Revenue and profit surged during 2020.
New top level domain name company Radix grossed $28 million in revenue in 2020, the company announced. That’s up 31% over 2019 numbers and is a better topline growth rate than the 26% growth between 2018 and 2019. These numbers are net of all discounts and rebates.
Net profit was up 36% over 2019. It’s a healthy clip, although down from the company’s stellar 54% growth in profits in 2019 vs. 2018. (The company did not disclose the actual dollar amount.)
Here’s the breakdown of revenue contribution:
- 20% standard registrations
- 64% standard renewals
- 16% premium, of which 54% was renewal revenue
Radix operates ten new top level domains: .online, .store, .tech, .website, .space, .press, .site, .host, .fun, and .uno.