Rightside and NameCheap ink longer term deal

Deal adds some certainty to Rightside’s future revenue.

After frequent short-term extensions, Rightside’s eNom and reseller NameCheap have signed a longer term reseller
deal.

Many people are surprised to learn that NameCheap, which manages millions of domain names, is actually a reseller. It’s an important one to Rightside; NameCheap represents 26% of its domains under management.

The new deal is through December 31, 2018 and will automatically renew for an additional three year term unless either party provides notice of non-renewal at least 30 days prior to the automatic renewal date.

Although the deal is for several years, it sounds like the companies might need to negotiate again next year. The contract requires NameCheap to exclusively sell certain enumerated domain name registration services on eNom’s platform through at least December 31, 2016. That leaves a two year gap.

More details about what this means will be available when a redacted copy of the agreement is filed with Rightside’s next 10-Q.

Rightside also extended the duration of a loan it made to NameCheap until the end of this year.

Latest .com Winners & Losers

Here’s how registrars fared with .com in March.

ICANN has published the latest Verisign .com monthly report, containing data from March.

Let’s start by reviewing which registrars added the most new .com domain name registrations:

1. GoDaddy* 1,001,339
2. eNom** 227,918
3. HiChina 165,567
4. PublicDomainRegistry 127,377
5. Tucows 118,454

When it comes to companies that won the transfer game, here are the top five registrars with retail operations for March. These numbers are the net gains after taking into consideration transfers-out: Click here to continue reading…

Rightside posts profit, gets $7.2 million from withdrawing new TLDs

Rightside posts profit and gets big haul from withdrawing new top level domain name applications.

RightsideRightside released first quarter earnings after the bell today.

The company posted an adjusted EBITDA of $0.6 million and a GAAP profit of $1.9 million.

Revenue from Registrar Services (i.e. eNom and Name.com) was $42.0 million, up from $37.5 million in the same quarter last year. Registry Services (i.e. new top level domains and backend services) revenue was $1.6 million, up from just $42,000 in the same quarter last year.

Rightside previously reported Registrar and Registry services as a combined line item. The combined $43.6 million in Q1 tops the previous quarter’s $43.2 million.

Aftermarket revenue was $7.3 million, up from $7.0 million in Q1 2014 but down from $8.6 million in Q4 2014.

The company pocketed $7.2 million from withdrawing its new top level domain name applications.

Name.com is doing well with revenue growth of 30%. So far this year, 15% of Name.com’s new registrations are from new top level domain names. These have an average selling price of three times what Name.com gets from “legacy” domains. Name.com is proving to be a smart acquisition as it provides a good channel for Rightside’s own top level domain names.

.Com domain name winners and losers

eNom and Uniregistry do well on transfers, GoDaddy and eNom lead in new registrations.

ICANN just published the most recent .com transactions report, reflecting registrar results for .com from January.

There were no major outliers from January in terms of .com transfers, but Google Domains made an appearance on the top gainers list. 9,770 domains were transferred to Google’s new domain name registrar. I wonder if these were from consumers transferring their domains or if Google transferred some of its own domain names to its new registrar.

Here are the top five net gainers, comparing successful transfers in to transfers out: Click here to continue reading…