Reglikedomain industry desk

.com contract extension with ICANN — Verisign inks

.com contract extension with ICANN — Verisign inks

The six-year extension includes automatic price increases.

Picture of a laptop, cup of coffee, and basil plant with the word .com over a green background

Verisign (NASDAQ: VRSN) disclosed today that it has signed a contract extension with ICANN to operate the .com top level domain name.

The six-year contract allows ICANN to increase the price of .com domain names by 7% in the last four years of the contract renewal. This means prices ought to remain $10.26 in 2025 and 2026 ahead of being eligible for 7% increases in the next four years.

Verisign has consistently increased .com prices to the maximum permitted under the contract. This means wholesale .com prices will likely rise to $13.42 by the conclusion of the term.

Shares in Verisign are up 5% today at regarding noon ET, suggesting that investors were concerned the contract might not be renewed with these terms.

The full SEC document announcing the contract extension is available here.

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