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Mar 31, 2024

Verisign Q1 2024 Earnings Report

Verisign's financial performance remained consistent with solid results in Q1 2024.

Key Takeaways

Verisign reported revenue of $384 million for the first quarter of 2024, a 5.5% increase compared to the same quarter in 2023. The company's operating income was $259 million, and net income reached $194 million, with diluted EPS of $1.92.

Revenue increased by 5.5% year-over-year to $384 million.

Operating income rose to $259 million, compared to $241 million in the same quarter of the previous year.

Net income was reported at $194 million, with diluted EPS at $1.92.

The company processed 9.5 million new domain name registrations for .com and .net.

Total Revenue
$384M
Previous year: $364M
+5.5%
EPS
$1.92
Previous year: $1.7
+12.9%
.com and .net domains
172.5M
Previous year: 174.8M
-1.3%
New .com and .net domains
9.5M
Previous year: 10.3M
-7.8%
Gross Profit
$335M
Cash and Equivalents
$732M
Previous year: $820M
-10.7%
Free Cash Flow
$254M
Total Assets
$1.73B

Verisign

Verisign

Forward Guidance

The report does not contain any forward guidance.