Recent Posts
- “No timeline” to retire Soviet Union from the DNS
- ICANN to kill off 60-day domain transfer lock
- Lancaster bags up its dot-brand
- Google readying its next batch of gTLD launches?
- NomCom confirms Americans rejected from ICANN board
- Nova announces $45 million of new gTLD applications
- Registry makes .ai an option for Koreans
- it.com now bigger than Guatemala
- ICANN turns to AI and crowdsourcing for new gTLD program
- Amazon lawyer DiBiase elected to ICANN board
- Is .io safe now? Identity Digital now running Mauritian ccTLD
- Tucows quits ICANN’s Whois disclosure pilot
- Toshiba goes all-in on its dot-brand
- Google scuppers Team Internet acquisition after profit warning
- .ai channel doubles under new management
- Trump inclined to back deal that threatens .io
- As .com shrinks, China adds another 1.2 million domains
- Second new gTLD contention set revealed
- UK intros global domain takedown law
- No more Americans as Holland wins ICANN board seat
- Registries have started shutting down Whois
- ICANN wins IRP because complainant literally doesn’t exist
- .com could return to growth this quarter
- Could Musk’s DOGE kill off D3’s .doge?
- $2 million Christmas bonus for ICANN
- Another VW car dot-brand crashes out
- Largest back-end switch EVER as GoDaddy loses deal
- Yeah, we got phished, ICANN admits after crypto hack
- ICANN hacked to promote crypto scam
- Super Bowl a bit of a dud for .com?
- More gloom predicted for .com
- These are the .gov domains Trump has deleted so far
- Did Trump just create the world’s next ccTLD?
- $3,000 to do a Whois lookup?
- PIR to join GlobalBlock, but its crown jewel won’t
- LA wildfire victims get domain deletes delay
- .free domains to finally arrive as Amazon reveals three gTLD launches
- Six more gTLDs shown the door, five may be auctioned
- Registrar terminated after ignoring Whois transition
- $10 million ICANN giveaway winners picked
- Whois officially died today
- Typo left MasterCard open to hackers for years
- Could ICANN approve an R-word gTLD?
- These are the TLD growers and shrinkers of 2024 (part two)
- GoDaddy ordered to stop lying about crappy security
- These are the TLD growers and shrinkers of 2024 (part one)
- Dead terrorist domains for sale, just without the hyphens
- ICANN eyes more price hikes as it predicts dismal year for industry
- Meet the six people battling to join ICANN’s board
- New gTLD use cases not much use
- Defensive dot-brands are renewing, making ICANN millions
- Identity Digital offers free domain trials through LinkedIn
- Antisemitic remarks cost registrar dearly
- ICANN lawyers want to keep their clients secret
- Facebook cybersquatter asks ICANN to overturn UDRP ruling
- .xxx founder Stuart Lawley has died
- The new gTLD Next Round is really happening as two ICANN programs go live
- Verisign has much to be thankful for as .com contract renewed
- Another 40,000 .ai domains registered
- RDRS usage hits new low
- A dot-brand that was actually used is shutting down
- .id joins the million-domain club
- GoDaddy’s .xxx contract renewed
- Twitter clone Bluesky has one feature domain people should like
- ICANN confirms two bans on new gTLD gaming
- eBay slogan domain no longer has a BIN price
- Will Donald Trump be .io’s white knight?
- As customers flee legacy gTLDs, .org tops 11 million names
- Company accidentally puts porn domain on kids’ toys
- eBay’s new slogan looks like a $75,000 domain it doesn’t own
- Americans are deserting .com
- Weak Q3 for the domain universe, Verisign reports
- ICANN says it WILL raise its domain taxes soon
- Senator says domain industry “enables” Russian disinfo attacks
- bit.ليبيا? Libya to get its Arabic ccTLD
- Verisign gets eight more years running the root
- Two-horse race for open ICANN board seat
- Chinese say internet not ready for single-letter gTLDs
- Unloved INTA slams ICANN over new gTLDs
- Namecheap scores win in .org price-cap lawsuit
- Some Guy wants to take over .com and .net
- Second-shot gTLD bid rules revealed
- Nominet names directors after tight election
- Lawyer ban coming to ICANN
- Identity Digital to take over .ai
- ICA teams up with WIPO on UDRP reform
- Response to sex harassment lawsuit “inadequate”, say ICANN vets
- Unstoppable tops four million names
- Amazon readying fashion and book gTLDs
- Five times ICANN deleted a ccTLD, and what it means for .io
- Future of .io domains uncertain as UK hands over Chagos islands
- .ai now has over half a million names
- UK and Israel cut ICANN funding
- Twitter now up-to-date on linkification
- Moment of truth as .music domains finally go on sale
- ICANN fixes embarrassing “What is a Domain Name?” mistake
- Another ccTLD opens up its second level
- Reporter gains first access to .io island for decades
- .io sells $40 million of domains after massive uptick
- After five years, “useless” TLD has two web sites
- Verisign agrees to .com takedown rules
- New .com contract could see ALL domain prices go up
- Investing in .ad domains may be risky
- Plurals ban policy handed to ICANN board
- Three .now domains sell at premium EAP prices
- ICANN confirms new gTLD application fee
- New gTLD application fee rises by thousands after collision call
- Former .co registry defeated in $350 million contract fix case
- Is this the first Next Round new gTLD contention battle?
- ICANN names its Supreme Court judges
- Who uses Sunrise nowadays? You might be surprised
- ICANN gunning for Tencent over abuse claims
- All the one-character .sk domains to be auctioned
- Straggler gTLD signs first ICANN contract for years
- GoDaddy likely to win relaxed .xxx deal
- Tonkin promoted to CEO at auDA
- ICANN hires new Ombuds from WIPO
- Big twist as ICANN bans new gTLD auctions
- ICANN to “strengthen” harassment rules as it picks another homophobic meeting host
- .my global relaunch starts slowly despite cheapo prices
- Hackers break .mobi after Whois domain expires
- The new gTLD next, next and next round
- Squarespace gets sweetened $7.2 billion takeover offer
- ICANN hit by DDoS attack
- Russia calls for ICANN to split from US
ICANN has $400m in the bank
ICANN ended its fiscal 2016 with just shy of $400 million on its balance sheet, according to its just-released financial report.
As of June 30, the organization had assets of $399.6 million, up from $376.5 million a year earlier, the statement (pdf) says.
Its revenue for the year was actually down, at $194.6 million in 2016 compared to $216.8 million in 2015.
That dip was almost entirely due to less money coming in via “last-resort” new gTLD auctions.
The growth of the gTLD business led to $74.5 million coming from registries, up from $59 million in 2015.
Registrar revenue grew from $39.3 million to $48.3 million.
Money from ccTLD registries, whose contributions are entirely voluntary, was down to $1.1 million from $2.1 million.
Expenses were up across the board, from $143 million to $131 million, largely due to $5 million increases in personnel and professional services costs.
The results do not take into account the $135 million Verisign paid for .web, which happened after the end of the fiscal year.
Auction proceeds are earmarked for some yet-unspecified community purpose and sit outside its general working capital pool. Regardless, they’re factored into these audited financial reports.
ICANN has to date taken in almost a quarter of a billion dollars from auctions. Its board recently decided to diversify how the money is invested, so the pot could well grow.
If you find this post or this blog useful or interestjng, please support Domain Incite, the independent source of news, analysis and opinion for the domain name industry and ICANN community.
Non-profit my ass. ICANT, is as much a non-profit as the NFL in America.
Is this the most profitable non profit organization? I presume it is…