AVASF - Avast Plc reports Q1 results; outlook

Avast Plc (AVASF): Q1 Adjusted EBITDA of $133.7M (+ 10.3% Y/Y).Revenue of $237.1M (+10.5% Y/Y)FY2021 guidance: The company has completed the disposal of the Family Safety mobile business on 16 April, which will be modestly earnings dilutive, will benefit reported growth rates over the balance of the year. As a result, for full year 2021 the Group now expects to deliver at the upper end of the six to eight percent organic Revenue growth guidance, with the Consumer Indirect segment likewise revised to low single-digit percent growth.Due to continued R&D and marketing investment, which is second half weighted, guidance for the Group's Adjusted EBITDA margin percent remains broadly flat versus FY 2020.Press Release

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Avast Plc reports Q1 results; outlook