Company says .co launch was major contributor to growth on OpenSRS platform.
Yesterday Tucows reported record quarterly revenue for the third quarter. It saw strong growth on its OpenSRS domain reseller platform, and credits .co in part for that growth. Here’s Tucows CEO Elliot Noss on the investor conference call last night:
Again this quarter, OpenSRS domain service saw strong year-over-year growth in transaction volumes. Total transactions grew 16% compared to the third quarter of last year and new registrations grew 25%. Both of which were buoyed by the launch of the new .CO TLD that I discussed last quarter. Net of the .CO launch, new transactions grew a healthy 15%.
It will be interesting to compare this to a broader new top level domain name release that I expect to happen in 2012. .Co had a wildly successful launch and Tucows was one of only 10 accredited registrars for the launch. Still, if we see hundreds of new top level domains introduced in the coming years I suspect that the aggregate will lift registrations at all domain registrars.
As for Tucows’ Yummy Names division, Noss reminded investors that “This quarter’s results should be viewed in the context of last year’s clearing out of excess track navigation inventory and general softness in per page ad revenue in the domain parking sector broadly.”
Noss sees growth opportunities in mobile computing. The company will offering the GoMobi service before the end of the year.