Pace of Domain Registrations Slows

Posted on October 10, 2009

Internet News reports that Verisign reported that the number of registered domains climbed to 184 million in the second quarter of 2009. 9 million new domains were registered in the second quarter - this was a 15% plunge from the second quarter in 2008.

VeriSign (NASDAQ: VRSN) said in its report that, "around nine million new domain names were registered across all of the TLDs in the second quarter of 2009." Still, that figure represents a 15 percent decline from the second quarter of 2008.

"The overall base of domain names grew by 9 percent year-over-year and 1 percent quarter-over-quarter," Jill McNabb, vice president of naming services at VeriSign, told "While the number of new registrations declined, there were new registrations coming in, thus resulting in the growth of the overall base."

McNabb said the continued growth in domain name registrations in the second quarter of 2009 was in line with expectations. VeriSign has seen that there is seasonality in domain name registrations with the second quarter of the year dropping from the first.

There is some hope by investors that the economy is recovering. It will be interesting to see if this helps domain registrations start to climb higher again in the fourth quarter of 2009 or first quarter of 2010.

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