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Jun 30, 2020
Verisign Q2 2020 Earnings Report
Verisign's Q2 2020 financial results were reported, showing revenue growth and strong domain name registrations.
Key Takeaways
Verisign reported a revenue increase of 2.6% compared to the same quarter in 2019, with a net income of $152 million and diluted EPS of $1.32. The company saw growth in .com and .net domain name registrations and extended the freeze on registry prices through March 31, 2021.
Revenue increased by 2.6% year-over-year to $314 million.
Net income reached $152 million, with diluted EPS at $1.32.
.com and .net domain name registrations grew by 3.8% year-over-year, reaching 162.1 million.
The company processed 11.1 million new domain name registrations for .com and .net.
Forward Guidance
Verisign has extended the freeze on registry prices for all of its Top-Level Domains, including .com and .net, through March 31, 2021. Additionally, Verisign announces the extension of the waiver of the wholesale restore fee for expired domains through the end of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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