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ICANN spends $5 million more than planned in first fiscal half
Kevin Murphy,
February 21, 2024, 13:01:00 (UTC),
Domain Policy
ICANN published its second fiscal quarter financials yesterday, revealing a roughly $5 million overspend in the second half of 2023.
The Org spent $72 million of its $74 million revenue in the six months to December 31, more than the $67 million spend it had budgeted for.
ICANN said the overspend came mainly in its Community and Engagement reporting segment, with the $4 million excess “driven by higher than planned costs for ICANN78, community programs, and meetings support”.
The same report shows that ICANN 78, which took place in Hamburg last October, cost about $900,000 more than expected largely because it spent more on air fares and had to put on more sessions than it originally expected.
It also spent about $100,000 on its 25th anniversary celebration, a line item that had not appeared in its budget. Because who can predict an anniversary, right?
Hamburg was the most-expensive meeting since the pandemic ended, costing about $5.4 million and attracting over 2,500 attendees. The Kuala Lumpur meeting a year earlier had cost $4.7 million.
ICANN’s revenue was described as “flat”, but a breakdown shows a roughly $1 million (rounded) shortfall in both registry and registrar transaction fees compared to the budget. This is likely linked to shrinkages in Verisign’s .com sales over the period.
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