The antivirus company Avast increased its operating EBITDA by 2.5 percent to $367.3 million in three quarters. Revenues rose 7.3 percent and 1.9 percent to $659.1 million.
The Group confirmed its full-year outlook, with adjusted sales at the upper end of the average single-digit growth. According to Avast, the Board of Directors is aware of the potential macroeconomic risks arising from the pandemic and closely monitor key markets’ impact. However, confidence in the soundness of the business and market opportunities supported by structural growth remain.
“During the pandemic, the activities of cybercriminals trying to exploit vulnerabilities have increased. We have continuously been vigilant and fought against them in the first place to protect people’s data and privacy. The value of Avast’s services and technologies is reflected in our company’s growing financial performance. , which is also supported by continued investments in further growth and innovation,” said Avast CEO Ondřej Vlček.
According to Avast representatives, the consumer computer segment continued to perform well, which is in line with pre-pandemic values. In addition to innovation-based growth, the company continues to optimize customer engagement strategies, including a greater focus on one-year subscriptions that motivate customers to use products over the long term.
Avast was founded in 1988 by Czech researchers Eduard Kučera and Pavel Baudiš. The company is one of the pioneers in the field of computer security. In 2016, Avast bought the competing Czech antivirus company AVG. Avast is the second-largest antivirus company in the world after Symantec in terms of sales.