Thursday , August 11 2022

Radix reports over 60% growth in profit for 2021

Radix's 2021 Profit

Radix reported the details on 2021 finances.

  • $38M in total revenue for 2021, 35% growth over 2020 (revenue is net of all discounts and rebates)
  • 60% growth in Net Profit over 2020
  • Revenue Split – 15% standard registrations | 72% standard renewals
  • 12.5% share in premiums revenue (both regs + renewals)
  • Top country – United States – 47%
  • Online – top nTLD by Renewal Revenue in 2021 (as per internal analysis)

Full release:

Radix, one of the world’s largest registries for new domains, announced today that it grossed over $38M in total revenue in 2021, a 35% rise over its revenue in 2020. The registry’s net profit also grew by over 60% in comparison to the previous year. Overall, Q1 2021 was its strongest quarter by net revenue. Over the past two-year period, Radix has seen its net profit almost double.

This year, of the total annual revenue of over $38M, which is net of all discounts and rebates, 15% has been contributed by standard registrations and 72% by standard renewals. Radix’s premium domains accounted for 12.5% of total revenue.

Based on registrars’ country data, the top contributor to Radix’s revenue is the United States with 47% of the total share. The top nTLD that contributed over 30% to Radix’s total revenue was .Online, followed by .Site and .Store. In fact, .Online has consistently been the highest revenue contributor for Radix over the last two years. Based on an internal analysis by Radix, .Online has also been the top nTLD (by renewal revenue) across the industry in 2021.

About Radix:

Radix is one of the world’s leading new domain registries with 10 new extensions that include .Online, .Store, .Tech, .Website, .Space, .Press, .Site, .Host, .Fun and .Uno. Through these extensions, Radix is empowering business owners to get short, memorable, and descriptive domain names that can be used for a website, email address, or a variety of other internet addressing purposes. For more details, visit www.radix.website.


Source link

About DomainObserver

Check Also

NameJet/SnapNames July 2022 sales report led by MedJobs.com

Join the Discussion Cancel reply Comment * Name * Email * Website Save my name, …