Avast ups EBITDA to Kc11.6bn in 2021

Prague, Feb 25 (CTK) - Cybersecurity firm Avast saw its adjusted operating profit EBITDA rise by 4.5 percent to USD517.6m (about Kc11.6bn) in 2021, its revenues growing by 5.4 percent to USD941.1m (over Kc21bn), the firm said in a press release today.

Avast also said the effective date of the merger with NortonLifeLock was expected to be April 4.

Revenues from direct sales to consumers grew by 11.1 percent to USD811.2m, which represents organic growth of 9.4 percent.

Billings increased by 2.9 percent to USD948.4m and adjusted fully diluted earnings per share rose by 7.8 percent to USD0.37.

Average Revenue Per Customer (ARPC) increased 8.4 percent to USD49.44. Each customer used 1.43 Avast products on average.

Customer numbers remained broadly flat at 16.36 million in comparison with the previous year despite two-digit growth in some regions.

Last September, Avast successfully launched its new innovative integrated solution Avast One. "It combines (1) security: the company's award-winning antivirus technology; (2) privacy: extensive protection in the form of a Virtual Private Network for regular browsing use, and identity protection through our data breach monitoring service; and (3) performance: firewall and software updater feature to protect people from using outdated software and supply chain attacks," the firm said.

Avast, set up by Czech engineers Eduard Kucera and Pavel Baudis in 1988, is a trailblazer in cybersecurity. In 2016, it bough rival Czech antivirus company AVG. In terms of sales, Avast is the second largest cybersecurity company in the world after Symantec.

tam/er