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NameSilo reports revenue up 33%

Kevin Murphy, August 24, 2022, Domain Registrars

Canadian registrar NameSilo this week reported its second-quarter financial results, showing revenue up 33.7% compared to the year-ago period.

The company said it now has 4.61 million domains under management and had revenue of $11.2 million for the quarter. It reported a net loss of $683,000.

Bookings, the best indicator of future revenue, were up 22% to $12 million. The company had $25.3 million of deferred revenue on its balance sheet at the end of the quarter.

NameSilo said “an increase in domains under management, marketplace revenues, and from the sale of ancillary services” all contributed to the growth.