24

Feb '24

Domain business remains strong at Tucows – Domain Name Wire

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Slow and steady…Picture of stock chart with the words "earnings report"
Tucows (NASDAQ: TCX) reported Q4 2023 earnings after the market closed yesterday.
The company posted total Q4 revenue of $87.0 million, up 10% year over year.
Tucows Domains accounted for $61.8 million of that. This compares to $60.3 million in the same quarter of 2022.
The wholesale division posted $52.5 million in revenue. A decrease in value-added services was from a shift of some revenue to the retail side.
Commenting on the results, Dave Woroch, CEO of Tucows Domains, stated:
The results were driven by an increase in the number of transactions in Q4, up 2%; and domains under management that were up slightly year over year. I would like to highlight that within our industry there is a range in the quality of new domains being registered, and our growth continues to be concentrated in higher quality and legitimate domain registrations.
In other words, the company isn’t growing by selling dollar registrations in bulk.
Woroch also said that the decline in domain aftermarket revenue experienced in previous quarters no longer impacts year-over-year numbers.
Categories: Domain Registrars
Andrew Allemann has been registering domains for over 25 years and publishing Domain Name Wire since 2005. He has been quoted about his expertise in domain names by The Wall Street Journal, New York Times, and NPR. Connect with Andrew: LinkedInTwitter/XFacebook
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Domain Name Wire is a trade publication for the domain name industry covering topics relevant to domain investors, brand owners, policy makers, domain registrars and registries, and more. Founded in 2005, Domain Name Wire has been cited by Wall Street Journal, New York Times, NPR, and Washington PostRead More About DNW
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Joker
Joker

Joker has been buying and selling domains since the late 90's. He has worked with many portfolios and investors over the past decade as well.

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