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Verisign Third Quarter Results Show Steady Growth In .COM/.NET

Verisign logoVerisign reported its financial results for the third quarter of 2014 that showed reported revenue of $255 million, up 4.7 percent from the same period in 2013, but cash, cash equivalents and marketable securities of $1.5 billion, a decrease of $249 million as compared with year-end 2013.

And despite over 200 new gTLDs having entered General Availability, 1.15 million new .com and .net domain names were added during the third quarter, ending with 130.0 million active domain names in the zone for both gTLDs, a 3.3 percent increase over the zone at the end of the third quarter in 2013.

Verisign also reported that in the third quarter they processed 8.7 million new domain name registrations for .com and .net as compared to 8.3 million for the same period in 2013.

The final .com and .net renewal rate for the second quarter of 2014 was 71.8 percent compared with 72.7 percent for the same quarter in 2013. Renewal rates are not fully measurable until 45 days after the end of the quarter.

For more information, see the Verisign announcement here.