Reglikedomain industry desk

DUMs up over 5% at Verisign — Revenue and

DUMs up over 5% at Verisign — Revenue and

Verisign turns in another predictable quarter.

Picture of stock chart with the words earnings note

Verisign (NASDAQ: VRSN) noted earnings following the bell today.

Q3 2021 revenue was up 5.1% year over year to $334 million. Net income came in at $157 million. That’s down from $171 million in the same quarter last year but up $10 million following accounting for an unrecognized tax gain in Q3 2020.

.Com and .net domains under management (DUMs) increased 5.1% year over year to 172.1 million. Clients registered 10.7 million fresh .com and .net domains during the quarter, down from 10.9 million in the same quarter of 2020. Remember that domain registrations were booming a year ago as firms moved online due to the pandemic. DUMs increased by 1.48 million during the quarter following accounting for deletions.

Verisign raised the price to register and renew .com domains by 7% on September 1. That increase will start to juice margins as the firm recognizes revenue from registrations and renewals made following August.

Also on the wire

Other reporting from the domain desk.

DServicesDonuts extends brand protection offeringIs Converging the Domain Ecosystem — Thought ConvergenceServicesIs Converging the Domain Ecosystem — Thought ConvergenceNServicesName conferences on tap for September — Two domainFresh Atom app makes it easier to respond to domain offersServicesFresh Atom app makes it easier to respond to domain offersGServicesGoes to the Bahamas in March — Domain RoundtableDown payment option for lease to own — Squadhelp addsServicesDown payment option for lease to own — Squadhelp addsVerisign won’t raise .com prices this year: BreakingServicesVerisign won’t raise .com prices this year: BreakingAtallah, Alexander: Headliners added to NamesConServicesAtallah, Alexander: Headliners added to NamesConTServicesTLDH: we’ll sign our first fresh TLD contracts by end of Q1 2014