2024-04-11 09:13:19 ET
"The ARPU (average rate per user) versus subscriber growth formula has tilted toward all subs growth in our view, since almost all the subscriber growth is currently coming from lower-ARPU subscribers like Avast, Avira and Mobile – so the headwind we started to see on ARPU last quarter will likely last into FY25, by our estimates," said Barclays analyst Saket Kalia and others in a detailed note Thursday.
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Gen Digital downgraded; Intapp, others unchanged as earnings approach: Barclays