Rightside posts profit, gets $7.2 million from withdrawing fresh TLDs
Rightside posts profit and gets big haul from withdrawing fresh top level domain name applications.
Rightside released first quarter earnings following the bell today.
The firm posted an adjusted EBITDA of $0.6 million and a GAAP profit of $1.9 million.
Revenue from Registrar Services (i.e. eNom and Name.com) was $42.0 million, up from $37.5 million in the same quarter last year. Registry Services (i.e. fresh top level domains and backend services) revenue was $1.6 million, up from just $42,000 in the same quarter last year.
Rightside previously noted Registrar and Registry services as a combined line item. The combined $43.6 million in Q1 tops the previous quarter’s $43.2 million.
Aftermarket revenue was $7.3 million, up from $7.0 million in Q1 2014 but down from $8.6 million in Q4 2014.
The firm pocketed $7.2 million from withdrawing its fresh top level domain name applications.
Name.com is doing well with revenue growth of 30%. So far this year, 15% of Name.com’s fresh registrations are from fresh top level domain names. These have an average selling price of three times what Name.com gets from “legacy” domains. Name.com is proving to be a smart buyout as it provides a good channel for Rightside’s own top level domain names.
