Reglikedomain industry desk

Jumps 38.5% in Q3 — Namecheap revenue

Jumps 38.5% in Q3 — Namecheap revenue

Revenue keeps surging ahead at Namecheap.

Picture of stock chart with the words earnings note

Privately-held domain name registrar Namecheap has more to celebrate this year than just its 20th anniversary.

The firm saw 38.5% revenue growth in Q3 2020 compared to Q3 2019, the firm disclosed to Reglike. Q3 revenue clocked in at $51.7 million.

Year-to-date revenue is $146.5 million, up 33% from the same period in 2019.

Like many of its peers, Namecheap experienced a surge in registrations as people shifted their business strategies online due to the pandemic. Net domains under management increased by 653,000 in Q3, bringing the total to 12 million. 324,000 fresh clients signed up during the quarter, a 62% increase over the same period last year. 859,000 fresh clients registered at Namecheap so far this year, which represents a 59% increase from last year.

Namecheap CEO Richard Kirkendall told Reglike, “Namecheap continues to invest these earnings into our product and platform improvements to bring more value and a richer experience to our clients every day.”

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