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Radix Shares Financial Numbers for the First Time

Posted on the 13 December 2017 by Worldwide @thedomains

Radix shares financial numbers for the first time

Radix an advertiser here on TheDomains.com has put out an update on their business. 50% of total revenues coming from the renewals of non premium domains is a decent sign in my opinion.

Some of the key highlights of the attached report:

·   50% + of the total revenue comes from non-premium domain renewals

·   $1.76 million can be attributed to premium domains sold & renewed

·   US was the top contributor with 49.6% of the total share followed by Germany at 14.4% and China at 7.7%.

Full release:

13th December, Dubai. Radix, the world’s 4th largest domain portfolio registry, revealed that it has reached $11.7 million in annual revenue and will surpass the $12 million milestone before the end of  the calendar year 2017. This is the first time that Radix, a self-funded company, has shared its financial numbers. 

The $11.7 million does not include revenue generated in the month of December. The figure also excludes the complete renewal-revenue from domains expiring in November and December as registrants have upto 45 days to renew their domains.  

In spite of this, Radix reported that more than 50% of the total revenue has been contributed by non-premium domain renewals.  The recurring revenue of non-premium domains was almost 2X  of new registrations. Of the total revenue, $1.76 milion can be attributed to premium domains sold & renewed on registrar storefronts as well as one-time premium sales made directly by Radix. One-time premium sales contributed to 14% of this whereas recurring premiums made up the remaining 86%. 

Despite being inactive in China through most of Q3 (due to the MIIT restrictions), total revenue in the quarter showed an upward trend. Overall, Radix will be ending 2017 on a high as the November was its best month in terms of new registration revenue. 

Drilling down the annual revenue based on registrar country, US was the top contributor with 49.6% of the total share followed by Germany at 14.4% and China at 7.7%. 

About Radix:

Started in 2012, Radix is the world’s 4th largest nTLD portfolio registry. Radix is part of the Directi Group, which is currently valued at $1.4 billion. Radix has been an active participant in ICANN’s process to expand the internet naming system, and has obtained the rights to operate over 9 new gTLDs (generic Top Level Domains) including .ONLINE, .STORE, .TECH, .WEBSITE, .SPACE, .PRESS, .SITE, .HOST, and .FUN.


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