Gen Digital entered into a definitive agreement on December 10, 2024, to acquire MoneyLion Inc. for approximately $1 billion in cash and contingent value rights. This acquisition is expected to extend Gen's identity solutions into financial wellness.

On January 28, 2025, Gen Digital acquired all the outstanding shares of a technology-enabled personal finance education and recommendation platform for an aggregate purchase price of $85 million in cash. This acquisition is expected to enhance Gen's capabilities in cyber safety, identity protection (LifeLock), and financial wellness.

Gen Digital is migrating customers from a significant e-commerce partner to its proprietary eStore platform. This transition is expected to be completed by March 2025 and should reduce reliance on third-party payment processors.

The September 2022 restructuring plan, initiated following the Avast acquisition, is expected to result in total costs of up to $150 million. As of December 27, 2024, $128 million in costs have been incurred, indicating progress towards completion.

Gen Digital confirms compliance with all debt covenants under the Amended Credit Agreement as of December 27, 2024, indicating effective management of financial obligations.

During the three and nine months ended December 27, 2024, Gen Digital incurred $22 million and $62 million, respectively, related to the estimated accrual and final resolutions of litigation contingencies in our Condensed Consolidated Statement of Operations.

Gen Digital relies on Broadcom for certain engineering and threat response services under a limited-term license agreement following the sale of its enterprise security assets. Failure by Broadcom to deliver these services could disrupt Gen's business.

Gen Digital acknowledges the ongoing threat of cybersecurity attacks, including those from nation-states, and the potential for data breaches. Such events could result in legal, financial, and reputational harm.

Gen Digital is involved in various legal proceedings, including a patent infringement case and other litigation contingencies. The outcome of these proceedings is uncertain and could have a material adverse effect on the company's business, financial condition, and results of operations.

Gen Digital faces competition from a broad range of companies, including software vendors, operating system providers, and companies specializing in particular segments of the market. This competition could result in a loss of market share and a reduction in revenue.

The company's future success depends on its ability to effectively respond to evolving threats to consumers, as well as competitive technological developments and industry changes, by developing or introducing new and enhanced solutions on a timely basis.

Gen Digital competes with vendors for the opportunity to have its solutions bundled with the offerings of strategic partners, such as computer hardware OEMs, internet service providers, operating systems and telecom service providers.

The company's restructuring and other costs consist primarily of severance and termination benefits, contract cancellation charges, asset write-offs and impairments and other exit and disposal costs.

Sales and marketing expenses remained relatively flat, indicating stable investment in customer acquisition and retention.

General and administrative expenses decreased significantly, primarily due to the absence of legal costs related to ongoing litigation.

The company continues to dedicate significant resources to research and development efforts to deliver innovative market competitive products and avoid being reliant on third-party technology and products.

Issues in the development and deployment of AI may result in reputational harm and legal liability and could adversely affect our results of operations.

Some of our products contain 'open source' software, and any failure to comply with the terms of one or more of these open source licenses could negatively affect our business.

The company has a share repurchase program through which it may repurchase shares of its common stock in an aggregate amount of up to $3 billion with no fixed expiration.

On January 30, 2025, we announced a cash dividend of $0.125 per share of common stock to be paid in March 2025.

On January 28, 2025, we acquired all the outstanding shares of a technology-enabled personal finance education and recommendation platform for an aggregate purchase price of $85 million in cash.

The focus from regulators, customers, certain investors, employees, and other stakeholders concerning environmental, social and governance (ESG) matters and related disclosures.

Government efforts to combat inflation, along with other interest rate pressures arising from an inflationary economic environment, have led to and may continue to lead to higher financing costs.

As a global company, our results of operations and cash flows may be influenced by global macroeconomic conditions, including, but not limited to, foreign currency exchange rate fluctuations, the impact of interest rate fluctuations, inflation, geopolitical conflicts and/or pressures, including the unknown impacts of current and future trade regulations, instability in the global banking sector, economic slowdown and recession risks, any of which may persist for an extended period.

As a global company, our results of operations and cash flows may be influenced by global macroeconomic conditions, including foreign currency exchange rate fluctuations, inflation, and geopolitical conflicts.

Government efforts to combat inflation, along with other interest rate pressures arising from an inflationary economic environment, have led to and may continue to lead to higher financing costs.

Changes to our effective tax rate, including through the adoption of new tax legislation or exposure to additional income tax liabilities, could increase our income tax expense and reduce (increase) our net income (loss), cash flows and working capital.