The premium domain hamster wheel will be in effect later this year.
Domain name registrar and registry company CentralNic (AIM: CNIC) reported first half 2017 financial results today.
The company reported first half revenue of £10.59 million, up 18.5% from £8.93 million in the first half of 2016. But this was down from £13.20 revenue in the second half of last year.
While that might suggest the company is going to see a drop in revenue this year, never fear…CentralNic has a trick up its sleeve. It’s the premium domain hamster wheel.
The reason CentralNic had a stellar second half last year was that it sold off some of its premium domains. One customer paid £3.555 million for premium domains. Click to continue reading…