earnings
confidence high
sentiment neutral
materiality 0.70
VeriSign Q4 revenue $380M (+3% YoY), EPS $2.60; .com fee to rise to $10.26 in Sept 2024
VERISIGN INC/CA
- Q4 revenue $380M (+3.0% YoY), operating income $256M, net income $265M ($2.60 diluted EPS, includes $0.68 tax benefit).
- Full year 2023 revenue $1.49B (+4.8% YoY), operating income $1.00B, net income $818M ($7.90 diluted EPS).
- .com/.net domain base 172.7M (-0.6% YoY); Q4 new registrations 9.0M (vs 9.7M); renewal rate 73.5%.
- Annual .com registry fee to increase from $9.59 to $10.26 effective Sept. 1, 2024.
- Share repurchases: 1.1M shares for $223M in Q4; $1.12B remaining under buyback program.