Gen Digital Inc at Barclays Global Technology Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Saket Kalia - Barclays - Analyst : Maybe a good starting point for those in the room that might be less familiar with Gen Digital because it's changed so much over the years. Vincent, can you just give us a brief overview of the business? And your brands that some of us may not have heard of. Natalie, related for you, maybe you can just give us an overview of some of the main financial highlights that you were most proud of coming out of the last quarter. There's a lot to be proud of, right? So I'm sure it'll be a fun thing, but maybe Vincent, you can start us off.

Question: Saket Kalia - Barclays - Analyst : Funny aside, sorry, I have to interrupt you for a second. I think Moneylion was announced year to the day -- today, very good. So it's, yeah, exactly. I'm so sorry to interrupt now, but please.

Question: Saket Kalia - Barclays - Analyst : Yeah, absolutely, great EPS compounding story for sure. Vincent, maybe on MoneyLion, again, about a year since we announced the deal, if I remember correctly, about 2/3 of that business was consumer related, right, where customers were buying personal fin -- personal financial management tools or PFM tools, while about 1/3 of it was kind of enterprise marketplace. And the key there with that latter point was this matching engine. For financial products on that engine. So maybe for you Vincent, can we just dig up one level deeper into each of those segments and most importantly, why was that a strategic fit with Gen's consumer cyber safety business?

Question: Saket Kalia - Barclays - Analyst : That was super helpful, and I think I see the strategy behind sort of marrying cyber safety with financial wellness. Maybe just for those investors that aren't as familiar with the space in which MoneyLion competes in, maybe the follow-up question for you, Vincent, is why was this the leading asset in the space, right? And presumably there were other options. The Engine seems very different. Differentiated, right, but maybe on the PFM side, why was this the leading asset when certainly speaking for myself, I probably use, I think my bank app. I imagine a lot of people are similar. Why was this the best asset as you thought about this Space?

Question: Saket Kalia - Barclays - Analyst : Yeah, absolutely, it's a great reminder that LifeLock was a very forward thinking acquisition. I can certainly attest to that, yeah, for sure, Natalie, I want to stay on MoneyLion with you as well because I think what we said on the last quarter is that this would be exiting this year at 30% growth, which I think was another raise, in the guidance for that business. I think one question that I get to be completely honest is, [second], I don't know anything about MoneyLion's market with PFM or engine. Is this 30% growth sustainable? And so maybe the question for you, Natalie, is how do you think about market growth, maybe MoneyLion's ability to take share, and ultimately what that normalized growth rate is. Does that make sense?

Question: Saket Kalia - Barclays - Analyst : Well, that's really impressive.

Question: Saket Kalia - Barclays - Analyst : So that's a great segue into one of the follow-ups, Natalie, that I had for you just on the engine piece. When we were together at the NASDAQ a couple months ago, we were kind of talking about sort of this 30, 60, 90 framework, right, for that business. Can you just walk through an example of each and why it's important now that Gen has so many more customers under the umbrella? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 10, 2025 / 4:40PM, GEN.OQ - Gen Digital Inc at Barclays Global Technology Conference

Question: Saket Kalia - Barclays - Analyst : Yeah, absolutely. So basically you've got this kind of captive customer base that through the engine you can kind of cross sell them financial products as they mature in their sort of own financial journey if that makes sense.

Question: Saket Kalia - Barclays - Analyst : Understood. Understood.

Question: Saket Kalia - Barclays - Analyst : Absolutely. There's -- we spent so much time on MoneyLion. I want to zoom out a little bit and try to put all this together and Natalie, when we think about this from the revenue side, I definitely want to come to the profitability and EPS side, but I think what we said in the last call

Question: Saket Kalia - Barclays - Analyst : Yeah, absolutely. I want to move to margins here in a second, but any questions here for the audience before I move there?

Question: Saket Kalia - Barclays - Analyst : Yeah, ,absolutely. Now I want to touch on margins a little bit. I think we're at about 51% operating margins currently which digested even a little bit of the money line dilution. Which makes sense given the faster growth that that business brings. Vincent, you touched on revenue synergies and maybe there's a membership opportunity there. By the way, I'm a very happy member of LifeLock and Norton for what it's worth. Thank you for that, absolutely. But from, where are we sort of on the journey around expense synergies around MoneyLion. Understanding that wasn't really the main purpose of the acquisition, but where are we on that journey? I'm good.

Question: Saket Kalia - Barclays - Analyst : Yeah, absolutely, Natalie, I want to go back to a mechanical question. I just want to make sure we touch on it. Remind me, this fiscal year we had like an extra week. It was something weird, right, with an extra week. Can you remind us what, how much revenue that added just as we think about what adjustments we need to be thinking about for next year around forecasting revenue?

Question: Saket Kalia - Barclays - Analyst : Excited about giving guidance for next year. I can't think of a better way to end Vincent, Natalie, thank you so much for the time. A lot of exciting things to talk about here.