Reglikedomain industry desk

Tucows notes slight revenue growth in domain business

Tucows notes slight revenue growth in domain business

Domain revenue increased 4% year over year, but fresh registrations declined as pandemic boost wanes.

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Domain name, internet access and mobile services firm Tucows (NASDAQ: TCX) noted earnings following the market closed this afternoon.

Overall, the firm tallied $75.1 million in revenue in Q2 2021. This number can’t easily be compared against last year since Tucows has since divested its mobile virtual network operator business.

On a segmented basis, Tucows noted slight growth in its domain business. The domain business grew 5% year over year to $62.3 million.

Total domains under management were up year over year but down slightly compared to Q1 as the pandemic bump starts to fade. Clients registered regarding 340,000 fewer fresh domains in Q2 of this year than in Q2 of 2020. The domain market started to lift in Q2 2020 as businesses shifted to online business models.

Full quarterly information is available here.

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