. ET Conference call dial-in and live webcast link available on Investor.GenDigital.com About Gen Gen™ (NASDAQ: GEN) i ...

CERRITOS, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature "grill at your table" experience, today announced the grand opening of its newest restaurant in Maui, Hawaii. The opening of the new Maui location underscores the Company's strategic expansion goals and ongoing success in the region. Known for stunning beaches, unique and spirited culture an ...