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Sep 30, 2024

Verisign Q3 2024 Earnings Report

Verisign reported a revenue increase of 3.8% year-over-year, with operating income, net income, and EPS also showing positive growth.

Key Takeaways

Verisign reported Q3 2024 results with revenue of $391 million, a 3.8% increase from Q3 2023. Operating income rose to $269 million, and net income reached $201 million, with EPS at $2.07.

Revenue increased by 3.8% compared to the same quarter in 2023, reaching $391 million.

Operating income increased to $269 million, up from $254 million in the same quarter of the previous year.

Net income increased to $201 million, compared to $188 million for the same quarter of 2023.

Diluted earnings per share (EPS) increased to $2.07, compared to $1.83 for the same quarter of 2023.

Total Revenue
$391M
Previous year: $376M
+3.8%
EPS
$2.07
Previous year: $1.83
+13.1%
.com and .net domains
169.6M
Previous year: 173.9M
-2.5%
New .com and .net domains
9.3M
Previous year: 9.9M
-6.1%
Gross Profit
$344M
Previous year: $328M
+4.9%
Cash and Equivalents
$267M
Previous year: $158M
+69.5%
Free Cash Flow
$248M
Previous year: $217M
+14.4%
Total Assets
$1.46B
Previous year: $1.7B
-13.8%

Verisign

Verisign

Forward Guidance

No specific forward guidance was provided in the press release.