Increase in Domain Name Base
The domain name base for .com and .net increased by 777,000 from year-end 2024, totaling 169.8 million domain names. New registrations for the first quarter totaled 10.1 million, up from 9.5 million both last quarter and the same quarter last year.
Improved Renewal Rates
The renewal rate for the first quarter of 2025 is expected to be 75.3%, an increase from 74.1% a year ago.
Positive Financial Performance
VeriSign, Inc. generated revenue of $402 million, up 4.7% from the same quarter a year ago. Net income for the first quarter totaled $199 million, up from $191 million last quarter and $194 million a year ago.
Introduction of Quarterly Cash Dividend
VeriSign, Inc. declared a cash dividend of 77¢ per share, with plans to continue and grow the dividend annually.
Stable Financial Position
The company maintained a strong financial position with $649 million in cash, cash equivalents, and marketable securities at the end of the quarter.