The stock reacted positively, rising 4.4%, driven by better-than-expected revenue growth and a strong margin profile, supported by accelerating demand across both Cyber Safety and Trust-Based Solutions segments.
- Bookings and revenue grew 11% year-over-year, surpassing previous guidance.
- Non-GAAP EPS increased 19%, reflecting operational leverage and disciplined cost management.
- Paid customers exceeded 80 million, marking the 11th consecutive quarter of sequential growth.
- Cyber Safety segment sustained mid-single-digit growth with margins above 50%, boosted by deployment of AI-driven products like Norton’s Financial Scan.
- Trust-Based Solutions bookings expanded 25%, driven by higher-tier plan adoption and strong retention (90% retention, NPS above 70).
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