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Domain sales down even as revenue booms at CentralNic
Kevin Murphy,
May 23, 2022, 10:36:36 (UTC),
Domain Registries
CentralNic has posted stunning growth for the first quarter, even as it sold fewer domain names.
The company said this morning that revenue increased by 86% to $156.6 million in the three months to March 31, helped along by a few acquisitions in the monetization segment. Organic growth for the 12 months was roughly 53%.
Profit was $4 million versus a $1.4 million loss. Adjusted EBITDA was up 83% to $18.5 million, the company said.
CentralNic said it processed 3.1 million domain registrations in the quarter, down from 3.4 million a year earlier, but said this was because it moved away from selling domains cheaply in bulk.
This meant average annual revenue per domain was up 11% to $9.50, it said.
The online presence segment, which includes domains, was up 2% to $39.7 million.
But the online marketing segment, which includes domain monetization, was up 158% to $116.9 million, again helped by acquisitions.
CentralNic also disclosed that the price it agreed to pay for the .ruhr gTLD, a German geographic, back in January was €300,000, split into two payments of €150,000.
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