Reglikedomain industry desk

Web.com misses revenue target, purchases UK online directory firm

Web.com misses revenue target, purchases UK online directory firm

Web.com’s Q2 revenue numbers don’t hit firm’s target.

Web.comWeb.com, which owns Network Solutions, Register.com and SnapNames, released earnings following the bell today.

GAAP revenue for the second quarter was $138.2 million. Adjusted revenue was $144.7 million. Although that’s up 10% year-over-year, it’s below the firm’s guidance range of $146.0 million to $147.5 million.

The firm added 38,500 subscribers last quarter.

The earnings press release does not mention the number of registered domain names. It will be interested to hear if registration numbers are discussed on the earnings call this afternoon; the number would be inflated by free .xyz registrations.

Web.com also disclosed the buyout of Scoot today. With over 400 websites, Scoot is the largest online only business directory network in the United Kingdom.

Also on the wire

Other reporting from the domain desk.

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