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Namecheap revenue jumps 38.5% in Q3

by — Domain Registrars 1 Comment

Revenue keeps surging ahead at Namecheap.

Picture of stock chart with the words earnings report

Privately-held domain name registrar Namecheap has more to celebrate this year than just its 20th anniversary.

The company saw 38.5% revenue growth in Q3 2020 compared to Q3 2019, the company disclosed to Domain Name Wire. Q3 revenue clocked in at $51.7 million.

Year-to-date revenue is $146.5 million, up 33% from the same period in 2019.

Like many of its peers, Namecheap experienced a surge in registrations as people shifted their business strategies online due to the pandemic. Net domains under management increased by 653,000 in Q3, bringing the total to 12 million. 324,000 new customers signed up during the quarter, a 62% increase over the same period last year. 859,000 new customers registered at Namecheap so far this year, which represents a 59% increase from last year.

Namecheap CEO Richard Kirkendall told Domain Name Wire, “Namecheap continues to invest these earnings into our product and platform improvements to bring more value and a richer experience to our customers every day.”

Namecheap overtakes Alibaba, Endurance over Web.com

by — Domain Registrars 0 Comments

Shakeup on the overall leaderboard.

The words "top 10 domain registrars" in purple and yellow text

ICANN has published the latest official data from Verisign (NASDAQ: VRSN) about the .com namespace. This registrar-by-registrar report covers June 2020.

There are a few key takeaways:

1. As I predicted last month, Namecheap has overtaken Alibaba to become the fifth-largest .com registrar. It now has over 6 million .com domains under management. In June, it topped Tucows for the #2 spot on monthly .com adds. Namecheap was previously a reseller on Tucows’ Enom platform.

2. Web.com is experiencing a serious collapse in new registrations while other registrars are seeing growth. Historically, it was regularly in the top 10 for monthly .com registrations, garnering 60,000+ registrations per month. In June it had only 36,000 new .com registrations, and only 29,000 if you exclude registrations from its Dreamscape acquisition. While it still has a huge base of .com domains, it slipped to #4 on the total .com registration base charts.

3. Wix.com continues its upward climb. The company is getting a boost from people shifting their businesses online during the pandemic and it is increasing ad spend to take advantage of the opportunity. Customers registered another 100k+ .com domains in June, and the company is nearing 1 million .com domains under management.

Here’s how registrars did in terms of new .com registrations in June:

1. GoDaddy.com* (NYSE: GDDY) 1,019,809 (893,819 in May)
2. Namecheap Inc. 276,463  (221,681)
3. Tucows** (NASDAQ:TCX) 261,936 (241,523)
4. Endurance+ (NASDAQ: EIGI) 198,274 (185,996)
5. Alibaba (HiChina) 160,422 (129,520)
6. Google Inc. (NASDAQ: GOOGL) 159,637 (146,768)
7. Wix (NASDAQ: WIX) 118,685 (104,064)
8. United Internet^ 78,001 (74,587)
9. NameSilo 58,967 (53,893)
10. Bizcn.com 49,431 (n/a)

Here’s the leaderboard of the top registrars in terms of total .com registrations under management as of the end of June 2020.

1. GoDaddy* 53,921,563 (53,787,318 in May)
2. Tucows** 12,911,196 (12,858,166)
3. Endurance+ 7,054,410 (7,011,577)
4. Web.com++ 7,036,119 (7,054,625)
5. Namecheap 6,001,568 (5,843,286)
6. Alibaba 5,877,037 (5,876,504)
7. United Internet^ 5,550,769 (5,543,211)
8. Google 3,653,632 (3,566,580)
9. Xin Net Technology Corporation 3,087,400 (3,391,386)
10. GMO 2,270,872 (2,305,575)

Many domain companies have multiple accreditations and I’ve tried to capture the largest ones. See the notes below.

* Includes GoDaddy, Wild West Domains, Uniregistry and 123 Reg
** Includes Tucows, Enom, Ascio and EPAG
+ Includes PDR, Domain.com, FastDomain and Bigrock. There are other Endurance registrars, but these are the biggest.
++ Includes Network Solutions, Register.com, and Crazy Domains/Dreamscape
^ Includes 1&1, PSI, Cronon, United-Domains, Arsys and world4you

The Covid-19 Surge

by — Domain Registrars 0 Comments

Domain registrars experienced a surge in new domain registrations in April due to the pandemic.

The words "Domain surge" in Fast font with yellow background

ICANN has published the latest official data from Verisign (NASDAQ: VRSN) about the .com namespace. This registrar-by-registrar report covers April 2020.

April was a strong month for domain name registrars as companies rushed to go digital because businesses were shut down due to Covid-19.

The numbers reflect that, and they’re even more startling when you consider that March was also an up month due to the pandemic.

Consider Wix. Its registrations for February, March, and April were 75,407, 86,353, and 110,573.

Google’s registrations were 132,513, 144,355, and 170,306.

Tucows: 189,784, 201,660, 270,196.

You get the idea.

The trend is most notable for registrars that cater to end users rather than domain investors.

Here’s how registrars did in terms of new .com registrations in April:

1. GoDaddy.com* (NYSE: GDDY) 1,011,313 (990,805 in March) (March number excludes Uniregistry)
2. Tucows** (NASDAQ:TCX) 270,196 (201,660)
3. Namecheap Inc. 244,079 (220,563)
4. Endurance+ (NASDAQ: EIGI) 203,981 (167,966)
5. Google Inc. (NASDAQ: GOOGL) 170,306 (144,355)
6. Alibaba (HiChina) 146,314 (168,265)
7. Wix (NASDAQ: WIX) 110,573 (86,353)
8. United Internet^ 84,925 (71,767)
9. West263 67,757
10. NameSilo 65,429

Here’s the leaderboard of the top registrars in terms of total .com registrations under management as of the end of April 2020.

1. GoDaddy* 53,544,247 (52,559,293 in March) (March number excludes Uniregistry, appx. 900,000 domains)
2. Tucows** 12,815,824 (12,781,969)
3. Web.com++ 7,064,131 (7,119,532)
4. Endurance+ 6,948,816 (6,888,632)
5. Alibaba 5,859,831 (5,787,345)
6. Namecheap 5,690,180 (5,551,106)
7. United Internet^ 5,532,444 (5,521,784)
8. Xin Net Technology Corporation 3,647,376 (3,746,993)
9. Google 3,474,697 (3,367,072)
10. GMO 2,310,668 (2,313,794)

Many domain companies have multiple accreditations and I’ve tried to capture the largest ones. See the notes below.

* Includes GoDaddy, Wild West Domains, Uniregistry and 123 Reg
** Includes Tucows, Enom, Ascio and EPAG
+ Includes PDR, Domain.com, FastDomain and Bigrock. There are other Endurance registrars, but these are the biggest.
++ Includes Network Solutions, Register.com, and Crazy Domains/Dreamscape
^ Includes 1&1, PSI, Cronon, United-Domains, Arsys and world4you

Before the surge: .Com in March

by — Domain Registrars 1 Comment

Registrars saw an uptick in new registrations in March, which turned into a flood in April.

The words "top 10 domain registrars" in purple and yellow text

ICANN has published the latest official data from Verisign (NASDAQ: VRSN) about the .com namespace. This registrar-by-registrar report covers March 2020.

This data gives the first inkling of increased demand for domains thanks to Covid-19, but the real surge began in April as companies quickly moved their businesses online. We’ll get that data next month.

Here’s how registrars did in terms of new .com registrations in March:

1. GoDaddy.com* (NYSE: GDDY) 990,805 (970,641 in February)
2. Namecheap Inc. 220,563 (203,248)
3. Tucows** (NASDAQ:TCX) 201,660 (189,784)
4. Endurance+ (NASDAQ: EIGI) 167,966 (174,972)
5. Alibaba (HiChina) 168,265 (91,190)
6. Google Inc. (NASDAQ: GOOGL) 144,355 (132,513)
7. Dynadot 105,006
8. Chengdu West 94,655 (61,674)
9. Wix (NASDAQ: WIX) 86,353 (75,407)
10. United Internet^ 71,767 (68,936)

Here’s the leaderboard of the top registrars in terms of total .com registrations under management as of the end of March 2020.

1. GoDaddy* 52,559,293 (52,296,013 in February)
2. Tucows** 12,781,969 (12,791,432)
3. Web.com++ 7,119,532 (7,121,051)
4. Endurance+ 6,888,632 (6,851,967)
5. Alibaba 5,787,345 (5,747,031)
6. Namecheap 5,551,106 (5,431,296)
7. United Internet^ 5,521,784 (5,512,155)
8. Xin Net Technology Corporation 3,746,993 (3,961,980)
9. Google 3,367,072 (3,282,713)
10. GMO 2,313,794 (2,304,518)

Many domain companies have multiple accreditations and I’ve tried to capture the largest ones. See the notes below.

* Includes GoDaddy, Wild West Domains and 123 Reg
** Includes Tucows, Enom, Ascio and EPAG
+ Includes PDR, Domain.com, FastDomain and Bigrock. There are other Endurance registrars, but these are the biggest.
++ Includes Network Solutions, Register.com, and Crazy Domains/Dreamscape
^ Includes 1&1, PSI, Cronon, United-Domains, Arsys and world4you

Namecheap revenue continues its surge in Q2

by — Domain Registrars 5 Comments

Year-over-year revenue grows 38% in Q2.

Picture of stock chart with the words earnings report

Domain name registrar Namecheap generated $49 million in revenue during Q2 2020, the company reported to Domain Name Wire. That’s up almost 38% over the same period last year and up 7.6% quarter-over-quarter. First-half revenue was $94.8 million, up $22.1 million, or 30%, over H1 2019.

The company had a net increase of 565,000 domains under management and now has 11.3 million DUMs.

Namecheap CEO Richard Kirkendall said he anticipates that the company will surpass 12 million domains under management in Q4 of this year.

During the second quarter, Namecheap added over 308,000 new customers, a 93% increase over the same period last year. Year-to-date, Namecheap has added 528,000 new customers, up 58% from the same period last year.

“In these uncertain times, we are proud to be able to continue to operate at full capacity, offering our industry leading 24/7 customer support, while being able to ensure the safety and wellbeing of our entire workforce, who all continue working from home,” said Kirkendall.

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