Verisign Q2 2022 Earnings Report
Key Takeaways
Verisign reported a 6.8% increase in revenue to $352 million and a rise in net income to $167 million for Q2 2022. The company ended the quarter with 174.3 million .com and .net domain name registrations, despite a slight net decrease during the quarter.
Revenue increased by 6.8% compared to the same quarter in 2021, reaching $352 million.
Net income rose to $167 million, with diluted EPS of $1.54.
The company had 174.3 million .com and .net domain name registrations at the end of Q2 2022.
Verisign repurchased 2.0 million shares of its common stock for $349 million during the quarter.
Verisign
Verisign
Forward Guidance
Verisign announced that it will increase the annual registry-level wholesale fee for each new and renewal .net domain name registration from $9.02 to $9.92, effective Feb. 1, 2023.