Verisign Q4 2022 Earnings Report
Key Takeaways
Verisign reported Q4 2022 revenue of $369 million, an 8.5% increase year-over-year. Net income was $179 million, down from $330 million in Q4 2021, which included a significant deferred income tax benefit.
Revenue for Q4 2022 increased by 8.5% to $369 million compared to Q4 2021.
Net income for Q4 2022 was $179 million, a decrease from $330 million in the same quarter of the previous year, impacted by a deferred income tax benefit in 2021.
The company ended Q4 2022 with 173.8 million .com and .net domain name registrations, a 0.2% increase year-over-year.
Verisign repurchased 1.1 million shares of its common stock for $212 million during Q4 2022.
Verisign
Verisign
Forward Guidance
Verisign announces that it will increase the annual registry-level wholesale fee for each new and renewal .com domain name registration from $8.97 to $9.59, effective Sept. 1, 2023.