Radix an advertiser here at TheDomains, released the details of their 2018 financial results.
- Over 45% growth in profitability for 2018
- Revenue grows by over 30%
- Total revenue grossed in 2018 is $16.95M
11th March, Dubai. Radix, one of the world’s largest nTLD portfolio registries, announced today that it grossed $16.95M in total revenue in 2018, a 30% rise over its revenue in 2017. The registry’s net profit also grew by 45.6% in comparison to last year. Overall, Q4 2018 was its strongest quarter.
In the total annual revenue of $16.95M, 27% has been contributed by standard registrations and 60% by standard renewals. Radix’s premium domains cumulatively generated over $1.9M in revenue, of which 56% can be attributed to premium renewals. One-time premium sales contributed to $113K in revenue.
Based on registrars’ country, the top contributor to Radix’s revenue has been the US with 48% of the total share, followed by Germany with 12%, and China with 6%.
When compared to 2017, Radix’s renewal revenue has grown by 43%. This is indicative of Radix’s focus on maintaining a strong renewal rate through expansive end-customer marketing for its TLDs.
Currently, Radix is the only portfolio registry that has two of its nTLDs with over 1 million domain registrations each. While .ONLINE hit the 1M milestone in November 2018, .SITE joined the 1M league in February 2019.
Headquartered in Dubai, Radix is one of the world’s leading nTLD portfolio registries with 9 new extensions that include .ONLINE, .STORE, .TECH, .WEBSITE, .SPACE, .PRESS, .SITE, .HOST, and .FUN; as well as 1 re-purposed ccTLD, .PW. Through these extensions, Radix is empowering business owners to get short, memorable and descriptive domain names which can be used for a website, email address, or a variety of other internet addressing purposes. Radix currently has over 4M domains under management. To learn more, please visit: www.radix.website or connect on @radixregistry.