Verisign’s financial results for the first quarter of 2017 continue to steam along. Cash, cash equivalents and marketable securities were down a rather insignificant $12 million to $1.8 billion from year-end 2016, according to their results released last week.
Cash flow from operations was $148 million for the quarter, compared with $150 million for the same quarter in 2016 and deferred revenues on 31 March totalled $1.01 billion, an increase of $37 million from year-end 2016.
But on domain names, .com and .net rake in the revenue and registrations. The registry operator reported that the first quarter ended with 143.6 million .com and .net domain name registrations in the domain name base, a 1.0 percent increase from the end of the first quarter of 2016, and a net increase of 1.4 million during the first quarter of 2017.
But it is .com that is powering the increase while .net has declined. In their quarterly results, Verisign don’t break out the results, but using a combination of their latest Domain Name Industry Brief and RegistrarStats.com one can get an idea of where they’re heading.
As of 31 December 2016 there were 126.9 million .com domain name registrations, while the .net domain name base totalled 15.3 million registrations according to the DNIB. Today there are 127.0 million .com registrations and 14.9 million .net registrations indicating there has been a decline in .net registrations of 400,000 in 4 months. However .net is still the fifth largest top level domain behind .com, .cn, .tk and .de.