Reglikedomain industry desk

MMX notes $15.8 million billings in 2016

Firm doubles billings in 2016.

In a business update posted today, top level domain name firm MMX (London AIM: MMX) noted $15.8 million in billings for 2016. That’s double the billings the firm noted for 2015.

Renewal billings increased year-over-year by 116% to $3.8 million. The firm has a goal of getting to a point within the next 18 months at which renewal billings will cover ongoing firm expenditures, meaning each incremental sale will essentially be pure profit.

Thanks in part to the launch of .VIP, 59% of the firm’s billings last year were in China. The U.S. accounted for 24% and Europe 17%.

MMX will release one or two fresh TLDs this year, one of which will be .Boston.

More details regarding the firm’s 2016 results are contained in this investor brief.

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