Most numbers flat to down slightly as company prepares to sell its assets to GoDaddy.
Top level domain name company MMX (Minds + Machines, London AIM: MMX) reported its full results for 2020 yesterday.
The company reported revenue and profit that was more or less flat compared to 2019. Earnings per share was $.0033, or .33 cents (the report erroneously states it multiple times as $.33 per share).
Domains under management ended the year at 1.99 million, down from 2.46 million in 2019.
MXM reports that domains under management will continue to slip in some top level domains as it pulls back promotions:
We discontinued several promotions that did not drive profitable renewal billings, resulting in a reduction of DUMs in .vip in Q4 and continuing into Q1 2021. Other promotion contracts were also not renewed and further reductions in DUMs is likely for .work as existing promotions complete their existing business cycle
On April 23, MMX released 800,000 domains at regular prices that were previously priced at premiums. This has driven $170,000 in new billings.
GoDaddy is acquiring the assets of MMX in a deal expected to close later this year.