VeriSign’s Domain Domination: Can New gTLDs Supercharge Its Growth?

VeriSign, Inc. concluded 2024 with a stable financial performance and strategic initiatives to counteract some challenges in its business environment. The company reported a revenue growth of 4.3% year-over-year, reaching $1.557 billion, and an increase in operating income by 5.7%. The cash position remained strong with $600 million in cash, cash equivalents, and marketable securities. VeriSign also returned $1.2 billion to shareholders through the repurchase of 6.6 million shares, and $1 billion remains authorized for further repurchase without expiration.