Verisign Inc. - VRSN STOCK NEWS

VeriSign, Inc. (VRSN) reports an increase in global domain name registrations in the fourth quarter of 2023, with a total of 359.8 million registrations across all TLDs. However, the .com and .net TLDs experienced a slight decrease in registrations compared to the previous quarter and year.

VeriSign, Inc. (NASDAQ: VRSN) reported a 3.0% increase in revenue to $380 million for the fourth quarter of 2023 compared to the same quarter in 2022. The company's operating income was $256 million, up from $245 million in the same quarter of 2022. Net income for the fourth quarter of 2023 was $265 million with diluted EPS of $2.60, compared to $179 million and $1.70, respectively, for the same quarter in 2022. For the full year of 2023, Verisign reported revenue of $1.49 billion, a 4.8% increase from 2022. Operating income was $1.00 billion, up from $943 million in 2022. Net income for 2023 was $818 million with diluted EPS of $7.90, compared to $674 million and $6.24 in 2022. The company also reported a decrease in cash, cash equivalents, and marketable securities, but an increase in deferred revenues. Verisign repurchased 4.2 million shares of its common stock for $883 million during the full year of 2023. However, the company experienced a decrease in .com and .net domain name registrations in the domain name base in the fourth quarter of 2023, along with a decrease in new domain name registrations for .com and .net compared to the same quarter in 2022.

VeriSign, Inc. (NASDAQ: VRSN) announced its earnings call for the fourth quarter and full year 2023 on February 8, 2024, at 4:30 p.m. (EST). The earnings news release will be distributed to the wire services at approximately 4:05 p.m. (EST) and will also be available directly from the company’s website at https://investor.verisign.com. Verisign will host a live teleconference call, accessible by direct dial at (888) 676-VRSN (U.S.) or (786) 789-4797 (international), conference ID: Verisign. A listen-only live webcast of the earnings conference call will also be available at https://investor.verisign.com. An audio archive of the call will be available at https://investor.verisign.com/events.cfm.

VeriSign, Inc. (NASDAQ: VRSN) announced an increase in global domain name registrations in the third quarter of 2023, with a particular focus on the .com and .net TLDs. According to the Domain Name Industry Brief Quarterly Report, there were 359.3 million domain name registrations across all TLDs, marking a 0.8% increase from the second quarter of 2023. The .com and .net TLDs saw a combined total of 173.9 million domain name registrations, with a slight decrease of 0.3% from the previous quarter. New .com and .net domain name registrations remained steady at 9.9 million. Total country-code TLD (ccTLD) domain name registrations also experienced growth, reaching 138.1 million at the end of the third quarter of 2023.

VeriSign reports Q3 2023 financial results with revenue of $376 million, up 5.4% YoY. Operating income was $254 million, compared to $237 million in Q3 2022. Net income was $188 million with diluted EPS of $1.83, compared to $169 million and $1.58 in Q3 2022.

VeriSign, Inc. (NASDAQ: VRSN) announces Q3 2023 earnings call on Oct. 26, 2023, at 4:30 p.m. EDT. Earnings news release available at 4:05 p.m. EDT. Live teleconference call accessible at (888) 676-VRSN (U.S.) or (786) 789-4797 (international), conference ID: Verisign. Webcast available at https://investor.verisign.com.

VeriSign reports an increase of 1.7 million domain name registrations in Q2 2023, a 0.5% increase from Q1 2023.