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Radix Reports Record Half-Year Revenue for Premium Domains, Sales Top $5 Million
Industry Information
04 Sep 2024 09:42:26 AM
Abstract:
Radix has released its latest semi-annual report on premium domain sales performance across the 10 top-level domains managed by the registry operator. Its H1 2024 premium domain report details how Radix realized $5.16 million in total
Radix has released its latest semi-annual report on premium domain sales performance across the 10 top-level domains managed by the registry operator. Its H1 2024 premium domain report details how Radix realized $5.16 million in total premium retail revenue - their best 6-month cycle to date!
This figure includes $3.83 million in premium retail renewal revenue. This is also a 12% increase over the same period in 2023. .Tech is Radix's highest grossing TLD with $1.58 million in total revenue. The chart below shows Radix's continued growth in premium revenue over the past four years:
The chart below focuses only on revenue from new premium registrations, and from that perspective, .tech is once again the leading TLD with $413,906 in volume, followed by .online and .store with $218,642 in volume.
The outlook for premium domain renewal revenue (as shown in the chart below) is equally bright, with 62% of premium domains renewed after their initial term, 72% of premium domains renewed for a second time, and 84% of premium domains renewed for a third and subsequent time.
In recent years, market volatility has increased and the revenues of many businesses and individuals have declined, which has made them less interested in purchasing domain names. The market demand for generic domain names has correspondingly declined, as people are more inclined to invest their money in areas that offer more tangible benefits. It makes sense, therefore, that the volume of premium domain names is on the rise. This shows that the market still favors premium domain names, which not only have investment value, but can also be used practically.
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