Web.com Group, Inc. released its Q1 results for 2013. Revenue was up 26% year-over-year to $115.5 million.
Web.com is the company that owns two top ten domain registrars – Network Solutions and Register.com.
Operating loss was $2.5MM from $18.5MM in last year’s Q1. Net loss from continuing operations was $46.5MM compared to $29.8MM in 2012.
Web.com’s Chairman & CEO, David Brown, said:
“Web.com delivered a strong performance to start 2013, with first quarter revenue and profitability exceeding the high end of our guidance.”
“The successful expansion of our average revenue per user and 3 million plus subscriber base is improving the long-term growth profile of Web.com. We also remain focused on maintaining our strong margins and looking for opportunities to further enhance profitability, such as our recent debt re-financings that are expected to drive annualized interest savings of more than $18 million.”
“We continue to invest in initiatives that will expand adoption of our higher value-added products and services. During 2013, we have already added eight new geographic markets with our Feet on the Street program and kicked off our series of Small Business Forums in conjunction with our PGA sponsorship of the Web.com Tour. In addition, the roll out of new services such as FaceBook Boost and Full-Service Search Engine Optimization further enhances our broad suite of solutions.”
The full press release and financial results can be viewed here: