VeriSign, Inc. (NASDAQ: VRSN) posted solid financial results for the first quarter of 2025, signaling stability in its domain registry operations and shareholder value strategy.
The company reported $402 million in revenue, marking a 4.7% year-over-year increase, while net income rose to $199 million from $194 million in Q1 2024. Diluted earnings per share climbed to $2.10, up from $1.92.
“Verisign delivered solid results in the first quarter. As part of our ongoing commitment to return value to shareholders, I’m particularly pleased to announce the initiation of a quarterly cash dividend,” said Jim Bidzos, Executive Chairman, President and CEO.
Key Financial Highlights
- Quarterly dividend launched: A $0.77 per share cash dividend will be paid on May 28, 2025, to shareholders of record as of May 19, 2025. The company plans to continue quarterly dividends, subject to board approval and market conditions.
- Strong operational cash flow: Verisign generated $291 million in operating cash flow, up from $257 million a year ago.
- Share buybacks: 1 million shares were repurchased at a cost of $230 million, leaving $793 million available under the ongoing program.
- Senior notes refinance: The company issued $500 million in 5.25% Senior Notes due 2032, using the proceeds to repay a maturing bond of equal value.
- Cash position: Ended the quarter with $649 million in cash and marketable securities, up by $49 million since year-end 2024.
- Deferred revenue: Rose to $1.36 billion, increasing $57 million over the prior quarter.
Domain Business Snapshot
Despite strong financials, Verisign’s domain base showed a slight contraction:
- 169.8 million .com and .net domains were under management, down 1.5% year-over-year, but up by 780,000 domains from Q4 2024.
- 10.1 million new registrations for .com and .net in Q1 2025, compared to 9.5 million in the same period last year.
- .com/.net renewal rate stood at 74.0% for Q4 2024, an improvement from 73.2% a year earlier.
Verisign remains the core infrastructure provider for critical domain name services and appears poised to maintain its financial health while gradually returning more value to shareholders through dividends and repurchases.
Would you like a summarized table of Verisign’s financials and domain data for easier reference?
News Source:onlinedomain，This article does not represent our position.
