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New gTLDs and ccTLDs drive domain universe growth

Kevin Murphy, July 12, 2024, 15:38:10 (UTC), Domain Services

The seasonally strong first quarter saw growth return to the domain industry, despite .com’s continuing woes, according to the latest edition of Verisign’s Domain Name Industry Brief.

There were 362.4 million domain registrations across all TLDs at the end of March, up by 2.5 million names or 0.7% from the start of the year, according to the report. Growth over 12 months was 7.5 million or 2.1%.

The growth came in spite of continued shrinkage at Verisign’s own .com and .net. The flagship .com was down from 159.6 million to 159.4 million while .net remained flat at 13.1 million, the DNIB states.

The two TLDs combined lost a total of 0.3 million names over the quarter and 2.3 million names over the year, Verisign said.

ccTLD regs were up to 139.5 million, an increase of 1.2 million or 0.9% from the start of the year and 3.7 million from a year earlier.

Russia’s .ru overtook the Netherlands’ .nl to become fourth largest ccTLD. That’s 6.4 million versus 6.3 million, but Verisign’s methodology sees it count some 770,000 Cyrillic .РФ domains as if they were also .ru.

All of the top 10 ccTLD grew apart from .uk and .it.

New gTLDs also performed strongly, with 33.3 million regs at the end of the quarter, up 1.5 million (4.7%) sequentially and six million (22.1%) year over year.

Perhaps because the raw volume numbers have started make Verisign’s TLDs look terrible in comparison over the last few editions, the DNIB has started reporting an estimated renewal rate for many of the TLDs the DNIB tracks.

As you might expect, the renewal numbers for new gTLDs suck. While established TLDs like .com have the usual mid-70s percent renewal rate, that number plummets to the 20s when you look at big 2012-round TLDs such as .xyz, .online and .top.


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