Verisign said it recorded revenues of $402.3 million and operating income of $271.2 million for the 3 months ended March 31, 2025, both up 5% compared to the same period in the prior year. The company cited .com and .net price increases as a driver of revenue growth, partially offset by a decline in the domain name base.

1. 01

   Verisign said it recorded revenues of $402.3 million and operating income of $271.2 million for the 3 months ended March 31, 2025, both up 5% compared to the same period in the prior year. The company cited .com and .net price increases as a driver of revenue growth, partially offset by a decline in the domain name base.

2. 02

   Verisign said it had 169.8 million .com and .net registrations in the domain name base as of March 31, 2025, down 1.5% from March 31, 2024 and up 0.8 million from December 31, 2024. New registrations for Q1 2025 totaled 10.1 million compared to 9.5 million in the same period of the prior year.

3. 03

   The company said net cash provided by operating activities for Q1 2025 was $291.3 million, up from $257.3 million in the same period of the prior year. During the same period, it repurchased 1.0 million shares of common stock for an aggregate cost of $229.9 million, and as of March 31 there was $792.7 million remaining available for future share repurchases under the program.

4. 04

   Verisign said it issued $500.0 million of 5.25% senior notes due June 1, 2032 on March 11, 2025. On March 31, it used the net proceeds from those notes, along with cash on hand, to repay in full $500.0 million aggregate principal amount of 5.25% senior notes due April 1, 2025.

Key figures

Quarter ended March 31, 2025

Revenue

$402M

Operating income

$271M

Net income

$199M

Operating cash flow

$291M

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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