Record Financial Performance:
-
Inc. reported record
bookings of
$1.2 billion and
revenue of
$1.26 billion for Q1 2026,
up 32% year-over-year for bookings and
30% for revenue on a reported basis.
- Growth was driven by strong demand across sectors, including a
45% growth in MoneyLion's revenue post-acquisition.
Cyber Safety Platform and Trust-Based Solutions:
- The Cyber Safety Platform represented
2/3 of Q1 revenue and grew
11% reported and
4% when normalizing for the extra week, while Trust-Based Solutions grew over
100% reported and
25% pro forma.
- Growth in Cyber Safety was driven by increased adoption of comprehensive membership offerings, and Trust-Based Solutions benefited from strong LifeLock performance and MoneyLion integration.
MoneyLion Acquisition and Integration:
- MoneyLion contributed
16 points to Gen's overall growth, with Q1 pro forma revenue up
45% since acquisition.
- The integration included successful core infrastructure alignment and a strong launch of the MoneyLion marketplace, enhancing Gen's financial wellness offerings.
AI and Innovation Strategy:
- Gen's AI innovations, such as expanding AI-driven scam protection, contributed to strong customer engagement and utility.
- The focus on AI-driven innovation reflects a strategic shift to enhance product offerings and customer protection, positioning Gen for sustained growth.
Comments
No comments yet