Verisign reported revenue of $391 million for Q3 2024, up 3.8% from the same quarter a year earlier. The company also reported operating income of $269 million, net income of $201 million, and diluted earnings per share of $2.07.

1. 01

   Verisign reported revenue of $391 million for Q3 2024, up 3.8% from the same quarter a year earlier. The company also reported operating income of $269 million, net income of $201 million, and diluted earnings per share of $2.07.

2. 02

   The company said operating cash flow for Q3 was $253 million ($245 million in the same quarter of the prior year), and that cash, cash equivalents and marketable securities at quarter-end were $645 million, down $281 million from the end of 2023.

3. 03

   Verisign said it repurchased 1.7 million shares of common stock for an aggregate cost of $301 million during Q3 2024. The company also said that as of September 30, 2024, $1.28 billion remained available under its share repurchase program, which has no expiration.

4. 04

   The company said the number of .com and .net domain name registrations in the domain name base was 169.6 million at the end of Q3 2024, a decrease of 2.5% from the end of the same quarter a year earlier. It said the final .com and .net renewal rate for Q2 2024 was 72.7%, compared with 73.4% for the same quarter of the prior year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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.