Radix published their full year 2020 results and the numbers were up from 2019. The $28 million in revenue was up 31% over 2019.
Radix CEO Sandeep Ramchandani, 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 world-wide.
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.”
Highlights
- $28M in total revenue for 2020, 31% growth over 2019 (revenue is net of all discounts and rebates)
- 36% growth in Net Profit over 2019
- Revenue Split – 20% standard registrations | 64% standard renewals
- $4.5M in premiums revenue (54% of that from premium renewals)
- Top 3 countries – United States – 64% | France | Germany
Radix is an advertising partner here at TheDomains.com.
Revenue and Profit growth were led by the new gTLD (.)Online, the worlds alternative the old and tired .com. As of today, .online has over 2 Million registrants that moves them into third place just behind .xyz and .icu. They now have a little over 7.29% of the new gTLD market.