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Tucows takes a short term hit but CEO Noss is optimistic

by — Domain Registrars 0 Comments

Company hits stumbling blocks in Q1.

Tucows logo

It is truly a quarter where it would be a lot easier to be private than public, but all of that makes me continually grateful for the nature of our investors.

That’s what Tucows CEO Elliot Noss had to say about his company’s first quarter 2019 results released yesterday.

Tucows (NASDAQ: TCX) reported declining year-over-year numbers. Revenue was down 18% and net income fell 25%.

The results weren’t nearly as bad as the headline numbers. In Q1 2018 the company accelerated revenue recognization for domains it transferred to Namecheap. Take that out and the revenue number slipped just 3%.

That’s still the wrong direction and there were some hits during the quarter, but Noss says they’re just short-term. The company had setbacks on Ting Mobile and in the domain aftermarket. Expired domain revenue was lackluster.

But Noss points to the company’s long-term trends in fiber and fixing some carrier relationships for mobile as pointing in the right direction. The Ascio acquisition will also boost the company going forward.

.Com slips at GoDaddy

by — Domain Registrars 8 Comments

Expirations outpaced new registrations at GoDaddy in December.

ICANN has published the latest official data from Verisign (NASDAQ: VRSN) about the .com namespace. This registrar-by-registrar report covers December 2018.

Something interesting happened in December: GoDaddy’s .com domains under management (DUMs) dropped. I’ve tracked monthly numbers for a long time and don’t recall this happening in recent history.

The drop isn’t due to a large outbound transfer. In fact, GoDaddy’s net transfer loss was less than 10,000. It’s just that more .com names expired at GoDaddy than it got in new registrations.

Note that this only includes GoDaddy and Wild West Domains. It doesn’t include GoDaddy’s smaller registrars and the ones it picked up in the Host Europe Group acquisition.

Now, to the numbers. Here’s how registrars did in terms of new .com registrations.

1. GoDaddy.com* (NYSE: GDDY) 824,821 (865,438 in November)
2. Xin Net Technology Corporation 207,506 (152,143)
3. Alibaba (HiChina) 169,910 (312,227)
4. Tucows** (NASDAQ:TCX) 155,809 (175,148)
5. NameCheap Inc. 129,114 (157,607)
6. Web.com++ 101,629 (97,702)
7. NameSilo (CSE:URL) 94,849 (130,713)
8. Endurance+ (NASDAQ: EIGI) 91,577 (123,087)
9. Google Inc. (NASDAQ: GOOGL) 85,799 (88,236)
10. United Internet^ (FRA: UTDI) 60,004 (66,501)

Here’s the leaderboard of the top registrars in terms of total .com registrations as of the end of December 2018.

1. GoDaddy* 49,354,689 (49,370,531 in November)
2. Tucows** 12,583,119 (12,659,835)
3. Endurance+ 7,124,825 (7,179,580)
4. Web.com++ 6,726,237 (6,732,478)
5. Alibaba 6,248,273 (6,192,801)
6. United Internet^ 5,640,149 (5,666,856)
7. Namecheap 4,535,855 (4,515,221)
8. Xin Net Technology Corporation 2,987,431 (2,792,514)
9. Google 2,106,955 (2,057,844)
10. GMO 1,953,479 (1,964,580)

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

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

Big news: Enom switches from NameJet to GoDaddy for expired domains

by — Expired Domains 28 Comments

GoDaddy adds coveted Enom inventory to its expired domain name auctions.

Picture of expired parking meter.

Enom has moved its expired domain inventory to GoDaddy Auctions.

GoDaddy Auctions has another domain name registrar on its expired domain platform and this one is a doozy: Enom.

This morning I noticed many Enom domain names flowing through GoDaddy Auctions’ expiry stream.

The move is not surprising. Tucows (NASDAQ: TCX), which acquired Enom in 2017, already sends its non-Enom inventory to GoDaddy. For its Tucows domains, it essentially did a bake-off between GoDaddy Auctions and NameJet to figure out which one produced the most revenue. GoDaddy won.

The Enom acquisition came with a 50% ownership interest in NameJet and Tucows kept Enom’s expired domains on NameJet while sending its other domains to GoDaddy. But Tucows sold its stake in NameJet to Web.com late last year.

At the time of the acquisition I wrote:

The big question is if Enom domains will remain on NameJet and for how long. This was obviously part of the negotiation and ultimate purchase price. If Enom leaves the platform for GoDaddy at some point in the future, it will further degrade NameJet’s role in the marketplace.

We now have the answer.

So is this a win for domain investors? Yes and no.

On the plus side, they no longer have to manage domains at Enom. All domains they win will be added to their GoDaddy accounts.

Also, GoDaddy Auctions start at $12 (plus renewal, so about $20 total) whereas NameJet auctions start at $69.

But auctions at GoDaddy can be quite rich. Domain investors might end up paying more for domains there than if they same names ran through NameJet.

Also, I worry when there aren’t two strong competitors in a market. NameJet is getting weaker. Its valuable inventory is now mostly Web.com’s registrars Network Solutions and Register.com.

Tucows acquires Ascio as consolidation continues

by — Domain Registrars 5 Comments

Tucows acquires another reseller registrar.

Ascio domain name registrar logoTucows (NASDAQ: TCX) has acquired reseller registrar Ascio Technologies from CSC for $29.44 million.

Ascio has 1.8 million domains under management and 500 active resellers. Compared to Enom, which Tucows acquired two years ago, Ascio has fewer but bigger resellers.

By selling Ascio, CSC it focusing on its brand management registrar.

Ascio has a strong presence in Europe with a headquarters in Denmark and office in Germany. It’s also known for carrying lots of country code top level domains, which will help Tucows expand the number of TLDs available.

According to the release, Ascio had approximately $4 million in annual EBITDA. Tucows had already included the Ascio contribution in the latest financial guidance it provided last month.

Tucows says it expects cost synergies in the deal and this makes sense. The company is already rebuilding its platform to run both Enom and OpenSRS, Tucows’ other reseller registrar.

 

New .Com Winners & Losers

by — Domain Registrars 2 Comments

NameSilo jumps on monthly list.

ICANN has published the latest official data from Verisign (NASDAQ: VRSN) about the .com namespace. This registrar-by-registrar report covers November 2018.

The only notable movement was NameSilo, which jumped from #10 to #6 on the monthly report. It’s currently the 11th largest .com registrar. You can read an interview with NameSilo’s CEO here.

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

1. GoDaddy.com* (NYSE: GDDY) 865,438 (893,103 in October)
2. Alibaba (HiChina) 312,227 (204,213)
3. Tucows** (NASDAQ:TCX) 175,148 (183,542)
4. NameCheap Inc. 157,607 (139,033)
5. Xin Net Technology Corporation 152,143 (135,590)
6. NameSilo (CSE:URL) 130,713 (68,758)
7. Endurance+ (NASDAQ: EIGI) 123,087 (130,915)
8. Web.com++ 97,702 (105,815)
9. Google Inc. (NASDAQ: GOOGL) 88,236 (92,312)
10. United Internet^ (FRA: UTDI) 66,501 (71,257)

Here’s the leaderboard of the top registrars in terms of total .com registrations as of the end of November 2018.

1. GoDaddy* 49,370,531 (49,222,603 in October)
2. Tucows** 12,659,835 (12,709,575)
3. Endurance+ 7,179,580 (7,240,990)
4. Web.com++ 6,732,478 (6,730,384)
5. Alibaba 6,192,801 (5,972,559)
6. United Internet^ 5,666,856 (5,675,949)
7. Namecheap 4,515,221 (4,452,551)
8. Xin Net Technology Corporation 2,792,514 (2,639,761)
9. Google 2,057,844 (2,005,816)
10. GMO 1,964,580 (1,975,188)

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

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