Verisign Increase .Net Prices 10%, Adding $7.5 Million To Verisign’s Revenue

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After the market closed today, VeriSign, Inc. ( NASDAQ : VRSN ), announced, effective July 1, 2013, an increase in the registry domain name fee for .net top-level domain names, per its agreement with the Internet Corporation for Assigned Names and Numbers (ICANN).

As of July 1, 2013, the registry fee for .net will increase from $5.11 to $5.62.

Share of Verisign where up $1.17 to $38.30 during regular trading

According to Verisign there are about 15 million .Net domain names registered the $.51 increase per domain name will add $7.5 Million to Verisign’s revenue.

 

 

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  1. JNet says

    Not Good !

    There really seems as there is NO justification for it … as we are in deflationary times and Verisign already raised rates not too long ago… among other reasons.

    They very recently put a halt on .COM price increases recently but why then are they raising prices on .NET so soon ???

    Don’t much like this Monopoly stuff !