Gen Digital CEO Sees MoneyLion Acquisition Expanding Customer Base -- Market Talk
Dow Jones
May 08, 2025
1333 ET - Gen Digital CEO Vincent Pilette says the acquisition of personal finance platform MoneyLion will accelerate revenue growth in the second half of the year and expand the company's customer base in the long-term. Gen guided for sales growth of 5% to 7% in F1Q, which will accelerate for full-year growth of 6% to 8% as Gen's existing customers sign on to MoneyLion's offerings, Pilette says in an interview. In the long term, MoneyLion's offerings will also attract new customers at earlier stages of their financial lives, Pilette says. The platform's offerings appeal to customers working to build their credit, not just protect it, he says.(kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 07, 2025 13:33 ET (17:33 GMT)
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