Reglikedomain industry desk

Verisign notes $288 million revenue, 0.9 million growth to domain base

Revenue up, but fresh registrations down from a year ago.

Verisign (NYSE:VRSN) noted third quarter earnings following the bell today.

The firm noted revenue of $288 million for the third quarter, up 8.2% from Q3 2015. Net income was $114 million, up from $92 million in the same quarter a year ago.

Verisign processed 8.3 million fresh .com and .net registrations during the quarter. This is down from 9.2 million in the same quarter a year ago. The quarter a year ago was inflated by China’s sudden appetite for domain names.

Following accounting for deletions, 0.9 million domain names were added to the total base of .com and .net domain names during the quarter. This was within the firm’s target of 0.5 to 1.0 million.

It’s possible this number will swing negative in Q4 2016 as domain names registered by Chinese domain name investors come due for renewal. [Update: in fact, Verisign is predicting a drop.]

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