Radix Reports Over 36% Growth in Profit for 2020, Revenue Grows by Over 31%

Home / Industry

Radix Reports Over 36% Growth in Profit for 2020, Revenue Grows by Over 31%

	By Radix (Sponsored Post) Domain Names for the New Internet
	March 22, 2021 Views: 4,880

Radix, one of the world’s largest nTLD portfolio registries, announced today that it grossed over $28M in total revenue in 2020, a 31% rise over its revenue in 2019. The registry’s net profit also grew by 36% in comparison to last year. Overall, Q3 2020 was its strongest quarter.

In the total annual revenue of over $28M, which is net of all discounts and rebates, 20% has been contributed by standard registrations and 64% by standard renewals. Radix’s premium domains cumulatively generated over $4.5M in revenue, of which 54% can be attributed to premium renewals.

Based on registrars’ country data, the top contributor to Radix’s revenue has been the United States, with 64% of the total share, followed by France and Germany.

Speaking about the strong performance, Sandeep Ramchandani, CEO, Radix, said, “2020 was a really strong year for us, both financially and strategically. Since a majority of our revenue comes from renewals, we will only start seeing the sharp growth in CoVid-led registrations turn into revenues from Q2 2021. We continue to remain focused on our goal of making our domains ubiquitous and powering the identity of a variety of web projects worldwide. We aim to remain on a strong trajectory for the foreseeable future, with initiatives in motion to grow demand for our brands and to selectively acquire other high potential assets.”

Over a two-year period, Radix has seen its net profit double. Amongst its brands, .online was its highest revenue contributor in 2020, followed by .store and .tech.

By Radix, Domain Names for the New Internet — 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 http://www.radix.website.
Visit Page

Filed Under

Comments

Commenting is not available in this channel entry.

The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.