Feb '24

Namecheap earnings: $336M revenue, 17.7 DUMs in 2023 – Domain Name Wire

Domain Name Wire | Domain Name News
Domain Name Industry News
Second-largest retail registrar continues strong growth.Picture of stock chart with the words "earnings report"
Namecheap, a privately held domain registrar and services business, has released its 2023 earnings results to Domain Name Wire.
The company grossed $335.6 million in 2023, up 15.2% from $291.4 million in 2022.
Namecheap added 1.74 million domains under management in 2023 (11% growth over 2022), bringing its total domains under management (DUMs) to 17.66 million at the end of the year. Namecheap is the second-largest retail registrar worldwide.
This growth comes despite industry-wide headwinds in the domain name and webhosting markets coming out of the pandemic.
Customer growth is also strong. The company stated:
 As we continue to invest in our industry-leading, 24/7 customer support team, our intuitive user experience and our growing product offering, we are very proud to have welcomed over 1.11M new customers onto the Namecheap platform during the last year. In addition to our domain business, our additional product portfolio continues to outperform prior years across the board. We launched a range of new products during 2023, including a variety of security, privacy, marketing and business formation solutions that aim to bring additional convenience and value to our millions of customers.
Namecheap launched its new Spaceship brand last year, and it says its initial focus is on organically attracting early adopters. The new brand hit 475,000 registrations and has generated over $2 million in revenue in its first year. The company promises lots of new features and initiatives with Spaceship.
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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Mark Thorpe says

I think they need to put their main focus back on Namecheap instead of Spaceship.
Chris Holland says

The second largest retail registrar in the World doesn’t need to do anything other than to continue doing exactly what they’ve been doing for the past 23 years. Their focus on securing the top spot is clearly 20/20.
Commentator says

The absence of profit figures speaks volumes.
Chris Holland says

Compared to a snide anonymous comment?
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 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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