Verisign said operating income for 2024 was $1,058.2 million, an increase of 6% compared to 2023, and operating cash flows were $902.6 million, an increase of 6% compared to 2023.

1. 01

   Verisign said operating income for 2024 was $1,058.2 million, an increase of 6% compared to 2023, and operating cash flows were $902.6 million, an increase of 6% compared to 2023.

2. 02

   The company cited .com and .net price increases as the primary driver of revenue growth in 2024, and said .com and .net registrations in the domain name base finished 2024 at 169.0 million, a decrease of 2.1% from December 31, 2023.

3. 03

   Verisign repurchased 6.6 million shares of common stock at an average price of $183.84 for an aggregate cost of $1.21 billion in 2024, and as of December 31, 2024 approximately $1.02 billion remained available for future share repurchases under the share repurchase program.

4. 04

   The company said it renewed the .com Registry Agreement with ICANN on November 2024, pursuant to which it will remain the sole registry operator for the .com registry through November 30, 2030, and that it cannot increase the price of a .com domain name registration during the first 2 years of the 6-year contract term.

Key figures

Fiscal year ended December 31, 2024

Revenue

$1.6B

Operating income

$1.1B

Net income

$786M

Operating cash flow

$903M

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.