Record Revenue and Growth
Gen delivered record revenue of just over $1.2 billion, a 25% increase year-over-year. The company also reported a 15% year-over-year increase in non-GAAP EPS to $0.62.
Strong Performance in Trust-Based Solutions
The Trust-Based Solutions segment showed a revenue increase of over 25% on a pro forma basis, with an operating margin at the 30% target.
MoneyLion Exceptional Growth
The consumer fintech business, MoneyLion, grew 50% year-over-year, contributing to Gen's overall revenue growth of 10% when included in prior year results.
Expanding Scam and Deepfake Protection
Gen expanded its scam and deepfake protection features, with Norton Genie Pro and Avast Scam Guardian, supporting over 40 languages and more countries coming later this year.
AI-Driven Innovation
AI is being integrated across Gen's products and operations, with behavioral-based threat detection, customer support automation, and AI-driven marketing efforts contributing to operational efficiencies.
Raising Annual Guidance
Gen raised its annual revenue guidance by $95 million, now expecting over 25% growth on a reported basis for fiscal year 2026.