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Namecheap notes 36% revenue growth in Q1

Namecheap notes 36% revenue growth in Q1

Domain registrar and hosting firm notes continued strong growth in the first quarter of 2021.

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Privately held domain name registrar Namecheap revealed its Q1 results to Reglike today.

The firm generated over $62 million in revenue in the first quarter of 2021, up 36% from its results in the same quarter last year.

The firm added 665,000 domains under management last quarter, taking its total domains under management to over 13.26 million. That’s up 2.53 million (24%) since Q1 2020.

Client growth continues at a fast clip. Namecheap added 390,000 fresh clients in Q1 2021, a 79% increase over the same period last year. This follows 1.1 million fresh clients last year, so the fast growth continues. The firm notes that it has seen significant growth across its product portfolio, counting in its hosting, email, security certificates, and Managed WordPress products, amongst others. 

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