Gen Digital (GEN) 30 Oct 242025 Q2 Earnings call transcript

Good afternoon, everyone. Thank you for standing by. My name is Victoria, and I will be your conference operator today. This call is being recorded. [Operator Instructions]

opening to would Investor Jason for the to Relations. time, over call Starr, this remarks, like I pass At Head of

Second Thank Welcome Earnings good and Quarter Gen's Call. you, XXXX Fiscal afternoon, Year Victoria, to everyone.

me Derse, Natalie CEO; CFO. today are Joining Pilette, and Vincent

the and reminder, on press will release. call there along website, a a replay Relations As this with of be posted Investor our slides

rates references press as are investor.gendigital.com. to which included are I'd We news unless GAAP and financial that to all filings. and release the everyone post call, website non-GAAP to available financial remind at A to both like all in investors routinely website this stated. events monitor and this IR growth year-over-year otherwise and earnings encourage non-GAAP reconciliation are metrics as during our of presentation, is such on information of we our investor-oriented measures

XX, performance of to may as Today's forward-looking from and We to information expectations. Those statements business, October statements including assumptions statements involve and results may financial no our uncertainties that are industry operations, and risks that impact call undertake cause regarding be and materially business or a such statements actual expectations result as and the events. differ statements, our of update today's future date, on these current obligation of based current beliefs, contains XXXX. considered our new

XX-Q. press statement on filings our reports particular, cautionary For and most with in the and release the XX-K more SEC our risk Form information, refer please in Form the in and factors our to recent

Vincent. over And now to I'll turn call the

another growth, meeting double-digit commitments needs growth to the consistently while profitable highest up a up QX executing for delivered digital Jason. and quarter was consumer quarter continuing you, another of per mid-single-digit our Avast on growth our earnings acquisition our X% ever-expanding long-term bookings We since share of and strategy rate our lives. Thank the investment of meet XX%. growth solid

Those a We not direct to for People team. are accelerating an about threat also execution exposed solid what by many breach and results of of is e-mail. growing have the XXX,XXX are new being customers the that, it our $XX.X AI. paying our consistent awareness grew here by clear are in enhanced scam is to are every of testament talked and quarters. we reflection text with of quarter, to top stay On Those the their environment and and trends also being or million. a use record a disciplined misuse or

volume The Public empower your staggering. As we consumer Americans data along issued with and yet of practically ready breach, identity X/X that scams to grows, get everyone vulnerable. phishing frequency secure solutions of most all makes stand and the identity the and to security truly recently impact In attacks. the but social risk X awareness the is breach news It assets. of National protect August, at and the is another ever e-mails easy returned exposed an estimated your innovative with desensitized numbers of X U.S. numbers, out to $XXX leaving scale your digital breaches, of life million sophistication of security and social easy-to-use and

worry. you freedom no mind digital good task. no is of matter that cyber Delivering at is online life part to Gen unfortunate reality your big solutions and the give a we be are expected As shared last be susceptible adults even to in to election still why digital our goal criminals higher who are believe get, and without our to how the our We empower you small proving is This young rates. around severest team rising tools report scams, mission-driven. the of that live the at peace is

So focused upping every game. our day, we are on

about a first in it volumes was our personalized also high freedom. Not quickly intuitive the detected interact only scams Just future the Genie an threats every with delivered learns does of and technology embodiment ago, way, of continually digital threat at Genie and by accessible it interaction. and the AI, growing of team anti-scam with our year and product. adapts powered you

but Today, innovative million front. efficacy just start. a the XXX%. it example quarters, More and In the solutions its of offerings. we put coming core we in our X.X expand we into technology approaching have plan over this come anti-scam to to the overall continue and product enhance is great downloads is how of hands Genie consumers that to the is on

consumers together sure scams try entirely is I'm is no an identity for free your the I scan, your of proliferate, target and at biggest how risk, your ability Breaches increase of also at and and personalized you is sophisticated to are to provider, scams. being pose web. immune. or exposure mentioned earlier, me, will art go the one their cyber on available. don't with vectors, happens I is criminals the different and provided your assets information you breaches are you, you as information successfully favorite information care attack And and own. surprised rise. to pieces Protecting from and you as you And and different breaches and it on threat Data lifelog of No believe stitching challenge there to you government you be banks generally if through one of our out steal fault put much you dark health out the stores, data but your

why how is we we is team you keep spend from financial keep and one safe. victim safe also the aware have and That's your information features we are the we growing financial helping earlier. assets, at personal No LifeLock. identity around But be We time. category, alert damage. constant and a your full repair through world-class monitoring than investing in sure want continuously reputation algorithm innovating why stop a restoration your and can and have better we invented theft to in that That recover since real threat we that helps tracking to

credit to what do rating manage for increase see you recently to credit needs virtual the build services, over credit LifeLock from in with We we consumers spending credit keep of our an customers safe information expand with continue strategy helping demand our better that customer understand in score This part card, feature to finances large or and provides to for to cloud factors your new their actionable their contextual we released as address online. customers or the insights improve tracking spend to impact what insights better secure to time. trust-based subscription will area.

journeys. empowered achieve finances manage feel to in they confidently, thrive freedom and So their their digital financial

runway In bookings cyber growth to pillar over in driven were QX, a of of grew expand see to each X%, with innovate our consumer strong up we cyber continue and We opportunities identity we meaningful savings safety execute. X% as long year-over-year. by portfolio bookings where in momentum

our products growth consumer, in to will to double-digit customer better memberships serve capabilities and upselling new momentum the needs services in opportunity drove of network. whether us, acquisitions continue our so of in solid maintained continued much more to to for we AI to experiences into With and the to new match so partnership front invest most and also be We adding expanding expanding our to us that we like our identity our innovation engaging more them deliver Even in delivering protection. even and with innovation solutions can't the identity markets or engaging new or into from comprehensive expect we customers. through know existing our and customers to expanding our reach theft services market, rest, experiences intuitive

goals While share, accelerating we remain yet commitments our for we Investor long-term growth of Day quarter core per very which laid discipline our healthy, driving includes DNA. supporting XX% digits EPS last the innovation, another focused mid-single where growth many of meeting parts and and of XX%. out double-digit long-term KPIs growth. and are our our the non-GAAP remain of operating growth operating Since to Gen investments on in to future earnings with non-GAAP of our year,

delivered and commitments. our on consistently have We executed

with pleased results We future. deliver the QX excited can and we about are our what in

As shared financial towards the we a Day November. last annual strengthened achieving are making result, we Investor X-year and our our guidance, we goals at steady progress

empower passionate aspect to drive every and disciplined innovation are to digital that confident about will our our we're our mission and and protect pace focus us life, of enable of goals We our customers, our shareholder to execution the on value. achieve

And me to pass with performance our to on detail. in review that, let financial Natalie it

everyone. hello, and Vincent, you, Thank

up financial fiscal call, was For results of QX with year and guidance year-over-year full through bookings constant quarter the midpoint exclude outlook non-GAAP unless the financials walk our followed Safety in Avast up in grew XXst quarter reflects currency bookings, currency, execution strong solid above also lines, on our consecutive focus I fiscal growth. were acquisition. million, rate which by I legacy year our $XXX year-over-year otherwise QX and highest XXXX XXXX. rates, another will business and our X% USD QX for X% today's since growth in X% Cyber growth our at and QX of or will our stated. of constant results,

shore for protection data as breach. stronger through surge our we a brand bookings acquisition rate drove is up in higher offerings and growth interest This and cut and vast awareness, there National quarter, result, really identity the protection quarter. This to in helping LifeLock after demand consumer awareness was Public the a when and theft bookings the customer

and drive security comprehensive pronounced revenue success and X% offerings, consumers cross-sell our identity business Moving increasingly growth safety the Identity LifeLock million, improved lines Norton with up our lines. faster across X% was was program Safety more solutions. our growth product with grew security in Norton and USD reflects and Total Cyber we growth identity by constant as privacy broad-based to as adopt and add more in revenue to consumer our revenue. $XXX security continue year-over-year, business adjacent monetization. our QX customers XXX privacy growth membership driven currency. of with Stable cyber XXX in

supported metrics across and our $XXX key was Direct direct X%, million, by revenue of improvements ARPU customers, performance up retention.

strategy A sequentially to And growth $X.X our specifics. new QX, the up base in some and share consecutive me fifth increasing for million over expanded $XX.X up Let net we ingredient customers. million customer driving year-over-year. $XXX,XXX to is our quarter, key

marketing our investments We broad while to on product of range continue to based demand, and vast conversion. traffic optimizing shifting increasing marketing drive sites portfolio our improved and dynamically channels leverage

monthly sequentially driven and mobile This our demand. with we had drive count the helped growth our direct no impact had this international customer USD X.XX, metric opportunity year's last identity but further year-over-year. up was sequentially to net that additional market continued $X.XX and the to ARPU efforts, Note was quarter, On results. new up compared monetization, and our $X.XX increased mostly expansion by FX $X.XX by offerings

remains customer slightly our ARPU and market. by to stable up by Operationally, across brand cohorts

avenues our to protection products As we tier we purchase, first customer cross-selling whether after or additional cyber value their demonstrated ability have higher base, enhanced memberships, upselling both grow providing monetize the safety to complementary further customer and coverage. through

working. personalize customers are reflected Our features add efforts will to moments right portfolio, better And values to increases the the expand services truth and flywheel. as our offerings our expanded to we we customize date. The to in continue feed retention is of also at this and and provided new

goal our improving in towards line QX, prior point our XX%, progressing XX%. direct year-over-year, retention X quarter steadily In by with was rate the and of

cohort to driving on increased in better and of driving turn drive harder stack focused to to lifetime continue teams we customer drive are product to targeting more gains and customer personalized growth, our point in-product loyalty, customers, higher as the new each will retention goal that achieve experiences get with level. And messaging at Gen customer retention we more gets the are as and will value. out rolled create While

our look brand As brands. LifeLock our will already and with our increases stable focus in retention Norton rates mobile customers drive and on to we continue we keeping Avast high our and forward,

as was X% and to business. our our partner year-over-year offerings. we as up identity constant in revenue Turning and currency, million in X% $XXX privacy grow Partner reported QX, up

XX,XXX over identity companies threats. benefits employee their and employees channel from continues protect to helping Our scale, cyber

grows offering As benefits to and pipeline turn awareness employees, their theft comprehensive is companies strengthening. to identity our of consumer more

leveraging internationally, to Our are and markets. offerings partner's customer adoption broad telco base scale also targeted membership scale expansion partnerships helping us identity our drive in the

Across and for our our as increasingly our accelerator an gravitate adoption towards private base. have privacy partner And identity also we browsers set solutions, strong of been partner channels, see in growth as diverse in customer this the making steady quarter, lines our from progress million down next over we million annual years. billion towards $XX prior partner $X.X are out Rounding our the in $XX legacy contributed revenue year. business consumers revenue,

our our declining represents a we X% digits approximately of revenue and continue year-over-year As revenue. legacy reminder, expect total to double

year-over-year operating XX.X%. $XXX Turning to up million, was income to profitability. X% of translating an QX margin operating and

to growth half As our results. reflected I investments earlier, in focused that's noted and see the on we're market, capitalize booking making opportunities strong the in we first

an We continue accelerate of to deployment all channels to customer always-on funds base across invest optimization expand and of with growth. in marketing our and incremental existing funds

longer-term R&D through record in at continue offerings We're our fortify launching and demonstrated foundational ahead the low comprehensive approximately of And operating our will prior also emerging investments G&A threats. we operating by investing leverage cyber a new fund lean portfolio revenue. quarters, we've in to X% our and product capabilities technology across safety now and stay of as while to these organizations of

expectations along will disciplined mid-single-digit growth. approach related up was with QX XX% for on quarter, first our year-over-year. income million. driving debt of on as focus with our year-over-year, in to $XXX in line Diluted against we to was net XX% was Building sustainable same strength continue million, Interest the $X.XX our invest expense execution guidance. up $XXX our with the in EPS business our we solid half, the the KPIs,

Our was of impact rate and steady XX%, at repurchases. our the count share share remained year-over-year, million, million non-GAAP $XX down tax ending reflecting $XXX

flow. balance Turning and sheet QX cash $XXX cash balance our was to ending million.

$XXX quarter. was of supported billion which total approximately cash of balance liquidity, cash free this are cash $X.X payments We ending $XX $XXX interest over billion revolver. flow million, included $X.X was cash of million, QX QX operating by and million consisting flow of and our

cash result, down this And we As QX Also quarter. is pay any are use cash of year, debt not to QX a maturity high, paid and our that stock in as additional tax September did due highest end balance of the XX. our ending on concentration schedule on our reminder, not seasonally payments our or $XX in September given interest purchase the the a quarter. note, being this reflect $XX to our million of does important quarter timing XX million for due

committed per of common the regular paydown free As capital returning dividend XXX% buyback. our and we opportunistic form dividend the of to cash maintaining quarter, we our million share flow of to shareholders remain allocation our paid debt we capital In excess look shareholders, quarterly forward, balancing and strategy, to a in $XX allocation to both $X.XXX share.

$X.XXX the Directors XXXX, business be of a record For close cash common paid QX approved for per XX, fiscal of share XX, on as to quarterly on of Board of XXXX. dividend XXXX of December the November all shareholders

we our share XXXX, Since of a of capital over over period. the long-term to With debt billion out in strong fiscal worth of flow deploy start down of $X billion paid time have the total our and year repurchases achieve cash continue $X.X that Analyst deployed generation, Day. will we to laid objectives have our

to turning fiscal QX 'XX Now outlook. our and

million range to to approximately growth $XXX range expect to in non-GAAP to EPS of in million, For of QX $X.XX. cyber be safety. X% And in $XXX non-GAAP the the we QX, $X.XX revenue translating

fiscal year X% For billion expected range range in strengthening our X% safety translating growth of currency, to expressed prior to constant we bookings guidance billion are and to revenue full X% X%. year $X.XX by the supported growth in now of cyber in safety, cyber X.XXX XXXX, expect to

the last our growth with of share of end the in of we increase have and $X.XX to objectives EPS be to now non-GAAP We lower representing expect currency range XX% raised guidance November. the to constant an EPS per shared EPS in in line XX% annual and $X.XX

target our goals. keep long-term remain well XXXX our positioned for and us achieve our plan, summary, results to we In on QX

Our direction. key continue the to in indicators right trend performance

executing We framework the guide our our points us and growth strategic are along provides plan journey.

to thank time always, and your now back As the today, questions. you turn will take Operator? operator for I your the to call

first the Nowinski [Operator of with Fargo. from Andrew comes Instructions] Our question line Wells

Congrats results here. on strong QX the

call. the to Welcome Absolutely.

adds dark on impressive. net to national this personal dig including it has now adult mean guarantee to we were data data which into this thanks a thought in the web like public that it's that I almost the summer, saw their breaches seems the wanted all I U.S. the I quarter, very breach. every

you the improve, quarter. you said I it think net think this forward? the growth influenced will more particularly Because U.S. adds So in international do by going was the

National the the and Americas continent Breach of definitely, this and brands people Data So helped across more making aware Europe. all quarter, our the but we our -- grew risks across balls, of cohorts

kind and of We a U.S. bit know believe X X be that has profile enough the together everyone have on base. that a to an for American for broad need expand we know if should you're right of do an personal to like that to risk. a and of it stitch little Granted, a out work bit web identity ideally, awareness identity the understands that that more first It's on the you seen catastrophe was So data we the -- ensure today, out that criminals service, any in insurance to we've reason. dark test. that skimp everybody pronounced to want, a is in there protected protection. we'll the never something you a and the about And little

to a Got maybe then clarification. -- And I wanted it. just

did includes Norton to the it gave this think I or quarter cross-sell didn't last LifeLock you really all breach quarter given an rate see attach in you the was I quarter, membership But the that I penetration also upgrading this to you had that higher-end if LifeLock XX%. that. improvement talked about increased catch wondering customers activity?

This for the is Thanks Natalie. Yes. question.

a of what to of X increase consecutive several to what was quarters. in us in rate been and term. starting We with with the the for our cross-sell long growth out as over growth X the levers to laid that guys growth would and point you accelerated of saw you and sustainable And digits. mid-single our a we we needed definitely and achievements we share the show have wanted for that driver for to believe X you sure, So for us mid-single-digit achieve It's penetration. need guys milestone

single high I be of absolutely attach growth, the that such in value, and ARPU a into more highly are more not retaining specific consistent LifeLock times customers heard for script from -- then up-sell metric NPD especially handful quarter it higher demand quarter, very our our acquisition our did offerings saw bookings LifeLock only the customers LifeLock won't quarter, every our but And in into we see even saw for give rate, value. us coming the LifeLock a LifeLock market. we a it acquisition been probably than of the this yes, driver performance more has my you by So membership tiers from with -- protection And a more increased and this cross-sell. bridge mean because you identity fueled tiered business. healthy but We that

Keep good up the work.

Thank you.

line comes Barclays. question from next of Our with Saket Kalia the

maybe on Natalie, Parley activity for quarter, Saket. commentary you. Ryan buybacks is for constrictions. first this This just some around cash And and the That delevering was understanding helpful the

you to few near a as be delevering next how the forward, over we at balancing talk about you're quarters? going buybacks and -- Just and going look next can take midterm, the

to we've be to the say going taken that handful of consistent Yes. a approach I would quarters. last it's

strike flex of out, and both we Of us happening than for debt cost allocation in very indicators. specific on now different are were very quarter year quarter right is because macroeconomic a terms the a We'll the based in, capital in the all important strategy. environment debt not But we the of balance in than market course, percentage ago. the we know what's

the of cash, the highest from QX use everything cost timing So of cash. the is our of debt,

else So do generators. we're we what also were additional largely -- constricted cash we in we highly but capital for terms of could allocation know

be capital interesting. very, very balanced and back very half So the will of allocation

you into Maybe I that's Analyst about talk to interesting super see. Got first know dig retention part was been trending? about Could helpful. at just other we that one I'd That's to That adds. net Because my how it. year for Day. and follow-up, of love talked really

you been is And improvements Just has think how what do are trending? there? that -- there any

Yes.

innovative market, very in we first of very, is point relevant very but year priced bringing safety. very and So that be understand customers to continuously make bringing only demand so sure retention are our consistent up. that the great competitively personalization range competitive, they a increasing we to our values rate of I'd product them cut and that risk highly our their road and that is to as not to what possible we're in that And market and the our products and messaging map, is we cyber to and services for we're through can services ever

able very, And which past. solid in up to in retention so have in year rates are why higher yes, yes, first than the year we of scale But renewal been all -- is see our rates, to been first very overall. results the we've XX% they

line of Evercore. comes Our question the from Peter Levine next with

Maybe you. to

enable you your You know so I core about I think, it but X.X, more debt But mentioned, -- commentary, more you Genie kind offerings. a think I opportunities terms you maybe think there kind that come to AI with your of will resin putting on downloads. like across And competitive. so aspirations AI of be called was about what explain that to in your front, platform? Vincent, Can I of tool out, talked then maybe or a just to X.X bit you if the are the more the it's talk just in across monetization little of us --

help Just kind those, us balance of

of Yes. right. will It me all let but explain be lever,

what singly scam, to rise Gini with is X.X also strong on came use with We've we're then And the million a focused LLM we you help those spot our not. had decide when consumers a very that on of conversational also cans volume personalized and can what's is developing can able personalized in So scam the definitely, And CAM. eye. did we the and really detect scans scam to interface, our be what see and a we out is models, move I level portfolio. anti-scam features into we're our think assistant to the scams, Non first the core blocks from scams being now to of overall the with that very voice to you XXX and tech downloads assistant in start or plan, We'll first in And XXX up NOR membership call scam our LifeLock. the strong Genie ready to X through plant. moving then with all we'll the insurance to different want way Norton ramp the if

coming now. that's So

mentioned. first move only The the of upgrade help monetization level to next to will Genie you I've the be path a old that is plan those have for just if a there anti-scam want the who and customers stand-alone of just tool. to current wants safety, stand to those our all to cross-sell, and to want but to plan of of Pro provide not features extend And

quarter the maybe most was this the for I I or enrollment. up sign second it. here follow-up think question would know benefits is And

you that on kind season next So your quarter maybe making kind can you then of that an about the go versus accelerate update changes And give of how just to market partners if to the that expectations? kind us how any this pipeline to ended, for to think you're of year? off closed for

the marketing communication growth accounts. and have It's benefit new seen sign-ups working materials employee we're account to both engagement those the double to continue through right We've we digit. last growing few also accounts, and grow acquiring but in So channel with putting quarters. on more our each

always We very funnel. have had strong a We've strong very funnel. a

forecast. about I've channel development continued way everything Defender When strong to below. the products funnel accounts. which mentioned our can the we to Now feel customers the to service very and and we if comes jump into are the of just marketing And -- new it and think all enrollment another in integrate it go growth, full within subscribe We more if you that I comes also executives reputation where want you the more see for we those in and want. a obviously we activity in good view

go agreements the... priced If benefits, more. into get I one agreement? enterprise can just the curious that versus of how Or consumer Are pricing is and model company the these offer ask an you in the it terms versus when does model? Just a

Absolutely.

enterprise sponsored kind the the an not So charge pricing is fully for the either below, by agreement, but is is basis. you it's and plans materially partially slightly it the below pricing a but employer sponsored of on what perceived consumers. or benefit

next question Zilberman Our of from the comes with Tomer line of America. Bank

wanted the direct go customer back to I adds. to net

here in remainder So $XXX,XXX, and what international you of the the year? would the sales better we national look trying breach. from really, growth customer coming the mobile what said when you the how I'm much ask is data the of is back say you of ads of versus at what the that is identity to do on And think the normalized

Natalie. is This

adds The as expand from, one. has net our broaden as solutions and customer count expansion. majority mobile been that take market sequentially international consistently I'll our well of we on as coming So available

saw growth And and value stayed consistent acquisition. for proposition to identity levers we increase of healthy been we expand in on QX. our on coming the we've And continuously as customer we have with consistent critical acquisition those the the focus basis, got increased us is offerings. that for users. mobile of very from then that, demand very, of the and in both it On customer go-forward So top penetration, a us increase consistent that drivers

the just across of our yes, got terms And and will our with as engagement on of mobile users basis of in in internationally of -- new that across we're continue started to proposition we getting expanding expand ever-growing platforms. identify our and brands we all and value a do global healthy We markets the that portfolio. all the we've customers customer acquisition

will addition, brands In to across of all foster we our the portfolio. continue

are them critical. All of

feeds we're product, book technology marketing cross-sell, feeds to we feeds upsell we've feeds as the product acquisition it's our customer a and combined or channels healthy our basis, map in retention road solutions well that go-forward increase be optimize growth. our to the a and whether the investments, different that going on accelerating bookings And with to flywheel, balancing that bring feeds -- our therefore, got and ARPU, as

for maybe the the year, impact guidance guidance business much that you're this of follow-up, year negative raise last million And your in seeing? over versus is as about driving from full $X the it. went the to looking better just Got currency down a few that quarters. trends the million $X How at raise quarter, I your saw

revise when of currency the now. set all Yes, it's that predict currency our We we project we know rates we we use -- when our current right immaterial then for us. fluctuations. any don't And guide, or just as

question of next Fodderwala comes Hamza Stanley. the line Morgan Our with from

So solid sort recent of question slightly of in top have than I the EBIT strong The on quarters. margin, the really higher wanted was to quarter net a think, side in I adds. equation. wanted a line, it record I terms cost of was

costs. Just curious know the cost seeing that I are side, what terms in on up advertising in of you down. and of gone past the kind

currently? curious what . I'm you're So seeing

quite the spend the Yes, those and going set to And across we've channels of got it channels. different honestly, all such in diverse all channels. brands, a marketing varies increasing

optimize different across gross We the acquisition, ROI rate. the see do got. leverage that I and our think customer margin talking portfolio. for about diversification shifts healthy And specifically we we yes, you're we've channel marketing

-- what's of what treatment, channels marketing different accounting depending on there terms are. In there is

quarter margin margin that that's channel hold the consistently to P&L margin the margin, versus about able quarter-over-quarter. you so encourage for the versus marketing consider just think you when profile expense of where why the to EBITDA actually and the operating we're -- hit. would It's op this I So gross

costs in specific trending direct-to-consumer business, or would more up say few have be I been the the advertising quarters can you in side the last how of Maybe down?

Yes.

definitely would I more say getting it overall, is So competitive.

tax mind, in very are brand keep very, by different. tax by our Now and channel

customer And demand leveraging talk and so stable add to up in about obviously of by to taking overall, if much absolute for side it's AV of acquire new the lower value sequentially, terms talk we But you that business LifeLock, when dollar were internationally. a to and than think think side to market acquisition. about about that's cost higher going about when our a when in security market much we increased a growth a higher much, you CAC customer be

it. Got

So that a higher little . sense? bit be maybe but subscriber, it's lifetime check. Does higher might value make a initially

Yes. Yes,

RBC. Our line final Dan the Bergstrom question of comes from with

for portend acceleration? between just mentioned Burke growth, here? Hedberg. growth your growth it moved the following X% X% over a constant revenue the quarter. looks last key to currency and of X% around like just bookings in of especially revenue Matt you the nice of to really questions. It's uptick X any the accelerated up Mattel, to And that to Just X% see, potential Dan further answer the assumptions next quarter. Should from last then bookings difference think to it's X% X% or It's accelerating that maybe X% could growth solidifying last thoughts year? bookings narrowing Maybe maybe we what maybe around revenue number,

going be to large -- of A ratable. Yes. business our is of book the majority or portfolio our

off have rolling a the in We of about don't ton of balance the terms it's our size of sheet relatively seasonality quarters. And so consistently.

it We largely because see portfolio is the the so ratable the you of our and annual recognize months. period we deliver and over share of that roll we on business book largely our that the the XX have in off revenue next our speaking, hitting subscription is bookings high majority do we next small same over -- And an on still speaking, which subscribers, service so of as monthly. quarters. super But will business, would and revenue the our is level, monthly a

maybe a That's action lean channels? a you change did timing It personal Any like marketing seems pretty data around breach. outline little that you you more security undertook then on into product. the prescient I maybe further? you helpful. done number had little messaging that it social have to mean, any may specifics And exposure

lot And terms We us for with the in of was. a healthy and reallocation then across on services. as did we of where channels really different sure paid demand traffic helped side. go demand full identity, also our in as them platform bring the with to to obviously, the a LifeLock where SEO referral put search. marketing the the did Yes. There's a for well to the affiliate And to into balance channels assessing that, a the dollars reallocation brands LifeLock in business

to you conference concludes I Pilette, Thank remarks. the now Vincent for would Gen Q&A pass for closing session. your to our like CEO Digital questions. That Inc.,

you. Thank

key As the and leader success digital vision provide have our in to and future The everyone. in bold a threat landscape consumer cyber ever, product AI our and we safety, freedom technology, opportunities. to dynamic innovation for is more are than investments

AI-enabled trust-based financial and on data personal other compelling a map security, control focused have road product safety, solutions. We

serving strategy is record customers. have Our our long of effective, go-to-market we a track and

brands the well cyber trusted interest support. are to and safety and for our your adoption We with globally expertise. Thank omnichannel of you positioned expand your

your the for today's Thank day. you participation, concludes your of That enjoy and rest call.