Radix Set to Cross $12 Million in Annual Revenue in 2017

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Radix Set to Cross $12 Million in Annual Revenue in 2017

	By Radix (Sponsored Post) Domain Names for the New Internet
	December 18, 2017 Views: 8,631

Radix, the world’s 4th largest domain portfolio registry, revealed that it has reached $11.7 million in annual revenue and will surpass the $12 million milestone before the end of the calendar year 2017. This is the first time that Radix, a self-funded company, has shared its financial numbers.

The $11.7 million does not include revenue generated in December. The figure also excludes the complete renewal-revenue from domains expiring in November and December as registrants have upto 45 days to renew their domains.

In spite of this, Radix reported that more than 50% of the total revenue has been contributed by non-premium domain renewals. The recurring revenue of non-premium domains was almost double that of new registrations. Of the total revenue, $1.76 milion can be attributed to premium domains sold and renewed on registrar storefronts as well as one-time premium sales made directly by Radix. One-time premium sales contributed to 14% of this whereas recurring premiums made up the remaining 86%.

Despite being inactive in China through most of Q3 (due to the MIIT restrictions), total revenue in the quarter showed an upward trend. Overall, Radix will be ending 2017 on a high as November was its best month regarding new registration revenue.

Drilling down the annual revenue based on registrar country, US was the top contributor with 49.6% of the total share followed by Germany at 14.4% and China at 7.7%.

By Radix, Domain Names for the New Internet

Radix is one of the world’s leading new domain registries with 10 new extensions that include .ONLINE, .STORE, .TECH, .WEBSITE, .SPACE, .PRESS, .SITE, .HOST, .FUN and .UNO. Through these extensions, Radix is empowering business owners to get short, memorable and descriptive domain names that can be used for a website, email address, or a variety of other internet addressing purposes. For more details, visit http://www.radix.website.

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