Displaying posts under "Domain Registrars"
Revenue and earnings slip year-over-year, but that was expected.
Rightside today released its first quarterly earnings report after being spun off from Demand Media.
The company, which started trading as NAME on the NASDAQ this Monday, posted total revenue of $46.7 million and a net loss of ($3.5) million.
Both revenue and earnings were lower than what the group grossed in the second quarter of 2013, due to a sharp drop in its “Aftermarket” revenue. Aftermarket was hit by a decrease in domain names it sold out of its own inventory and the company cutting off lower quality advertising traffic late last year.
The company was hit with a $1.6 million domain name parking clawback in Q3 2013, which forced the company to take action by cutting off lower quality domain traffic.
Aftermarket revenue came in at $7.1 million last quarter, compared to $13.3 million in Q2 2013. This number should not be a big surprise; the company grossed about $7.0 million from Aftermarket in Q1 2014.
The company’s Domain Services segment eked out a small gain compared to last year.
Parsons paying for attack ads against former employee’s competition for Governor.
GoDaddy founder Bob Parsons is lending a helping hand to his former employee Christine Jones.
Jones, who was GoDaddy’s general counsel, is now running for governor of Arizona.
Parsons said he has already spent $1M funding Better Leaders for Arizona, which is running attack ads against competitor Doug Ducey. He might spend more.
Parsons’ role in the ads was suspected after one of the ads was connected to a marketing and advertising firm he purchased.
According to AZCentral, Parsons decided to out his funding after Ducey attacked Jones during a debate as “a line employee at GoDaddy with no leadership experience.”
Say what you want about Jones’ tenure at GoDaddy, but she certainly wasn’t just a line employee.
Search ranking change should be good news for domain name registrars.
Google announced this morning that it’s starting to give extra credit in search results to companies offering websites secured by SSL.
That means sites where you see httpS:// might show up higher in search results than those without added encryption.
Google explains the added ranking factor in a post on its blog:
…over the past few months we’ve been running tests taking into account whether sites use secure, encrypted connections as a signal in our search ranking algorithms. We’ve seen positive results, so we’re starting to use HTTPS as a ranking signal. For now it’s only a very lightweight signal — affecting fewer than 1% of global queries, and carrying less weight than other signals such as high-quality content — while we give webmasters time to switch to HTTPS. But over time, we may decide to strengthen it, because we’d like to encourage all website owners to switch from HTTP to HTTPS to keep everyone safe on the web.
This could be a boon to both domain name registrars and certificate sellers should the ranking boost be considered meaningful. SSL certificates sell for a lot more per year than domain names. Heck, they even cost more than many shared hosting packages. It’s an add-on domain name registrars will appreciate help selling.
A big day for Rightside (and the domain name industry).
Today is a big day for domain name company Rightside as it begins to trade on the NASDAQ.
Shares are down slightly right now to $15.65.
Rightside has been spun off from Demand Media. Owners of Demand Media shares will get one Rightside share for every five Demand Media shares. (Demand is doing its own 5/1 reverse stock split, hence the Rightside allocation.)
Shares in Rightside will trade under the ticker NAME.
While Rightside was already a public company as part of Demand Media, it is now a pureplay domain name investment opportunity. The market cap should be around $300 million when it trades today.
Rightside owns businesses across the entire lifecyle of domain names. It owns eNom, Name.com, a registry, dozens of new TLDs, half of NameJet and a portfolio of over 300,000 domain names.
Web.com’s Q2 revenue numbers don’t hit company’s target.
Web.com, which owns Network Solutions, Register.com and SnapNames, released earnings after the bell today.
GAAP revenue for the second quarter was $138.2 million. Adjusted revenue was $144.7 million. Although that’s up 10% year-over-year, it’s below the company’s guidance range of $146.0 million to $147.5 million.
The company added 38,500 subscribers last quarter.
The earnings press release does not mention the number of registered domain names. It will be interested to hear if registration numbers are discussed on the earnings call this afternoon; the number would be inflated by free .xyz registrations.
Web.com also announced the acquisition of Scoot today. With over 400 websites, Scoot is the largest online only business directory network in the United Kingdom.