Rightside grows its eNom business, new TLDs generate $2.5 million in revenue as of end of Q3.
Rightside released third quarter earnings after the bell today.
Revenue for the third quarter came in at $48.8 million, up from $45.5 million in the same quarter last year and $46.7 million in the second quarter of 2014.
The company swung to a profit with a $4.1 million bottom line. However, its adjusted EBITDA — which presumably is a key metric it wants to be valued on — was ($0.6) million.
A particular bright spot for the company was moving the needle in its domain name registration business. Organic growth (excluding the Name.com acquisition) in domain services was 10.5% due to onboarding more eNom wholesale partners. Rightside had been having trouble growing this fairly mature business.
On the new top level domain front, Rightside recorded a gain of $8.6 million for withdrawing seven applications for new top level domain names.
As of the end of the quarter, Rightside had 15 top level domains out in general availability for an average of 89 days each. The company had generated over 80,000 registrations with almost $2.5 million in total cash sales. That’s an average of above $30 per domain name. While many of its domains have a wholesale price of $20, its initial sales include sunrise and landrush/EAP pricing. It also sells some domains for premium prices.