VeriSign reported Q2 2024 revenues of $387.1 million, up 4% year-over-year, and operating income of $266.2 million, a 7% increase. For the first half of 2024, revenues rose 5% to $771.4 million. The company's domain name base decreased 2.2% year-over-year to 170.6 million .com and .net registrations as of June 30, 2024.Price increases for .com and .net domains drove revenue growth, offsetting the decline in domain registrations. The company processed 9.2 million new .com and .net registrations in Q2, down from 10.2 million in Q2 2023. The .com and .net renewal rate for Q1 2024 was 74.1%, compared to 75.5% for Q1 2023.VeriSign generated $417.7 million in operating cash flow during the first half of 2024. The company repurchased 2.2 million shares for $388.0 million in Q2 and authorized an additional $1.11 billion for share repurchases, bringing the total authorization to $1.50 billion. Management believes existing cash, marketable securities, and funds from operations will be sufficient to meet working capital and capital expenditure requirements for at least the next 12 months.

VeriSign reported Q2 2024 revenues of $387.1 million, up 4% year-over-year, and operating income of $266.2 million, a 7% increase. For the first half of 2024, revenues rose 5% to $771.4 million. The company's domain name base decreased 2.2% year-over-year to 170.6 million .com and .net registrations as of June 30, 2024.Price increases for .com and .net domains drove revenue growth, offsetting the decline in domain registrations. The company processed 9.2 million new .com and .net registrations in Q2, down from 10.2 million in Q2 2023. The .com and .net renewal rate for Q1 2024 was 74.1%, compared to 75.5% for Q1 2023.VeriSign generated $417.7 million in operating cash flow during the first half of 2024. The company repurchased 2.2 million shares for $388.0 million in Q2 and authorized an additional $1.11 billion for share repurchases, bringing the total authorization to $1.50 billion. Management believes existing cash, marketable securities, and funds from operations will be sufficient to meet working capital and capital expenditure requirements for at least the next 12 months.