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Jun 30, 2024

Verisign Q2 2024 Earnings Report

Verisign reported a solid quarter with revenue growth and strong operating income.

Key Takeaways

Verisign reported revenue of $387 million for the second quarter of 2024, a 4.1% increase compared to the same quarter in 2023. The company's operating income was $266 million, and net income reached $199 million, with a diluted EPS of $2.01.

Revenue increased by 4.1% year-over-year, reaching $387 million.

Operating income rose to $266 million, compared to $249 million in the same quarter of the previous year.

Net income was reported at $199 million, with a diluted EPS of $2.01.

The company ended the quarter with 170.6 million .com and .net domain name registrations.

Total Revenue
$387M
Previous year: $372M
+4.1%
EPS
$2.01
Previous year: $1.79
+12.3%
.com and .net domains
170.6M
Previous year: 174.4M
-2.2%
New .com and .net domains
9.2M
Previous year: 10.2M
-9.8%
Gross Profit
$340M
Cash and Equivalents
$252M
Previous year: $344M
-26.7%
Free Cash Flow
$151M
Total Assets
$1.51B

Verisign

Verisign

Forward Guidance

No forward guidance was provided in the press release.