earnings
confidence high
sentiment neutral
materiality 0.70
Verisign Q4 revenue $395M (+3.9% YoY); FY net income $786M, diluted EPS $8.00
VERISIGN INC/CA
- Q4 revenue $395M, operating income $264M; net income $191M ($2.00 EPS) vs $265M ($2.60 EPS) in Q4 2023 which included a $69.3M tax benefit.
- Full-year 2024 revenue $1.56B (+4.3% YoY); operating income $1.06B; net income $786M ($8.00 EPS) vs $818M ($7.90 EPS) in 2023.
- Cash from operations $903M in 2024; repurchased 6.6M shares for $1.21B; $1.02B remaining under buyback program.
- .com and .net domain base 169.0M, down 2.1% YoY; Q3 2024 renewal rate 72.2% vs 73.5% a year ago.
- .com registry agreement renewed through Nov 2030; Cooperative Agreement with NTIA renewed for six years.