Gen Digital Inc. reported a solid financial performance for the fiscal year ending March 28, 2025, with net revenues reaching $3.935 billion, a 4% increase from $3.800 billion in the previous fiscal year. The company also saw a significant rise in operating income, which increased by $500 million to $1.610 billion, primarily driven by higher sales in consumer security and identity protection products, as well as reduced legal costs and lower amortization expenses. Net income rose to $643 million, or $1.03 per diluted share, compared to $607 million, or $0.95 per diluted share, in the prior year.
The company experienced notable changes in its operational metrics, including an increase in direct customers by 1.3 million, bringing the total to approximately 40.4 million. The average revenue per user (ARPU) also saw a slight increase to $7.26, while the direct retention rate improved to 78%. These metrics reflect the effectiveness of Gen's strategies in enhancing customer engagement and retention, particularly following its acquisition of MoneyLion, which was completed in April 2025. This acquisition is expected to extend Gen's offerings into comprehensive financial wellness services.
In terms of strategic developments, Gen Digital has focused on expanding its product portfolio and geographic reach. The company has integrated its offerings across various brands, including Norton, Avast, and LifeLock, to provide a comprehensive suite of cyber safety solutions. The acquisition of MoneyLion is a key part of this strategy, allowing Gen to enhance its identity solutions and financial management services. The company has also maintained a strong cash position, with cash and cash equivalents increasing to $1.006 billion, up from $846 million in the previous year.
Operationally, Gen Digital reported a diverse revenue stream, with 66% of revenues coming from the Americas, 24% from EMEA, and 10% from APJ. The company has also been proactive in managing its costs, with total operating expenses decreasing by 21% to $1.549 billion, largely due to reduced legal costs and restructuring expenses related to the Avast acquisition. The company’s focus on cost management and operational efficiency is expected to support its profitability moving forward.
Looking ahead, Gen Digital remains optimistic about its growth prospects, despite potential macroeconomic challenges such as inflation and geopolitical tensions. The company plans to continue investing in its product offerings and customer acquisition strategies while monitoring global economic conditions. Gen Digital's management believes that its existing cash reserves, along with cash generated from operations, will be sufficient to meet its working capital needs and support ongoing business activities in the near term.
About Gen Digital Inc.
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