The company said revenues for the three and nine months ended September 30, 2024 were $390.6 million and $1,162.0 million, up 4% year over year each, and operating income was $269.3 million and $794.4 million, up 6% and 7%, respectively.

1. 01

   The company said revenues for the three and nine months ended September 30, 2024 were $390.6 million and $1,162.0 million, up 4% year over year each, and operating income was $269.3 million and $794.4 million, up 6% and 7%, respectively.

2. 02

   The company said .com and .net registrations in the domain name base stood at 169.6 million as of September 30, 2024, down 2.5% from September 30, 2023 and down 1.1 million from June 30, 2024. It said new registrations in Q3 totaled 9.3 million, fewer than 9.9 million in the same period last year.

3. 03

   The company cited .com and .net price increases as the main factor behind higher revenues, partly offset by a decline in the .com and .net domain name base and the elimination of revenue from operating the .gov gTLD, which was transitioned to another service provider in Q4 2023. It said the annual registry-level wholesale fee for each .com registration was raised from $9.59 to $10.26 effective September 1, 2024.

4. 04

   The company said it repurchased 1.7 million shares for a total of $300.9 million during Q3 2024, and that the remaining amount available under its share repurchase program was $1.28 billion as of September 30. It said operating cash flow for the 9 months was $671.1 million, compared with $649.6 million in the same period last year.

Key figures

Quarter ended September 30, 2024

Revenue

$391M

Operating income

$269M

Net income

$201M

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

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