DNIB.com Reports Internet Has 362.4 Million Domain Name Registrations at the End of the Second Quarter of 2024

Rhea-AI Summary

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.

Positive

• Total domain name registrations increased by 5.8 million (1.6%) year-over-year
• Country-code TLD registrations grew by 3.0 million (2.2%) year-over-year

Negative

• .com and .net TLDs decreased by 3.8 million registrations (2.2%) year-over-year
• New .com and .net registrations declined from 10.2 million in Q2 2023 to 9.2 million in Q2 2024

Insights

Financial Analyst

As a Financial Analyst, I find this report on domain name registrations to be mildly impactful for VeriSign (NASDAQ: VRSN). The data shows some concerning trends that investors should note:

• The total domain name registrations across all TLDs remained unchanged quarter-over-quarter, indicating stagnation in the market.
• The combined .com and .net registrations decreased by 1.1% compared to the previous quarter and 2.2% year-over-year, suggesting a potential slowdown in VeriSign's core business.
• New .com and .net registrations totaled 9.2 million, down from 10.2 million in the same quarter last year, a 9.8% decrease.

These figures may indicate challenges for VeriSign's revenue growth in the near term. However, the overall market still shows a slight year-over-year growth of 1.6%, which could provide some stability. Investors should closely monitor VeriSign's upcoming financial reports to assess the impact of these trends on the company's bottom line and future growth prospects.

Tech Expert

From a technological perspective, the Domain Name Industry Brief reveals interesting shifts in the digital landscape. The stagnation in overall domain registrations and the decline in .com and .net domains could be indicative of broader trends:

• The rise of alternative web presence platforms like social media and mobile apps may be reducing the need for traditional domain names for some businesses and individuals.
• Emerging technologies such as blockchain-based domains and decentralized web solutions could be starting to impact the traditional domain name market.
• The increase in ccTLD registrations (2.2% year-over-year) suggests a growing preference for country-specific domains, possibly driven by localization efforts and data sovereignty concerns.

While the domain name system remains a critical part of internet infrastructure, these trends highlight the evolving nature of online presence and identity. VeriSign and other players in this space may need to innovate and diversify their offerings to maintain growth in an increasingly complex digital ecosystem.

RESTON, Va.--(BUSINESS WIRE)-- VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that, according to the latest Domain Name Industry Brief Quarterly Report from DNIB.com, the second quarter of 2024 closed with 362.4 million domain name registrations across all top-level domains (TLDs), unchanged compared to the first quarter of 2024. Domain name registrations increased by 5.8 million, or 1.6%, year over year.

The .com and .net TLDs had a combined total of 170.6 million domain name registrations in the domain name base at the end of the second quarter of 2024, a decrease of 1.8 million domain name registrations, or 1.1%, compared to the first quarter of 2024. The .com and .net TLDs had a combined decrease of 3.8 million domain name registrations, or 2.2%, year over year. As of June 30, 2024, the .com domain name base totaled 157.6 million domain name registrations and the .net domain name base totaled 13.0 million domain name registrations.

New .com and .net domain name registrations totaled 9.2 million at the end of the second quarter of 2024, compared to 10.2 million domain name registrations at the end of the second quarter of 2023.

Total country-code TLD (ccTLD) domain name registrations were 140.0 million at the end of the second quarter of 2024, an increase of 0.4 million domain name registrations, or 0.3%, compared to the first quarter of 2024. ccTLDs increased by 3.0 million domain name registrations, or 2.2%, year over year. The top 10 ccTLDs, as of June 30, 2024, were .cn, .de, .uk, .ru, .nl, .br, .au, .fr, .in and .eu.

Information about the statistical methodology used in creating the Domain Name Industry Brief Quarterly Report and DNIB.com’s dashboards is available here.

About DNIB.com

DNIB.com, sponsored by Verisign, provides global statistical and analytical research and data on the domain name industry, plus analyses of key policy, security, and technology trends. The latest Domain Name Industry Brief Quarterly Report, previous reports, and interactive dashboards with expanded domain name industry data are all available at DNIB.com.

About Verisign

Verisign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, enables internet navigation for many of the world’s most recognized domain names. Verisign helps enable the security, stability, and resiliency of the Domain Name System and the internet by providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. To learn more please visit verisign.com.

VRSN

© 2024 VeriSign, Inc. All rights reserved. VERISIGN, the VERISIGN logo, Domain Name Industry Brief, and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. All other trademarks are property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240725993456/en/

Investor Relations: David Atchley, datchley@verisign.com, + 1 703-948-3447

Media Relations: Dave McGuire, davmcguire@verisign.com, + 1 703-948-3800

Source: VeriSign, Inc.

FAQ

How many domain name registrations were there at the end of Q2 2024 for VRSN?

According to VeriSign's report, there were 362.4 million domain name registrations across all top-level domains (TLDs) at the end of the second quarter of 2024.

What was the year-over-year change in .com and .net TLD registrations for VRSN in Q2 2024?

The .com and .net TLDs had a combined decrease of 3.8 million domain name registrations, or 2.2%, year-over-year as reported by VeriSign (VRSN).

How did country-code TLD registrations perform for VRSN in Q2 2024?

Country-code TLD (ccTLD) registrations reached 140.0 million, increasing by 0.4 million (0.3%) compared to Q1 2024 and by 3.0 million (2.2%) year-over-year.

What were the top 5 country-code TLDs as of June 30, 2024, according to VRSN's report?

The top 5 country-code TLDs as of June 30, 2024, were .cn, .de, .uk, .ru, and .nl, according to VeriSign's Domain Name Industry Brief Quarterly Report.