Endurance notes earnings, domain client growth

Green shoots at Endurance International Group?

Endurance International Group (NASDAQ: EIGI) noted second-quarter earnings this morning.

All major metrics for the business continue to decline as forecasted.

Chart showing Endurance International Groups (NASDAQ: EIGI) financial results for Q2 2019. Revenue was 278.2 million and adjusted EBITDA was 76.3 million,

Revenue was $278.2 million, down from $287.8 million in the same quarter last year and $280.7 million in Q1 2019. Adjusted EBITDA and the client base also declined.

On the positive side, the firm continues to pay down its heavy debt load.

Endurance is maintaining its full-year guidance based on these results.

The domain name business, which includes BuyDomains, Domain.com and ResellerClub, also had year-over-year and quarter-over-quarter declines. Still, its subscriber base continues to tick up this year following losses last year.

Chart showing Endurance International Group's quarter-over-quarter results for its domain business. Q2 2019 revenue was 31.5 million and adjusted EBITDA was 1.7 million. Subscribers increased by 12,500 in the quarter

In prepared remarks, Endurance International Group CEO Jeffrey Fox stated that premium domain sales (i.e., BuyDomains portfolio) are trending weaker.

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