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VeriSign Inc. (symbol: VRSN) is a global leader in domain names and internet security, playing a pivotal role in enabling internet navigation for many of the world’s most recognized domain names. The company ensures the security, stability, and resiliency of key internet infrastructure and services, including the crucial .com and .net top-level domains. VeriSign operates two of the internet’s root servers and performs the root zone maintainer function for the core of the internet's domain name system (DNS).
As the sole authorized registry for several generic top-level domains, VeriSign plays a critical role in the management and operation of these domains, ensuring they run smoothly and securely. Their services include distributed denial of service (DDoS) protection and managed DNS, providing robust security solutions for websites and enterprises across the globe.
In 2018, VeriSign sold off its Security Services business, refocusing on its core registry business. This strategic move highlights the company’s commitment to strengthening and expanding its core operations. VeriSign's infrastructure supports the domain name system by operating some of the world's most essential internet servers, which are fundamental to internet traffic routing.
To learn more about what it means to be powered by VeriSign, you can visit their website at verisign.com. Here, you can find comprehensive information about their services, partnerships, financial condition, recent achievements, and current projects. VeriSign continues to be a significant player in the realm of internet infrastructure, providing essential services that underpin the internet's functionality and security.
Stay updated with the latest news and developments related to VeriSign Inc. to understand more about their impact on the internet and their ongoing projects aimed at enhancing global internet security and navigation.
VeriSign reported that domain name registrations reached 362.3 million across all top-level domains (TLDs) in Q3 2024, showing a slight decrease of 0.1 million (0.05%) quarter-over-quarter but an increase of 3.0 million (0.8%) year-over-year. The .com and .net domains totaled 169.6 million registrations, declining by 1.1 million (0.6%) from Q2 2024 and 4.4 million (2.5%) year-over-year. Country-code TLDs reached 140.1 million, growing marginally by 0.1 million quarter-over-quarter and 2.0 million (1.4%) year-over-year.
Verisign (NASDAQ: VRSN) reported its Q3 2024 financial results with revenue of $391 million, up 3.8% year-over-year. Operating income reached $269 million, while net income was $201 million with diluted EPS of $2.07. The company ended Q3 with 169.6 million .com and .net domain registrations, showing a 2.5% decrease from Q3 2023. Cash, cash equivalents, and marketable securities stood at $645 million. During the quarter, Verisign repurchased 1.7 million shares for $301 million and processed 9.3 million new domain registrations. The .com and .net renewal rate was 72.7%, down from 73.4% in the same quarter last year.
VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, has announced its third quarter 2024 earnings call schedule. The call will take place on Thursday, Oct. 24, 2024, at 4:30 p.m. (EDT). The earnings news release will be distributed to wire services at approximately 4:05 p.m. (EDT) on the same day and will also be available on the company's investor relations website.
Investors can access the live teleconference call via direct dial at (888) 676-VRSN (U.S.) or (786) 789-4797 (international), using the conference ID: Verisign. Additionally, a listen-only live webcast of the earnings conference call will be available on the company's investor relations website. An audio archive of the call will be accessible for those unable to attend live.
VeriSign's Domain Name Industry Brief Quarterly Report reveals that the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged from Q1 2024 but up 1.6% year-over-year. The .com and .net TLDs had a combined total of 170.6 million registrations, decreasing by 1.1% from Q1 2024 and 2.2% year-over-year. New .com and .net registrations totaled 9.2 million, down from 10.2 million in Q2 2023. Country-code TLD (ccTLD) registrations reached 140.0 million, increasing 0.3% from Q1 2024 and 2.2% year-over-year. The top ccTLDs were .cn, .de, .uk, .ru, and .nl.
VeriSign, Inc. (NASDAQ: VRSN) reported its Q2 2024 financial results, showing solid growth. Revenue increased 4.1% year-over-year to $387 million. Operating income rose to $266 million, up from $249 million in Q2 2023. Net income reached $199 million, with diluted EPS of $2.01, compared to $186 million and $1.79 in the same quarter last year.
The company ended Q2 2024 with $690 million in cash and marketable securities. Cash flow from operations was $160 million. Verisign repurchased 2.2 million shares for $388 million and received board approval for an additional $1.11 billion in share repurchases.
The domain name base decreased by 2.2% year-over-year to 170.6 million .com and .net registrations. New domain name registrations were 9.2 million, down from 10.2 million in Q2 2023. The Q1 2024 renewal rate was 74.1%, slightly lower than the previous year's 75.5%.
VeriSign (NASDAQ: VRSN) reported that the global number of domain name registrations reached 362.4 million by the end of Q1 2024, a 0.7% quarterly increase and a 2.1% year-over-year rise. The combined .com and .net TLDs saw a slight decline, totaling 172.5 million registrations, which is a 0.2% decrease from Q4 2023 and a 1.3% drop year-over-year. Specifically, .com domains totaled 159.4 million, while .net domains stood at 13.1 million. New .com and .net registrations decreased to 9.5 million in Q1 2024 from 10.3 million in Q1 2023. Country-code TLDs (ccTLDs) grew by 0.9% quarterly and 2.7% year-over-year, reaching 139.5 million. The top ccTLDs included .cn, .de, and .uk. The DNIB Quarterly Report has been expanded to include new statistics on renewal percentages and detailed analyses of various TLDs.
Verisign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, announced its second-quarter 2024 financial results will be released on July 25, 2024. The earnings news release will be distributed at approximately 4:05 p.m. (EDT) and will be available on the company’s website. Following the release, Verisign will host an earnings call at 4:30 p.m. (EDT), which can be accessed via direct dial or a live webcast. An audio archive of the call will be available afterward on Verisign’s investor relations website.
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