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ICANN ups new gTLD revenue forecast

Kevin Murphy, March 7, 2016, 14:12:49 (UTC), Domain Registries

ICANN has increased its new gTLD revenue projections for fiscal 2016.

The organization released its draft FY17 budget over the weekend, showing that it expects its revenue from new gTLDs for the 12 months ending June 30, 2016, to come in at $27.3 million.

That’s a 13% increase — an extra $3.1 million — on what it expected when it adopted its FY16 budget last June.

The anticipated extra money comes from registry and registrar transaction fees, spurred no doubt by the crazy speculation in the Chinese market right now.

Registry transaction fees are now expected to be $2.8 million (up from the earlier prediction of $2 million) and $3 million (up from $2.3 million).

The bulk of the new gTLD revenue — $21.5 million — still comes from fixed registry fees, which do not vary with transaction volume.

For fiscal 2017, which starts July 1 this year, ICANN is predicting new gTLD revenue of $41.5 million, a 52% annual growth rate.

The adopted FY16 budget is here. The new proposed FY17 budget is here. Both are PDF files.

The FY17 proposals are open for public comment.

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