Displaying posts under "Domain Registrars"
Ting product shows continued growth, OpenSRS takes a dip.
Domain name and mobile phone service provider Tucows continues to see growth in its Ting offering, offsetting stagnating revenues in its domain name business.
Net revenue for the third quarter of 2014 increased 9% to $38.9 million from $35.6 million for the third quarter of 2013.
Revenue from Ting increased $5.03 million, offsetting a drop of $1.79 million in its domain name business.
OpenSRS — Tucows’ wholesale domain business — saw its revenue decline $.38 million from the same quarter in 2013. Its retail operations, including Hover, improved by $.54 million. Revenue from “portfolio” fell from $4.17 million to $2.21 million. It’s important to note that benefits from withdrawing new TLD applications fall in the portfolio bucket, which skews the results.
Regardless, it’s clear that Ting is currently the growth driver for Tucows.
Net income for the third quarter of 2014 was $2.7 million, compared with $2.6 million for the same quarter of 2013.
The company also announced plans to buy back more shares in the company.
Domains stop resolving after placed in clienthold status.
The websites for two major publicly traded Chinese travel sites went down today as a result of their domain names being place in “ClientHold” status at the registrar.
Sites for $8 billion (market cap) Ctrip.com (NASDAQ: CTRP) and $0.6 billion eLong.com both were unavailable this morning United States time.
Both domain names were placed on “clienthold”, a status that tells the registry to not activate the domain in the DNS, and thus not resolve. Ctrip.com is registered at Network Solutions and eLong.com is registered at Register.com, both of which are owned by Web.com.
Web.com spokesperson John Herbkersman told Domain Name Wire, “This was a Whois issue and has been resolved with both sites.”
The clienthold status is often used for payment issues, but both ctrip.com and elong.com have a long time until they expire. A clienthold can also be placed for legal reasons.
As of around 12pm EST, it appears the clienthold on ctrip.com was removed. Here’s the whois record from DomainTools when the hold was in place:
As of 12pm EST, eLong.com’s website was still down. [Update: it’s back up.] Here’s the whois record from Network Solutions:
Plaintiff complains about multiple telemarketing calls.
A California resident has sued Web.com, claiming the company called her cell phone multiple times in violation of the Telephone Consumer Protection Act. The lawsuit seeks class action status.
Web.com disclosed the lawsuit in its most recent quarterly filing:
On October 31, 2014, a putative class action was filed in U.S. District Court for the Southern District of California (Tammy Hussin, et al. v. Web.com Group, Inc.). The lawsuit complains that the Company allegedly contacted the plaintiff and putative class (which plaintiff alleges may “number in the thousands, if not more”) on their cellular telephones via an automatic telephone dialing system without their prior express consent in violation of the Telephone Consumer Protection Act, 47 U.S.C. § 227 et seq. (“TCPA”). Plaintiff is seeking for each alleged TCPA violation $500 in statutory damages or $1,500 if a willful violation is shown. In addition to statutory damages and damages for willful violations, Plaintiff seeks injunctive relief. We have not yet responded to the Complaint and discovery has not yet commenced but we intend to vigorously defend ourself.
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.
Company lowers guidance on weaker demand from its domain portfolio.
Web.com (NASDAQ: WWWW) reported earnings yesterday and lowered its guidance for the fourth quarter.
One of the reasons for lowering the guidance is that the new supply of TLDs is causing domain investors to dial back large purchases of existing domain names.