Avast posts an 8.8% increase in Q1-3 revenue to USD 704m In the third quarter of 2021

Published: 27.10.2021 Related countries:  U.S.A. U.S.A.

Avast posted a 3% increase in revenue to USD 232.7m, according to its quarterly financial results report. This year, revenue increased to USD 704m (up 8.8% organically).

Adjusted EBITDA grew 0.8% to USD 127m in Q3 and 8.1% to USD 397.1m for this year. The adjusted EBITDA margin totalled 56.4%. The company said the main Consumer Direct segment had approximately the same results as expected. In other segments, growth was slighter. Avast further confirmed its outlook for 2021, counting on a 6% to 8% increase in revenue and roughly the same percentage for the adjusted EBITDA margin.

Source: CIA News, www.cianews.cz.

Prepared by the team of CzechTrade office in New York.