Continues to grow at Tucows, helped by expired domain sales — Domain revenue

All domain segments are growing, and expired domain revenue continues to grow.

Tucows noted Q2 earnings this afternoon.

Overall, the firm’s revenues increased 10% year-over-year to $98.4 million.

In the domains business, revenue increased 8% to $67.6 million, and gross profit expanded 14% to $21.6 million. Adjusted EBITDA increased 12% to $12.5 million.

Both the wholesale and retail segments of Tucows’ domain business grew.

Expired domain sales continued to lift the domain business, with the firm’s Value-Added Services segment growing 32% year-over-year to $5.3 million in the quarter. This echoes GoDaddy’s strong quarter in the aftermarket, where Tucows sells most of its expired domains.

Total domains under management, inclusive of domains under other firms’ registrar accreditations that are managed on Tucows platforms, continued to decline. They are down regarding 500,000 domains to 24 million year-to-date. Tucows stated the drop is mainly explained by one reseller moving some of its domains in-house.