The following is a summary of the VeriSign, Inc. (VRSN) Q2 2024 Earnings Call Transcript:

Financial Performance:

• VeriSign reported Q2 2024 revenue of $387 million, a growth of 4.1% year-over-year.

• Operating income grew by 7.1% year-over-year to $266 million.

• Earnings per share increased to $2.01, up 12.3% from the previous year.

• Domain name base in .com and .net decreased by 1.8 million names compared to the previous quarter.

Business Progress:

• Celebrated 27 years of 100% uninterrupted availability for .com and .net domain name resolution systems, handling 328 billion queries per day.

• Launched new registrar marketing programs targeted at overcoming weaker trends and returning to domain name base growth in 2025.

Opportunities:

• New registrar marketing initiatives in the U.S. launched, aimed at improving new registration trends.

• Anticipated modifications and enhancements in upcoming programs for 2025 to better align with registrar needs and market demands.

Risks:

• U.S. registrars focusing on Average Revenue Per User (ARPU) impacting renewal rates and new registrations negatively.

• Continued weakness in the China market contributing predominantly to the decline in domain name base.

More details: VeriSign IR

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