Gen Digital Inc.

GEN

US6687711084

Software

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May. 22	Norton Unveils Its New, Innovative Browser Designed from the Ground Up with Advanced Artificial Intelligence, Norton Neo	CI
May. 19	Gen Digital Insider Sold Shares Worth $910,139, According to a Recent SEC Filing	MT

Gen Digital : Fourth Quarter 2025 Q4 FY25 Presentation

Published on 05/07/2025 at 04:13

Q4 FY25 Earnings

May 6, 2025

Purpose

Powering Digital Freedom

Mission

We create innovative and easy-to-use technology solutions that help people grow, manage, and secure their digital and financial lives.

Business & Portfolio Highlights

Positive Customer Reviews

4.8 stars

80%

and Recognitions

Company Awards

Product and

25+

Integrated Genie

Scam Protection into

Norton Cyber Safety

products

Accelerating

Leadership in

Trust-Based Solutions

MoneyLiori

FY25 Snapshot

Core Cyber Safety Metrics

Revenue $3.935B, +4% Y/Y

Op Margin 58%, +30 bps

EPS $2.22, +15% CC

$4.0B

Total Bookings

+4% Y/Y (CC)

78%

Direct Retention

+250 bps since Avast acquisition

65M+

Total Paid

Customers

$7.26

Direct Monthly ARPU

+$0.04 Y/Y

40M+

Direct Customers

+1.3M net Y/Y

3.2x

Net Leverage

(0.3x) Y/Y

Note: Revenue, operating margin, and EPS are presen ted as non-GAAP. Direct monthly ARPU reflects 12 months ended March 29, 2024.

See appendix for reconciliation of financial measu res from GAAP to non-GAAP.

Industry Accolades

Gen's industry leadership

160+ Third-Party Security Recognitions in FY25

2025 Winner

of the 2025 Cybersecurity Excellence Award

Multi-Year Recognition

Member of the Dow Jones Best-in-Class North America Index (3rd year), powered by the S&P Global CSA

93 AV-Test Awards

across Norton, Avast, Avira & AVG

8 AVLab Awards for Avast

including Product of the Year 2025 -Advanced In-The-Wild Malware Test

Most Responsible

since 2021, Gen remains one of Newsweek America's Most Responsible Companies

50 AV Comparative Awards

across Norton, Avast, Avira & AVG

15 Testing Ground Labs Awards

across Norton, Avast & Avira

Scam Protection available in Norton360

Market reports double-digit growth in scams YoY

Nearly 3.4B scam emails sent daily and
1.6B scam texts received each day
The average American receives 25
scams per week
1 in 5 people have been victimized by a scam in the past year
52% of Americans are concerned they will fall victim to a scam
$10B scam related losses reported in 2023
Genie Scam Protection
AI powered scam assistant
Safe Web and SMS: avoid scam sites and texts
Private Browser: browse with advanced privacy
Scam dashboard and insights
Genie Scam Protection Pro
Safe Call: Identify and block incoming scam calls
Safe Email: Filter scams out of your inbox
Scam Support: Human support from our experts
Scam Reimbursement: up to $10,000 of losses

Expands into full lifecycle of credit and financial wellness

offerings for consumers

strategically accelerates Gen's presence in financial wellness and expands our consumer portfolio

Brings an AI recommendation engine, enhanced by Gen's

user base, that powers a scaled financial marketplace platform

Diversifies Gen's customer base with consumers in earlier

stages of their financial lives, expanding top of funnel

Combines security, identity and financial data to enhance personalization, improving user digital and financial health

Closed late April FY26

More than doubles addressable market to $50B+ and reinforces long-term financial model

CYBER SAFETY PLATFORM

Deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and with confidence

Powering Digital Freedom

TRUST-BASED SOLUTIONS

Provide innovative solutions and insights that empower consumers to manage their identity, reputation and finances confidently to achieve freedom

Evolution of the business

Trust-based solutions in a digitally safe world

Credit Lifecycle management

Alerts, Protection & Restoration

Reputation Management

Personal Financial Management

Banking Services

Marketplace

Trust-based solutions

Identity & Financial Wellness

Anti-Virus & Ant-Scam

Utilities & Parental Control

VPN & Private Browser

Anti-Track & Privacy Monitor

Password Mgr. & Digital Vault

Cyber Safety Assistant

Cyber Safety Platform

Security & Privacy

Operating in two segments that bring our vision to life

CYBER SAFETY PLATFORM TRUST-BASED SOLUTIONS

Security

Secure my family against cyber threats

Privacy

Safeguard my personal data

Identity

Protect my identity and finances

Financial Wellness

Manage and grow my finances

Premium Security

VPN

LifeLock

Earned Wage Access (EWA)

Freemium Security

Privacy Add Ons

Other ITPS

Personal Finance Management (PFM)

Utilities

Private Browser

Reputation

Marketplace

Small Business

Digital Vault

Identity Wallet

Other Solutions

Gen Portfolio by Segment

: Leader in consumer Cyber Safety & Financial Wellness

14B+ Attacks blocked	10PB ~500M Threat Data used Users		85M+ Customers
	to train AI models

2,000	4B+	~$4.75B	1,200+
Global R&D Engineers	Scams & Phishing	Annual Revenue	Partners

500 AI / Data Scientists	1,000+ Patents	150+ Countries	3,000+ Customer Service
& Engineers			Agents

Tech Powerhouse

blocked

Global Reach

Family of brands

Business Segments

Cyber Safety Platform: Security & Privacy

Secure against cyber threats

Safeguard personal data

Trust-Based Solutions: Identity & Financials Protect identity and finances Manage and grow finances

FY25 Q4 Results

Q4 Non-GAAP Financial Highlights

Building momentum exiting FY25: Bookings and Revenue up 5% in constant currency
Operating margin of 58.4% reflects strong core margins and disciplined growth investments
6thquarter of double-digit EPS growth, up 13% (CC), driven by focused execution and balanced capital allocation

Bookings
+5% Y/Y in CC and Cyber Safety
+3% Y/Y in USD
Revenue (1)

Operating Income (1)
+4% Y/Y in CC
+4% Y/Y in USD
$590M
$566M
OM 58.4%
OM 58.7%

EPS (1)
+13% Y/Y in CC
+12% Y/Y in USD
$0.59
$0.52

+5% Y/Y in CC and Cyber Safety
+5% Y/Y in USD
$1,044M
$1,076M
$964M
$1,010M
Q4 FY24 Q4 FY25
Q4 FY24 Q4 FY25
Q4 FY24 Q4 FY25
Q4 FY24 Q4 FY25
Note: Graphs not to scale. All numbers presented are non-GAAP unless otherwise indicated. See appendix for reconciliation of financial measures from GAAP to non-GAAP.
(1) During the first quarter of fiscal year 2025, Gen made an immaterial revis ion to FY24 financials. Please refer to Note 1 in the Q1 FY25 10-Q for more details.

Copyright © 2025 Gen Digital Inc. All rights reserved. 15
Solid Execution in Q4 & FY25
Record Q4 Revenue of $1,010M, up 5% in USD and CC
- Broad-based growth across product portfolio, with stronger growth in higher value US market
- Healthy direct KPIs at cohort levels, partner channels scaling through Identity adoption
Operating Leverage at Scale: 58.4% Margin, (30) bps Y/Y
- Robust revenue growth and best-in-class margins
  reflect solid execution of cyber safety strategy
- Highly recurring business model and operational discipline fund innovation and marketing investments
Record Q4 EPS of $0.59, up 12% in USD and 13% in CC
- 6thconsecutive quarter of double-digit earnings growth
- Supported by operating leverage and capital structure

Non-GAAP P&L

($mil), except per share amounts

Revenue

Y/Y % (CC)

Gross Profit Gross Margin

Operating Expenses

% of Revenue Operating Income Operating Margin

Other Inc / (Expense)

Effective Tax Rate Net Income

EPS

Diluted Share Count

Y/Y %

Q4 FY25

$1,010

868

85.9%

278

27.5%

$590

58.4%

(121)

22%

$366

$0.59

624

USD

(40) bps

(10) bps

(30) bps

--10%

12%

(2%)

Y/Y %

FY25

$3,935

3,390

86.1%

1,092

27.8%

$2,298

58.4%

(520)

22%

$1,387

$2.22

624

USD

(80) bps

(0%)

(100) bps

30 bps

--11%

14%

(3%)

Note: All numbers presented are non-GAAP unless otherwise indicated.

See appendix for reconciliation of financial measures from GAAP to non-GAAP.

Gen Performance Metrics

REVENUE ($mil)

	Q4 FY24	Q3 FY25	Q4 FY25	Y/Y % USD	Y/Y % CC
Direct(1) (2)	$844	$869	$877	4%	4%
+ Partners	$105	$105	$121	15%	15%
= Cyber Safety	$949	$974	$998	5%	5%
+ Legacy (3)	$15	$12	$12	(20%)	(20%)
= Total Revenue	$964	$986	$1,010	5%	5%

Note: Amounts may not add due to rounding.

During the first quarter of fiscal year 2025, Gen made an immaterial revis ion to FY24 financials. Please refer to Note 1 in
the Q1 FY25 10-Q for more details.
Subscriptions sold directly through E-Commerce and Mobile App
Legacy revenue includes: EOL VPN (SurfEasy and HMA), SMB Legacy Platforms, Avast's Chrome Distribution, Bullguard, Tech
OEM, and exited markets.
Direct monthly ARPU is calculated as direct customer revenues for the period divided by the average direct customer count
for the same period, expressed as a monthly figure.
Direct retention is customer (unit) retention. Reflects blended retention of E-Commerce and Mobile customers

CYBER SAFETY METRICS

	Q4 FY24	Q3 FY25	Q4 FY25	Y/Y
Direct Customers (Q/Q change)	39.1M +232K	40.1M +371K	40.4M +322K	1.3M
Direct Monthly ARPU (4)	$7.22	$7.27	$7.27	$0.05
Direct Retention (5)	77%	78%	78%

All KPIs stable to up, with improvements across cohorts
Net Direct Customers up 1.3M Y/Y from international expansion and higher mobile adoption, improved retention at cohort level
ARPU expansion reflects cross-sell momentum and higher membership adoption in mobile channels
Retention up Y/Y at cohort level, overall blended retention stable

Key Balance Sheet, Cash Flow, & Other Metrics ($mil)	Q4 FY24	Q3 FY25	Q4 FY25
Balance Sheet
Cash and Cash Equivalents	$846	$883	$1,006
Contract Liabilities (1)	$1,884	$1,849	$1,923
Debt (Principal)	$8,716	$8,569	$8,355
Cash Flow Cash Flow from Operations $1,398 (2)$326 Capital Expenditures $3 $8 Free Cash Flow $1,395 (2)$318 Other Metrics: Capital Allocation Dividends + Dividend Equivalents $78 $77			$473 $3 $470 $77
(Quarterly $0.125 per common share)
Debt Paydown	$658	$59	$1,164
Share Repurchase	$300	--	--

Balance Sheet & Cash Flow

Liquidity of $2.5B
- $1B cash + $1.5B revolver undrawn
Debt / EBITDA (3)Net Leverage of 3.2x
- Remain committed to long-term target <3x by FY27
Q4 Free Cash Flow of $470M
- Full Year Free Cash Flow of $1.2B
April 2025 Activity:
- ~$1B cash outflow for MoneyLion transaction
- Issued $750M Term Loan B (SOFR + 1.75%) due 2032
  1. During the first quarter of fiscal year 2025, Gen made an immaterial revis ion to FY24 financials.
    Please refer to Note 1 in the Q1 FY25 10-Q for more details.
  2. Associated with tax capital losses disclosed in our FY23 10-K
  3. Using Covenant Debt EBITDA (Non-GAAP)

Q1 & FY26 NON-GAAP ANNUAL GUIDANCE

FY26

$4.70 - $4.80B

Revenue

6-8% Y/Y (Pro-Forma)

$2.46 - $2.54

EPS

12-15% Y/Y (CC)

Q1 FY26

$1.18 - $1.21B

Revenue

5-7% Y/Y (Pro-Forma)

$0.59 - $0.61

EPS

12-15% Y/Y (CC)

Key Assumptions:

High-single digit pro-forma growth
Fiscal year 2026 includes an extra week in Q1, offset by MoneyLion pre-acquisition stub revenue and business model transition
Overall Op. Margin ~52-53%, driven by segment mix
Currency consistent with FY25 exit
Note: All numbers presented are non-GAAP unless otherwise indicated
- Guidance in USD assumes ending March 2025 foreign exchange rates.
- Assumes non-GAAP effective taxrate of ~22%.
- We are not providing GAAPEPS guidance because most non-GAAP adjustments pertain to events that have not yet occurred and would be unreasonably burdensome to forecast.

Supplemental Information

THE FIRST CONSUMER FINANCE DIGITAL ECOSYSTEM & THE ULTIMATE FINANCIAL MARKETPLACE

Financial Profile

CY2024

Personal Financial Management (PFM)

Marketplace Products & Offers

Revenue & Growth

$546M

AI Powered PFM

Insights

Banking Direct Deposit Early Paycheck

Money / Adjacent

Content and Comm unity

Credit

Monitoring

Loans

Personal, Student, Auto, Home

Credit

Cards

Insurance

Auto, Life, Home

High Yield

Savings

+29% Y/Y

Adj. EBITDA Margin

17%

Rewards

Investing

Managed Portfolio

Single Stock Investing

Premium

Membership

Cashback rewards

Home

Get Repairs,

Save on Utilities

Earn

Side Hustles

Total Customers

20M

Cash Advance Roun d Ups

Games

Auto

Rent, Buy / Sell

Credit Builder

Loans

Education

Student Loan Refi

Total Customer Inquiries

345M

Credit Bui lder Loans

Peer to Peer Payments

Travel Crypto

Tax Preparation

Transaction overview

Transaction structure

$82/ share (Cash)

$23/ share (CVR)

Contingent Value Right ("CVR") issuable at closing and payable in Gen shares (issuable based on an assumed share price of $30.48) if Gen 30 consecutive trading day average volume-weighted average share price reaches

$37.50 during the period from December 10, 2024 through the 24-month period after the transaction close.

Financial impact

Cash payment of ~$1B
Estimated purchase price at 9-11x NTM EBITDA(1) before synergies
Accretive to Non-GAAP EPS
Reinforces Gen's long-term financial model

Gen re-affirms commitment of net leverage <3x EBITDA(2) by FY27

EBITDA based on street consensus (FactSet), mul tiple based on cash value and cash + $23 CVR face val ue

Using Covenant Debt EBITDA (Non-GAAP)

Facility	Principal ($mil)	Maturity	Coupon
Revolver (RCF): undrawn	$1,500	2027	If drawn: SOFR+CSA+1.5%
Term Loan A (TLA)	$3,470	2027	SOFR+CSA+1.5%
Term Loan B (TLB)	$2,377	2029	SOFR+1.75%
Term Loan B (TLB)	$750	2032	SOFR+1.75%
2027 Sr. Unsecured Note (SUN)	$900	2027	6.75%
2030 Sr. Unsecured Note (SUN)	$600	2030	7.125%
2033 Sr. Unsecured Note (SUN)	$950	2033	6.25%

Capital Structure

Debt Maturities in $mil (Initial Principal Amounts)

As of April 17, 2025

Revolver

(undrawn)

$1,500

In September 2022: Raised $7.6B of TLA/B to fund Avast acquisition
and raised $1.5B of SUN to refinance maturing debt.
- Voluntary TLB pre-payments of $1,230M to date

TLA

$3,470

2027 SUN

$900

TLB

$2,377

2030 SUN

$600

TLB

$750

March 2023: Executed $1 billion of 3-year pay fixed interest rate swaps
June 2024: Repriced existing TLB to SOFR +1.75% (from SOFR + CSA + 2%)
February 2025: Issued $950mm Sr. Notes 2033 and paid off $1.1B Sr. Notes 2025
- Issued $750mm TLB 2032 (S+1.75%), drawn in April 2025
Current cost of debt ~6.1%
- ~62% floating debt with hedges, expect variable cost to trend with term SOFR
  2033 SUN
  $950

Debt maturities extended and staggered through FY33
Notes:
RCF (if drawn) / TLA spread is variable, based upon the better of company's leverage ratio and unsecured credit

FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33

rating and ranging between 1.125% and 1.75%. As of 03/28/2025, the drawn spread for these facilities is 1.5%.

CSA represents a spread to align SOFR, a secured financing rate, with LIBOR, an unsecured rate. The CSA will be 10bps
for each monthly interest payment.
- Avira mortgages were paid off during Q4 FY25.
- The Company at its option can redeem, prior to its stated maturity, the 2027, 2030, and 2033 Sr. Unsecured Notes at

pre-specified redemption prices beginning September 30, 2024, September 30, 2025, and April 01, 2028.

Note: Graph not to scale.

Trended Non-GAAP Quarterly Results

Non-GAAP P&L ($M), except per share amounts	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25
Direct Customer Revenues	829	834	834	844	3,341	850	860	869	877	3,456
Partner Revenues	97	95	99	105	396	101	102	105	121	429
TOTAL CYBER SAFETY REVENUE	$926	$929	$933	$949	$3,737	$951	$962	$974	$998	$3,885
Legacy Revenues	17	16	15	15	63	14	12	12	12	50
TOTAL REVENUE	$943	$945	$948	$964	$3,800	$965	$974	$986	$1,010	$3,935
Y/Y % (CC)	35%	28%	2%	3%	15%	3%	3%	4%	5%	4%
Gross Profit	$822	$824	$824	$832	$3,302	$833	$839	$850	$868	$3,390
Gross Margin	87.2%	87.2%	86.9%	86.3%	86.9%	86.3%	86.1%	86.2%	85.9%	86.1%
Sales & Marketing	172	174	172	173	691	173	175	173	184	705
Research & Development	79	75	67	69	290	72	74	74	71	291
General & Administrative	29	29	30	24	112	24	23	26	23	96
Operating Expenses	280	278	269	266	1,093	269	272	273	278	1,092
% of Revenue	29.7%	29.4%	28.4%	27.6%	28.8%	27.9%	27.9%	27.7%	27.5%	27.8%
Operating Income	$542	$546	$555	$566	$2,209	$564	$567	$577	$590	$2,298
Operating Margin	57.5%	57.8%	58.5%	58.7%	58.1%	58.4%	58.2%	58.5%	58.4%	58.4%
Interest Expense	(163)	(167)	(158)	(154)	(642)	(146)	(143)	(134)	(129)	(552)
Other Income (Expense)	9	6	7	15	37	12	6	6	8	32
Income before Income Taxes	$388	$385	$404	$427	$1,604	$430	$430	$449	$469	$1,778
Provision for Income Tax	85	84	89	94	352	95	94	99	103	391
Net Income	$303	$301	$315	$333	$1,252	$335	$336	$350	$366	$1,387
EPS	$0.47	$0.47	$0.49	$0.52	$1.95	$0.53	$0.54	$0.56	$0.59	$2.22
Diluted Share Count	643	644	645	637	642	627	622	623	624	624
Depreciation	7	6	5	5	23	5	4	5	4	18
Reported EBITDA	$549	$552	$560	$571	$2,232	$569	$571	$582	$594	$2,316

During the first quarter of fiscal year 2025, Gen made an im material revision to FY24 financials. Please refer to Note 1 in the Q1 FY25 10-Q for more details. Copyright © 2025 Gen Digital Inc. All rights reserved. 24

Reconciliation to Non-GAAP Gross Profit

GAAP to Non-GAAP Gross Profit ($M)	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25
GAAP Results of Operation Gross profit (GAAP) Non-GAAP Gross Profit Adjustments Cost of revenues Stock-based compensation Amortization of intangible assets	$764	$765	$766	$774	$3,069	$775	$780	$793	$811	$3,159
	1	1	1	1	4	1	1	1	1	4
	57	58	57	57	229	57	58	56	56	227
TOTAL GROSS PROFIT ADJUSTMENT	58	59	58	58	233	58	59	57	57	231
Non-GAAP Results of
Operation
Net revenues	943	945	948	964	3,800	965	974	986	1,010	3,935
Cost of revenues	121	121	124	132	498	132	135	136	142	545
GROSS PROFIT (NON-GAAP)	$822	$824	$824	$832	$3,302	$833	$839	$850	$868	$3,390

Reconciliation to Non-GAAP Operating Income

GAAP to Non-GAAP Operating Income ($M)	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25
GAAP Results of Operation
Operating income (GAAP)	$359	$22	$332	$397	$1,110	$417	$402	$374	$417	$1,610
Total Non-GAAP gross profit adjustment	58	59	58	58	233	58	59	57	57	231
Non-GAAP Operating Expense
Adjustments
Stock-based compensation	36	34	34	30	134	30	32	32	36	130
Amortization of intangible assets	61	61	61	50	233	43	44	43	44	174
Impairment of intangible assets	-	-	-	-	-	-	-	-	3	3
Restructuring and other costs	17	17	2	21	57	(1)	3	2	3	7
Acquisition and integration costs	6	6	8	4	24	2	2	6	1	11
Litigation costs	5	347	60	6	418	15	25	21	4	65
Legal contract dispute cost	-	-	-	-	-	-	-	42	24	66
Other	-	-	-	-	-	-	-	-	1	1
TOTAL OPERATING EXPENSE ADJUSTMENT	125	465	165	111	866	89	106	146	116	457
Non-GAAP Results of Operation
Gross profit	822	824	824	832	3,302	833	839	850	868	3,390
Sales and marketing	172	174	172	173	691	173	175	173	184	705
Research and development	79	75	67	69	290	72	74	74	71	291
General and administrative	29	29	30	24	112	24	23	26	23	96
Total operating expenses	280	278	269	266	1,093	269	272	273	278	1,092
Operating Income (Non-GAAP)	$542	$546	$555	$566	$2,209	$564	$567	$577	$590	$2,298

Reconciliation to Non-GAAP Net Income

GAAP to Non-GAAP Net Income ($M)	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25
GAAP Results of Operation
Net income (GAAP)	$187	$147	$142	$131	$607	$181	$161	$159	$142	$643
Total Non-GAAP gross profit adjustment	58	59	58	58	233	58	59	57	57	231
Total Non-GAAP operating expense adjustment	125	465	165	111	866	89	106	146	116	457
Non-GAAP Other Non-Operating Expense
(Income) Adj
Non-cash interest expense	7	6	7	7	27	7	6	7	6	26
Loss (gain) on equity investments	-	-	-	40	40	-	-	30	-	30
Gain on sale of properties	(4)	-	(5)	-	(9)	-	-	-	-	-
Other	1	(1)	1	(1)	-	-	1	1	3	5
Total adjustments to GAAP income before income taxes	187	529	226	215	1,157	154	172	241	182	749
Income tax effect of non-GAAP adjustments	(71)	(375)	(53)	(13)	(512)	-	3	(50)	42	(5)
Total net income adjustment	116	154	173	202	645	154	175	191	224	744
Non-GAAP Results of Operation
Operating income	542	546	555	566	2,209	564	567	577	590	2,298
Interest expense	(163)	(167)	(158)	(154)	(642)	(146)	(143)	(134)	(129)	(552)
Other income (expense), net	9	6	7	15	37	12	6	6	8	32
Income before income taxes	388	385	404	427	1,604	430	430	449	469	1,778
Provision for income taxes	85	84	89	94	352	95	94	99	103	391
Net income (Non-GAAP)	$303	$301	$315	$333	$1,252	$335	$336	$350	$366	$1,387

Reconciliation to Non-GAAP EPS and Net Income

GAAP to Non-GAAP EPS and Net Income (1)

($M), except per share amounts

Q4 FY25

EPS Net Income

GAAP EPS / Net Income $0.23 $142

Stock based compensation	0.06	37
Amortization of intangible assets	0.16	100
Impairment of intangible assets	0.00	3
Restructuring and other costs	0.00	3
Acquisition and integration costs	0.00	1
Litigation costs	0.01	4
Legal contract dispute cost	0.04	24
Other (2)	0.02	10
Adjustment to GAAP provision for income taxes	0.07	42
Total adjustments	0.36	224
Non-GAAP EPS / Net Income	$0.59	$366

(1) Total may not add due to rounding.

(2) Other includes non-cash interest expen se, loss (gain) on equity investments and properties and other minor reconciling items.

Reconciliation to Non-GAAP (Unlevered) Free Cash Flow

Unlevered Free Cash Flow Reconciliation ($M)	FY25
Net Cash Flow from Operating Activities Adjustments: Capital Expenditures	$1,221 (15)
Free Cash Flow Adjustments: Cash paid for interest expense, net of interest rate hedges	$1,206 $544
Unlevered Free Cash Flow	$1,750

Trended GAAP Revenue by Geo

Revenue by Geo ($M)	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY25
US	558	563	564	580	2,265	579	584	589	606	2,358
Rest of Americas	56	55	55	53	219	57	57	58	57	229
Americas	614	618	619	633	2,484	636	641	647	663	2,587
EMEA	226	227	230	234	917	233	233	240	247	953
APJ	103	100	99	97	399	96	100	99	100	395
Total Revenue	$943	$945	$948	$964	$3,800	$965	$974	$986	$1,010	$3,935

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Gen Digital Inc. published this content on May 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 07:48 UTC.

Latest news about Gen Digital Inc.

Norton Unveils Its New, Innovative Browser Designed from the Ground Up with Advanced Artificial Intelligence, Norton Neo	May. 22	CI
Gen Digital Insider Sold Shares Worth $910,139, According to a Recent SEC Filing	May. 19	MT
Gen Digital Inc. Announces Board Changes, Effective May 15, 2025	May. 16	CI
Gen Announces Board Transitions, Welcomes John Chrystal As Peter Feld Departs	May. 15	RE
Tranche Update on Gen Digital Inc.'s Equity Buyback Plan announced on May 9, 2024.	May. 15	CI
RBC Capital Adjusts Price Target on Gen Digital to $30 From $28, Maintains Sector Perform Rating	May. 07	MT
Gen Digital Inc., Q4 2025 Earnings Call, May 06, 2025	May. 06
Avast antivirus-owner Gen Digital forecasts upbeat 2026 on strong demand	May. 06	RE
Earnings Flash (GEN) Gen Digital Posts Q4 Revenue $1.01B, vs. FactSet Est of $996.7M	May. 06	MT
Earnings Flash (GEN) Gen Digital Posts Q4 Adjusted EPS $0.59, vs. FactSet Est of $0.58	May. 06	MT
Gen Digital Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 28, 2025	May. 06	CI
Edison Partners Announces Exit From Moneylion Following Company's Acquisition By Gen Digital	Apr. 29	RE
Gen Digital Completes $1 Billion Acquisition of MoneyLion	Apr. 17	MT
Gen Digital Inc. (NASDAQ: GEN) completed the acquisition of MoneyLion Inc. (NYSE: ML) from a group of shareholders.	Apr. 16	CI
Morgan Stanley Adjusts Price Target on Gen Digital to $25 From $27, Maintains Equalweight Rating	Apr. 16	MT
MoneyLion Shareholders Approve Acquisition by Gen Digital	Apr. 10	MT
MoneyLion Stockholders Approve Proposed Acquisition by Gen Digital	Apr. 10	RE
RBC Lowers Price Target on Gen Digital to $28 From $30, Keeps Sector Perform Rating	Apr. 10	MT
MoneyLion to Hold Special Stockholder Meeting on Proposed Acquisition by Gen Digital	Mar. 10	RE
Gen Digital Inc. Issues $950 Million Aggregate Principal Amount of 6.250% Senior Notes Due 2033	Feb. 28	CI
Norton Launches Enhanced AI-Powered Scam Protection Across Cyber Safety Lineup	Feb. 19	CI
Gen Digital Prices $950 Million Private Offering of Notes	Feb. 13	MT
Gen Digital Inc. Prices $950 Million Aggregate Principal Amount of Its 6.25% Senior Notes Due 2033	Feb. 13	CI
Gen Digital Planning to Sell $1.1 Billion of Senior Notes Due 2033	Feb. 13	MT
Tranche Update on Gen Digital Inc.'s Equity Buyback Plan announced on May 9, 2024.	Jan. 31	CI

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Company Profile

Gen Digital Inc. is the world's leader in Internet security. The group develops and sells software programs designed for anti-intrusion protection, information and data security, application performance, storage, and server management, data management and storage, access filtering, vulnerability analysis, etc. Net sales break down by family of products as follows: - consumer security and antivirus protection solutions (64.5%): Norton 360 Security, Norton Security, Norton Secure VPN, Avira Security, Avast, etc.; - identity and information protection solutions (35.5%). Net sales break down geographically as follows: Americas (65.4%), Europe/Middle East/Africa (24.1%) and Asia/Pacific (10.5%).

Employees

3,500

Sector

Software

Calendar

Jul. 30 - Q1 2026 Earnings Release (Projected)

More about the company