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Radix Reports 31% Surge in Revenue for 2020, Profit Up 36% From the Previous Year

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.  

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.  

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.  

(Posted March 22, 2021)  


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