The company said operating income for 2023 was $1,000.6 million, an increase of 6% from 2022. It said the number of .com and .net domain registrations in the domain name base at the end of 2023 was 172.7 million, a decrease of 0.6% from December 31, 2022.

1. 01

   The company said operating income for 2023 was $1,000.6 million, an increase of 6% from 2022. It said the number of .com and .net domain registrations in the domain name base at the end of 2023 was 172.7 million, a decrease of 0.6% from December 31, 2022.

2. 02

   The company cited the .com price increase effective September 1, 2023 and the .net price increase effective February 1, 2023, both in 2022, as drivers of the revenue increase in 2023. The company said the transfer of operation of the .tv ccTLD to another service provider in Q4 2022 eliminated related revenue, which partially offset the increase, and it did not generate any revenue from that ccTLD afterward.

3. 03

   Verisign said cash flow from operating activities for 2023 was $853.8 million, an increase of 3% from 2022. It repurchased 4.2 million shares of common stock for a total of $882.8 million during the same year. As of December 31, 2023, the remaining amount under the share repurchase program was $1.12 billion.

4. 04

   The company announced on February 8, 2024 that it will raise the annual registry-level wholesale fee for each new and renewal .com domain name registration from $9.59 to $10.26, effective September 1, 2024. The company also said it renewed the .net Registry Agreement with ICANN on June 29, 2023, under which it will remain the sole registry operator for the .net registry through June 30, 2029.

Key figures

Fiscal year ended December 31, 2023

Revenue

$1.5B

Operating income

$1.0B

Net income

$818M

Operating cash flow

$854M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.