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Dec 31, 2020
Verisign Q4 2020 Earnings Report
Verisign's Q4 2020 financial performance reflected revenue growth and solid net income.
Key Takeaways
Verisign reported a 3.1% increase in revenue to $320 million for Q4 2020. Net income was $157 million, with diluted EPS of $1.38. The company ended the year with $1.17 billion in cash, cash equivalents, and marketable securities.
Revenue increased by 3.1% year-over-year to $320 million.
Net income reached $157 million, with diluted EPS at $1.38.
The company repurchased 0.8 million shares of common stock for $170 million.
The .com and .net domain name base grew by 4.0% year-over-year, reaching 165.2 million registrations.
Forward Guidance
Verisign announced that it will increase the annual registry-level wholesale fee for each new and renewal .com domain name registration from $7.85 to $8.39, effective Sept. 1, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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