Gen Digital Inc. Contingent Value Rights Q1 FY2026 earnings call

• Fiscal year 2026 started strong with Q1 bookings and revenue growth over 30% reported and 10% pro forma. • Integrated MoneyLion's core infrastructure, with MoneyLion portfolio and business integration underway. • Made progress on platform strategy with Norton integrated into Gen stack. • Cyber Safety Platform saw broad-based growth in global markets, with AI-driven innovations like Norton Genie evolving and Norton Deepfake Detection introduced. • Trust-Based Solutions grew with LifeLock's steady growth, MoneyLion's Q1 revenue up 45% pro forma, and initiatives like automated AI-powered renewal engine and AI-enabled platform. • Newly established AI innovation lab launched Norton Neo.

Cyber Safety Platform: Represented 2/3 of Q1 revenue, grew 11% reported and 4% normalizing for extra week, operating margin 61%. Trust-Based Solutions: Represented 1/3 of revenue, grew over 100% reported and 25% normalizing for extra week and MoneyLion baseline, achieved 31% non-GAAP operating margin.

• Raised annual revenue guidance to $4.8 billion to $4.9 billion, up $100 million from prior. • Expect non-GAAP EPS in range of $2.49 to $2.56. • Q2 non-GAAP revenue expected in range of $1.18 billion to $1.21 billion, non-GAAP EPS in range of $0.60 to $0.62. • Guidance assumes continued mid-single-digit growth in core business and MoneyLion growth over 30% while funding investments.

Q: Roger Boyd asked about MoneyLion's fundamental trends and outperformance.

A: Vincent Pilette said MoneyLion grew strongly, with acceleration in PFM and engine, and opportunities to move customers through the financial journey.

Q: Roger Boyd asked about pricing as a monetization lever.

A: Natalie Derse said focus is on innovation to deliver value, with cross-sell and upsell driving ARPU increases.

Q: Rob Coolbrith asked about MoneyLion operations and opportunities.

A: Vincent Pilette said focus on growth and margin improvement, with cross-sell into Gen's installed base.

Q: Andrew Nowinski asked about Cyber Safety business growth drivers.

A: Natalie Derse said cross-sell, upsell, partner diversification, and strong retention rates.

Q: Daniel Bergstrom asked about MoneyLion business model transition.

A: Vincent Pilette said moving to membership structure for long-term value.

Q: Daniel Bergstrom asked about MoneyLion ecosystem surprises.

A: Vincent Pilette said MoneyLion's engine and ecosystem are unique and promising.

Q: Saket Kalia asked about MoneyLion marketplace cross-sell.

A: Vincent Pilette said combination of Gen and MoneyLion capabilities positions well for future financial delivery.