Rightside notes $14.4 million revenue in Q1, fresh TLD revenue stalls

Firm has better-than-expected results in aftermarket segment but registry revenue isn’t budging.

Domain name firm Rightside (NASDAQ:NAME) noted $14.4 million revenue for Q1 2017 following divesting eNom.

Registry services revenue–that covers fresh top level domain names–increased 20% year over year. Still, it was down slightly from Q4 2016 ($3.18 million vs. $3.20 million). This is not a good sign for the part of the business that Rightside is banking on. The firm has forecast registry revenue of $50-$75 million per year within a few years.

This may have been impacted by the lack of fresh TLD launches, which tend to boost short-term revenue.

The firm got some uplift from its aftermarket business. It pulled in $4.3 million from this segment, which is regarding what it got in Q4 2016 and 40% less than Q1 2016. Still, the firm had predicted only $2.5 million to $3.5 million from the aftermarket in Q1 thanks to poor domain name parking results.

Rightside forecasts $58 million to $62 million revenue for the year. This will require a slight improvement for the remainder of the year.