Cyber Safety Bookings and Revenue Growth
Cyber Safety bookings grew 4% in constant currency, and revenue was $986 million, up 4% in USD and constant currency, with strong growth in the United States.
EPS Growth and Financial Performance
The company delivered its fifth consecutive quarter of double-digit EPS growth, with EPS up 15% year-over-year. Operating income was $577 million, up 4%, with an operating margin of 58.5%.
Direct Customer Base Expansion
The direct customer base reached a record 40.1 million, up 371,000 sequentially and 1.2 million year-over-year.
Product Innovation and AI Integration
Norton Genie was downloaded 2 million times, and its AI engine shows nearly 100% efficacy in detecting scams. The company is also integrating AI-powered scam detection into smartphones through a partnership with Qualcomm.
International and Mobile Market Growth
Customer growth in international markets and mobile remained strong, with increased adoption of Norton 360 memberships among new mobile customers.
Acquisition of MoneyLion
Gen announced the acquisition of MoneyLion to strengthen and accelerate its financial wellness offerings, more than doubling its addressable market to over $50 billion.