Verisign's fourth-quarter revenue rises 4% on steady demand for new domain names

VeriSign,

06/02/2025 22:01

Feb 6 (Reuters) - Internet services company VeriSign
 VRSN.O  reported a 3.9% rise in fourth-quarter revenue on
Thursday, fueled by steady demand for domain registrations as
businesses amplify their online presence, sending its shares 1%
higher in extended trading.
    An increasing number of businesses are expanding their
digital presence by acquiring and renewing domain names to reach
a wider online audience, benefiting domain registry service
providers such as VeriSign.
    VeriSign primarily manages the domain-name registries for
two of the internet's most valuable domains, .com and .net, and
also operates two of the world's 13 global internet root
servers.
       The company reported revenue of $395.4 million for the
fourth quarter ended December 31, about 4% higher than the
$380.4 million reported a year ago.
  
    The Reston, Virginia-based company posted a profit of $2 per
share for the quarter, down from $2.60 per share it reported in
the same period last year.
    VeriSign processed 9.5 million new domain name registrations
for .com and .net in the fourth quarter, compared to 9 million a
year ago. 

 (Reporting by Priyanka.G and Akash Sriram in Bengaluru; Editing
by Mohammed Safi Shamsi)
 ((Priyanka.G@thomsonreuters.com;))