Domain name company touts topline growth to kick off 2019.
Top level domain name company MMX (Minds + Machines) (LSE:MMX) is reporting a strong start to 2019.
In an investor update issued today, the company said that domain registrations are up 38% year-over-year so far this year to 1.84 million registrations. Billings are up 129%. The company credits the first time contribution from ICM Registry domains as well as strong growth in China.
MMX is seeing a 91% renewal rate on .XXX domains, part of the ICM acquisition.
Donuts co-founder Dan Schindler is now a Special Advisor to the company to help it on its premium domains strategy. Schindler left Donuts a while back and recently resurfaced in the industry. Christa Taylor was also formally announced as the company’s Chief Marketing Officer. Taylor had consulted for the company starting last year and became CMO ahead of NamesCon this year.
The company plans to pay off its outstanding debt early this month.