The following is a summary of the VeriSign, Inc. (VRSN) Q3 2024 Earnings Conference Call Transcript:

Financial Performance:

• VeriSign reported a revenue of $391 million in Q3 2024, which is up by 3.8% from the previous year.

• Operating income grew by 5.9% year-over-year to $269 million, and net income increased from $188 million the previous year to $201 million in this quarter.

• The company achieved a diluted earnings per share of $2.07, representing a growth of 13.1% year-over-year.

• Operating cash flow for the quarter was $253 million, and free cash flow was $248 million.

Business Progress:

• VeriSign has maintained 27 years of 100% uninterrupted DNS availability for the .com and .net domain resolution system.

• The domain name base for .com and .net totaled 169.6 million at the end of September, though it decreased by 1.1 million names compared to the previous quarter.

• VeriSign is engaged in various initiatives and marketing programs aimed at registrar engagement and increasing domain name base growth, potentially looking to see fuller engagement in these programs by 2025.

• The company continued its share repurchase program, buying back 1.7 million shares for $301 million in this quarter.

Opportunities:

• There is an ongoing focus on developing and implementing registrar marketing programs to support domain name base growth, which is expected to fully engage by 2025.

Risks:

• U.S. registrars prioritizing Average Revenue Per User (ARPU) over customer acquisition could impact new registrations and renewal rates.

• China-related weaknesses continue to affect the domain name registration market, contributing to the decline in total domain name base.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.