Strong Q4 lifts Verisign’s 2021 results.
Verisign (NASDAQ: VRSN) released earnings after the market closed yesterday.
Verisign pulled in $1.33 billion revenue for the year, up 4% year over year. This was aided by a strong Q4 performance that saw 6.2% year-over-year revenue growth. (Note that Verisign increased the price of .com domains at the end of Q3.) Operating income was up 5.2% year over year.
Before the year began, Verisign forecasted $1.300 billion to $1.320 billion revenue, but it increased this range during the year as results came in above forecasts.
The company originally guided to 2.5% to 4.5% growth in the .com and .net domain base, but the final number was 5%.
Verisign is again predicting 2.5% to 4.5% growth in the domain base for the coming year. It forecasts $1.42 billion to $1.44 billion in revenue, helped by increased domain registrations and higher wholesale prices for .com domain names.
During Q4, Verisign processed 10.6 million new .com and .net domain registrations, adding 1.37 million to the domain base after accounting for deletions.
