Radix Reports Over 45% Growth in Profitability for 2018, Revenue Grows by Over 30%

By Radix
Radix

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.

Related topics: Domain Names, Registry Services, New TLDs

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