Reglikedomain industry desk

Tucows shares rocket to $3.00 on earnings, fresh TLD deal

Tucows shares rocket to $3.00 on earnings, fresh TLD deal

Deal with Donuts bolsters Q3 earnings.

TucowsShares of Tucows (NYSE AMEX:TCX, TSX:TC) shot up 15% to $3.00 in following hours trading following the firm disclosed third quarter earnings.

The firm got a big cash boost from its deal with Donuts to withdraw its applications for the .marketing and .media top level domain name applications.

Although the exact dollar figure of the deal was not disclosed in the earnings release, there’s a huge jump in the firm’s “portfolio” line item. Last quarter the firm pulled in $4.167 million in portfolio revenue, which includes the revenue from the Donuts deal. In Q2 this line item was just $1.079 million, and in Q1 it was $1.134 million.

It’s entirely possible that Tucows received regarding $3 million to settle the contention sets, as this would be in line with the results from private auctions.

Also on the wire

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