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…

Web.com strikes deal with investors, Rightside extends deal with NameCheap

Web.com and Rightside reveal deals.

Here’s some news about two publicly traded domain name companies.

Web.com has struck a deal with Okumus Fund Management, which owns about 15% of the company’s shares, to add two new members to the board of directors. John Giuliani, the former CEO of Conversant and Rick Rudman, the former CEO of Vocus will join the board. Shares in Web.com (NASDAQ: WWWW) are down about 2% today, slightly above their 52 week low.

In other news, competitor Rightside (NASDAQ: NAME) announced that it has extended its contract with reseller NameCheap and is extending the maturity date on a loan it made to the reseller.

NameCheap’s registrar agreement with Rightside business eNom is extended until June 30, 2015 and will renew annually after that. Rightside lent NameCheap $2.5 million, and the maturity date on the note was pushed back to June 30, 2015.

NameCheap is eNom’s largest customer by far, representing 23% of domains under management as of last year.

Shares in Rightside are down about 5% today.

Moniker lost over 60,000 .com domain names in October

Registrar plunges below 900,000 .com registrations mark.

MonikerVerisign’s latest .com monthly report has been published by ICANN, and Moniker’s woes from its platform switch over the summer appear to have finally caught up with it.

Moniker lost 61,191 .com domain names to transfers in October 2014. After its disastrous platform switch in June, it lost at least 17,500 .com domains to transfers each month, peaking at 26,681 in September. The October jump is huge. (ICANN publishes the reports after a three month waiting period.)

The registrar dropped below the million .com registration threshold in September. In October it dropped below 900,000.

Its October numbers were also hurt by few new registrations. Only 3,272 .com domains were registered at Moniker in October, but 19,192 were deleted. Click here to continue reading…

Chris Sheridan and Steve Banfield are leaving Rightside

Two key figures at eNom are moving on.

RightsideA longtime fixture in the domain name industry — as well as a newer hire — are leaving domain name company Rightside.

VP of Business Development Chris Sheridan is leaving the company this week to join website maker Weebly. His experience at Rightside, where he worked on the eNom business, will be highly relevant to Weebly. Prior to eNom/Rightside, the “selfie king” worked at Verisign.

Sheridan’s former clients and other external business partners will now work with Dwayne Walker, Rightside’s SVP of business and market development.

Separately, SVP & GM of Registrar Services Steve Banfield is leaving the company at the end of this month. He joined Rightside in 2013. A Rightside spokesperson provide this statement to Domain Name Wire about the transition:

Steve Banfield is leaving Rightside at the end of January as part of an organizational restructuring, and he is working with the company’s management team to ensure a smooth transition for our employees and customers. Steve’s external clients and partners on the eNom business will now work with Jeff Eckhaus, our SVP of market development. Steve’s responsibilities on the Name.com business have been transitioned to Matt Delgado, Rightside’s SVP of operations.