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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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New
gTLD Registry Operator Radix Shares Their
Revenue Numbers for the First Time
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There
has been a lot of speculation about
how new gTLD registry
operators have been faring since
ICANN delegated the first new
domain extensions four years
ago. Few registries release specific
financial information but it has clearly been
a mixed bag with some operators
exiting the business after selling
off extensions they couldn't make
profitable and others, with deeper
pockets, staying the course or
expanding (in some cases by
acquiring TLDs acquired from those
leaving).
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A member of the latter group,
Radix,
the world’s 4th largest new gTLD
portfolio registry operator (and a
part of the Directi Group,
which is currently valued at $1.4
billion), has, for the first
time, released some of their actual
numbers. The self-funded company
that
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operates nine
new gTLDS (.ONLINE, .STORE, .TECH,
.WEBSITE, .SPACE, .PRESS, .SITE,
.HOST, and .FUN) revealed today that
their 2017 revenue numbers had
reached $11.7 million and
would pass $12 million by the
end of the year. The $11.7 million
does not include revenue generated
in the month of December. The figure
also excludes the complete
renewal-revenue from domains
expiring in November and December as
registrants have up to 45 days to
renew their domains.
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Even
with November & December
renewal revenue not yet included,
Radix reported that more
than 50% of their total
revenue has come from
non-premium domain renewals.
The recurring revenue of
non-premium domains was
almost double the amount
received from new
registrations. Of the total
revenue, $1.76 million
was attributed to premium
domains sold & renewed
on registrar storefronts as
well as one-time premium
sales made directly by
Radix. One-time premium
sales contribute 14% of that
amount with recurring
premiums making up the
remaining 86%.
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Despite
being inactive in China
through most of the third
quarter of 2017 (due to the MIIT
restrictions), Radix said
total revenue in the quarter
showed an upward trend.
The company added that Radix
will be ending 2017 on a
high as November was its
best month of the year in
terms of new registration
revenue.
Radix
also broke down the source
of its registrar revenue by
country, noting that the United
States was the top
contributor with 49.6%
of the total share followed
by Germany at 14.4%
and China at 7.7%. |
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(Posted
December 13, 2017)
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