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Welcome to the The
Lowdown from
DN Journal - your source for notable news
and information from all corners of the global domain name
industry!
The Lowdown
is compiled by DN Journal
Editor & Publisher Ron Jackson. |
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Radix
Reports 31% Surge in Revenue for
2020, Profit Up 36% From the
Previous Year
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Radix, one
of the world's largest operators
of new TLD domain registries, has
announced their financial results
for 2020. Radix, who operates .online,
.store, .tech, .website,
.space, .press, .site,
.host, .fun and .uno,
grossed over $28 million in
total revenue in 2020. That
is a 31% jump over
the company's revenue in 2019.
Radix's net profit grew at an even
faster clip, rising 36%
year over year.
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In breaking
down their 2020 revenue, which is net of all discounts and rebates, Radix
reported 20% came from standard registrations and 64% from
standard renewals. Radix’s premium domains cumulatively generated over $4.5
million in revenue, of which 54% can be attributed to premium
renewals.
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Sandeep
Ramchandani
Radix CEO |
Based
on country data from domain registrars, the top contributor to
Radix’s revenue has been the United States with 64% of
the total share, followed by France and Germany.
In
reflecting on the year's results, Radix CEO Sandeep
Ramchandani said, “2020 was a really strong year for us, both,
financially and strategically. Since a majority of our revenue comes
from renewals, we will only start seeing the sharp growth in CoVid-led
registrations turn into revenues from Q2-2021. We continue to
remain focused on our goal of making our domains ubiquitous and
powering the identity of a variety of web projects world-wide. We aim
to remain on a strong trajectory for the foreseeable future, with
initiatives in motion to grow demand for our brands and to selectively
acquire other high potential assets.”
Over a 2-year period,
Radix has seen its net profit double. Amongst its brands, .online was
it’s highest revenue contributor in 2020 followed by .store
and .tech. |
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(Posted
March 22, 2021)
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