Revenue grows in Q4 but new TLD revenue remains just a small fraction of the total.
Rightside (NASDAQ:NAME) today reported record quarterly revenue for Q4 of $55.7 million, and full year revenue of $212.5 million.
All three segments of the company — registrar, registry and aftermarket — showed quarter-over-quarter growth. But registry services (aka new TLDs), where the company is betting on its future, grew only slightly.
The company reported $2.5 million of registry services revenue, up from $2.4 million in Q3.
Its registrar segment, including eNom and Name.com, grew from $44.0 million to $44.7 million.
Aftermarket grew fastest, from $8.5 million to $9.3 million, most likely helped by strong demand for domain names sold at NameJet. Rightside owns half of NameJet in partnership with Web.com.
Rightside lost ($3.8) million in Q4, but had an adjusted EBITDA of $2.6 million.
This is another Marchex in my view, no concern for profitability, a company muddling along chewing up money. They can thank the Chinese for the fact that they had any sales growth at all.
Marchex had an amazing opportunity to profit from their portfolio, all they had to do was open it, let the offers flow, they had the numerics, all at the right time.
They just could not be bothered, and let it go for like 30 cents on the dollar.
Same thing we see, executive salaries, and perks, just buying time.
Rightside is so off base with pricing it’s GTLD’s it killed it’s out business, when people were interested, and getting $60K quotes per year, that was the time to hook up, once people move on, it’s to late.
The new TLDs were doomed from the start at any price.
–Emails don’t get delivered correctly and often to your competition
–People don’t know it’s a domain
–People and.com on the end of the domain and you lose the traffic
–You have to spend more to brand yourself than your competitors do for the same results.
–The registries can raise the price on you at any time. You dont think they will raise their prices if you’re successful?
There’s gold in them hills! Fools gold, that is.
I had to block all mails with an .xyz domain as a sender on our mail server. We got hit by so many .xyz spams and there was not one legit message coming from .xyz.
I would never ever buy an .xyz domain. It is too cheap and mostly used by spammers and fraudsters.