Domain Name Base Growth
The domain name base for .com and .net totaled 170.5 million, up 660,000 from last quarter, with new registrations reaching 10.4 million compared to 10.1 million last quarter and the same quarter a year ago. The renewal rate improved to 75.5% from 72.7% a year ago.
Financial Performance
Revenue for the quarter was $410 million, up 5.9% from the same quarter a year ago. Net income was $207 million, and diluted earnings per share increased to $2.21 from $2.01 a year ago. Free cash flow was $195 million, compared to $151 million in the year-ago quarter.
Shareholder Returns
Returned $235 million to stockholders, with $72 million through dividends and $163 million through share repurchases. The Board authorized an additional $913 million for share repurchases, totaling $1.5 billion available.
Strong Performance in Asia-Pacific
The Asia-Pacific region showed strong growth in new registrations and renewal rates, contributing significantly to the overall domain strength.