Verisign Announces Last Year's Earnings, $1.49 Billion in Domain Name Revenue!

Industry Information 20 Feb 2024 11:02:05 AM By:DN editor
Abstract:

Verisign (NASDAQ stock code: VRSN) released its fourth-quarter financial report for 2023 yesterday, showing a significant decrease in domain registrations. The company's new registrations for .com and .net domains this quarter were 9 millio

The Chinese domain market plays a significant role globally. However, in recent years, there has been a slight decline in the Chinese domain market, leading to a sharp contraction in Verisign's domain market. Although changes in the Chinese market have impacted the domain market, the decline in domain registrations cannot be solely attributed to China.

Verisign (NASDAQ stock code: VRSN) announced its financial results for the fourth quarter of 2023 yesterday, revealing a significant decrease in domain registrations. The company's new registrations for .com and .net domains this quarter were 9 million, lower than the 9.7 million in the same period last year and the 9.9 million in the third quarter of 2023.

The total number of .com and .net domains decreased by 1.2 million this quarter, falling to 172.7 million. This is also lower than the 173.8 million domains at the end of 2023.

The primary reason for the decline is the substantial decrease in China. In 2023, the company lost 2.2 million domains managed there. Therefore, without this sharp decline, Verisign's domain base would have grown last year.

Looking ahead to 2024, the company expects the domain base to decrease by up to 1 million domains or increase by as much as 1 million.

However, Verisign's revenue has not declined, reaching $1.49 billion, with company operating income hitting $1 billion, surpassing $1 million per employee.

RELATED TAGS

Domain Revenue Verisign

Domain Market Update, Bankruptcy Auctions and High Value Resale Transactions

Domain Market Update, Bankruptcy Auctions and High Value Resale Transactions

The past two weeks in the domain name secondary market have seen some compelling sales stories. The bankruptcy auction frenzy resulted in over $400,000 in sales and LegalBrandMarketing founder Braden Pollock turned a $15,000 investment

Industry Information 27 Sep 2024 10:33:26 AM

Luxury brand Falcons acquires Falcons.com for $400,000

Luxury brand Falcons acquires Falcons.com for $400,000

Falcons.com is a special word .com domain name that means “falcon, falcon” in Chinese. Long owned by Future Media Architects (FMA), the brokerage announced in a post on X on September 26 that Falcons.com had been sold for $400,000

Industry Information 26 Sep 2024 10:32:07 AM

Facebook startup Meta acquires Threads.com domain name

Facebook startup Meta acquires Threads.com domain name

Last July, Meta (formerly Facebook) launched a social networking service to compete with Twitter (now known as X). The service is branded as Threads, and the company uses the Threads.net domain as its platform.Threads.com is owned by

Industry Information 25 Sep 2024 10:13:23 AM

Shocker! Rocket Word Domain Name Rocket.com Sold for Millions of Dollars!

Shocker! Rocket Word Domain Name Rocket.com Sold for Millions of Dollars!

In early September, it was revealed that the word domain name Rocket.com for rocket was sold for millions of dollars in what some believe could be one of the most expensive domain sales ever, a deal reportedly brokered by HilcoDigital

Industry Information 24 Sep 2024 02:37:27 PM

Super.net Sells for High Price! $150,000 Sold for Nearly 10x ROI!

Super.net Sells for High Price! $150,000 Sold for Nearly 10x ROI!

Just recently, Braden Pollock sold Super.net for $150,000 (roughly Rs. 1,050,000), a domain name registered in May 1993 and acquired for $15,556 (roughly Rs. 110,000) on Snapnames in July. That's a return on investment of almost 10 times

Industry Information 24 Sep 2024 11:07:36 AM

One word domain HardHats.com may have been sold

One word domain HardHats.com may have been sold

First Place® Internet, Inc. operates a series of historic premium domain names, one of which, HardHats.com, has recently undergone a change. The domain, which has been registered since 1996, has now changed registrars and updated WHOIS

Industry Information 23 Sep 2024 02:11:55 PM

Verisign Announces Last Year's Earnings, $1.49 Billion in Domain Name Revenue!