Company paints its vision of the future as it continues to face growth challenges.
Rightside released its first earnings statement and held its first investor in its post-eNom reality yesterday. Here’s my take:
The business going forward
The divestiture of eNom means Rightside is doubling down on its new top level domain name business. It will also focus on its retail registrar Name.com for, among other things, selling its 40 TLDs.
Despite this focus, the reality is that the company still depends on the aftermarket business for more than a third of its revenue. This includes domain parking and sales of .com domains. Unfortunately, this business is still in a questionable state thanks to domain name parking.
In fact, Rightside predicts lower revenue in 2017 than in 2016 thanks to questions about domain name parking revenue. It is forecasting $58 million to $62 million. 2016 saw just over $62 million in revenue.
New top level domains
Revenue from new top level domain names continues to tick upward. In Q3 2016 it was $3.0 million; in Q4 it was $3.2 million. Click here to continue reading…