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Namecheap posts $149 million revenue in 2019

Topline grew 18.7% in 2019.

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Domain name registrar Namecheap generated $149 million in revenue in 2019, up 18.7% from its 2018 total.

The company focused on higher-quality domain names in 2019, eschewing the sub-dollar domains it pushed in prior years. As a result, its domains under management remained fairly steady at 10.5 million. It added 1.24 million registrations during the year.

In September, the company hit 5 million .com domains under management.

In a statement, the company said:

During the year, Namecheap welcomed over 675,000 new customers onto our platform, and continued to see our product mix expand with the addition of our Logo Maker, Business Card Maker, Validation and CDN products launching into market. Our other product verticals, such as Hosting and Private Email continue to outpace our strong domain business trajectory, contributing more and more to our overall financial performance.

Namecheap is privately held.

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