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Jun 30, 2023
Verisign Q2 2023 Earnings Report
Verisign reported solid financial results and the renewal of the .net registry agreement.
Key Takeaways
Verisign reported a 5.7% increase in revenue, reaching $372 million. The company's operating income was $249 million, and net income was $186 million, with diluted EPS of $1.79.
Revenue increased by 5.7% compared to the same quarter in 2022.
Operating income rose to $249 million.
The .net Registry Agreement with ICANN was renewed, extending Verisign's role as the sole registry operator through June 30, 2029.
Verisign processed 10.2 million new domain name registrations for .com and .net.
Forward Guidance
Verisign will increase the annual registry-level wholesale fee for each new and renewal .net domain name registration from $9.92 to $10.91, effective Feb. 1, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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