Group 1: Hong Kong Stock Market Highlights - New China Life Insurance (01336) rose over 5%, reaching a historical high, while China Life (2628.HK) increased by 4.4%, AIA (1299.HK) by 3.5%, and China Pacific Insurance (2601.HK) by nearly 2% following the release of the 2Q25 predetermined interest rate of 1.99% by the insurance industry association [1] - Heng Rui Pharmaceutical (1276.HK) opened up 10.65% after announcing a global exclusive licensing agreement with GSK for the HRS-9821 project, excluding mainland China and certain regions [1] - Guangshen Railway (00525.HK) saw a peak increase of over 9% after signing a cooperation agreement for the Guangzhou East Station renovation project, with a total investment of approximately 16.66 billion yuan [1] Group 2: Other Notable Stock Movements - MicroPort Medical (00853.HK) surged over 8% as major shareholders agreed to sell a total of 291 million shares to various buyers, including funds under Shanghai Industrial Capital [2] - China Tobacco Hong Kong (06055.HK) rose over 5% following the release of a draft management regulation for domestic duty-free tobacco products by the National Tobacco Monopoly Administration [2] - Shenghua Land (08106) saw its stock price soar over 200% after a share acquisition agreement was reached [2] - Jiufang Zhitu Holdings (09636) increased over 10% after announcing a profit forecast for the first half of the year, expecting a net profit of 830 to 870 million yuan, a turnaround from a net loss of 174 million yuan in the same period last year [2] - Lianlian Digital (02598) rose over 7% as a report highlighted the significant role of third-party payment institutions in cross-border and multi-currency settlement services [2] Group 3: Macau Gaming Sector Performance - Gaming stocks saw a general increase, with Amax Holdings (00880) up 10.39%, Melco International Development (00200) up 5.64%, and Sands China (01928) up 3.25%. UBS reported that the average daily gaming revenue in Macau for the past week was 657 million patacas, a slight decline due to typhoon impacts, but still showing a year-on-year growth of approximately 14% [3] Group 4: US Stock Market Highlights - AMD (AMD.US) rose 2.68% as it achieved a 50% market share in the server CPU market, matching Intel for the first time [4] - Newmont Corporation (NEM.US) increased by 6.89%, reporting a second-quarter earnings per share of $1.85, up from 73 cents year-on-year [5] - Berkshire Hathaway's holding Verisign (VRSN.US) rose 6.67% despite Q2 revenue falling short of market expectations, as the company raised its full-year revenue guidance [5] - Tesla (TSLA.US) increased by 3.52% with plans to launch Robotaxi services in San Francisco [6]

Financial Data and Key Metrics Changes - VeriSign generated $410 million in revenue for Q2 2025, reflecting a 5.9% increase year-over-year [11] - Operating expenses totaled $129 million, down from $131 million in the previous quarter and up from $121 million a year ago [11] - Net income for the quarter was $207 million, consistent with the previous quarter and the same quarter last year [11] - Diluted earnings per share increased to $2.21 from $2.10 in the last quarter and $2.01 a year ago [11] - Free cash flow was $195 million, compared to $160 million in the previous quarter and $151 million a year ago [12] Business Line Data and Key Metrics Changes - The domain name base for .com and .net reached 170.5 million, an increase of 660,000 from the previous quarter [6] - New registrations for Q2 totaled 10.4 million, up from 10.1 million last quarter and 9.2 million a year ago [6] - The renewal rate for 2025 is expected to be 75.5%, an increase from 72.7% a year ago [6][21] Market Data and Key Metrics Changes - All geographic regions showed year-over-year improvement in new registrations and renewal rates, with Asia Pacific showing particular strength [7] - Registrars are increasingly focusing on customer acquisition, contributing to improved demand for domain names [20] Company Strategy and Development Direction - The company is adapting its marketing programs to engage a diverse registrar channel, aiming for broader engagement [13][30] - VeriSign's mission remains focused on providing critical Internet infrastructure with 100% availability and security [15] - The company plans to continue paying quarterly dividends, subject to market conditions and board approval [9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding improving trends in domain name registrations, while acknowledging economic and geopolitical uncertainties [7][22] - The company has incorporated conservatism into its forecasts, reflecting ongoing monitoring of market conditions [25] Other Important Information - VeriSign has $594 million in cash, cash equivalents, and marketable securities at the end of the quarter [8] - The Board of Directors has authorized an increase in share repurchase to a total of $1.5 billion [9] Q&A Session Summary Question: What are the drivers for the domain strength? - Management noted a refocus on new customer acquisition by registrars and engagement with marketing programs as key drivers [20] Question: Is the strength in Asia Pacific due to better economy or marketing programs? - Management indicated that both factors are contributing, with solid demand observed in the region [24] Question: How are marketing programs influencing registrar strategies? - Management clarified that marketing programs are accelerating demand, while registrars are also focusing on new customer acquisition [29] Question: Any updates on new domain options and the impact of AI? - Management confirmed that ICANN plans to open applications for new GTLDs in Q2 next year and expressed optimism about AI's potential benefits for domain names [40][44]

VeriSign (VRSN) Q2 2025 Earnings Call July 24, 2025 04:30 PM ET Speaker0Day, everyone. Welcome to VeriSign's Second Quarter twenty twenty five Earnings Call. Today's conference is being recorded. Recording of this call is not permitted unless preauthorized. At this time, I would like to turn the conference over to Mr.David Atchley, Vice President of Investor Relations and Corporate Treasurer. Please go ahead, sir.Speaker1Thank you, operator. Welcome to VeriSign's second quarter twenty twenty five earnings c ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-23593 VERISIGN, INC. (Exact name of registrant as specified in its c ...

VERISIGN. Q2 2025 Earnings Conference Call July 24, 2025 Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding (i) Q2 2025 renewal rate expectations, (ii) Domain Name Base change expectations, (iii) our full year 2025 financial guidanc ...

Verisign Reports Second Quarter 2025 Results RESTON, VA - July 24, 2025 - VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today reported financial results for the second quarter of 2025. VeriSign, Inc. and its subsidiaries ("Verisign") reported revenue of $410 million for the second quarter of 2025, up 5.9 percent from the same quarter in 2024. Operating income was $281 million for the second quarter of 2025, compared to $266 million fo ...

Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImageSOPA Images/LightRocket via Getty ImagesVeriSign (NASDAQ:VRSN) is set to announce its earnings on Thursday, July 24, 2025. Over the last five years, VRSN stock has displayed an equal division in one-day returns following earnings announcements. The stock achieved a positive one-day return in 50% of cases, with a median increase of 2.9%. In contrast, it experienced a negative one-day return in the remaining 50% of cases, with a median ...

Core Insights - Warren Buffett announced his retirement as CEO of Berkshire Hathaway, having sold many winning stocks in 2024, solidifying his status as a legendary investor [1] - Berkshire Hathaway also made strategic additions to its portfolio, notably increasing holdings in Sirius XM and VeriSign, both of which possess strong economic moats and recurring revenue streams [2] Company Analysis: VeriSign - VeriSign operates as the official registry for .com and .net internet addresses, maintaining a monopoly that requires all .com and .net IP addresses to pay subscription fees [3] - Despite a slight decline in the total number of .com and .net domain names, VeriSign's revenue grew by 4.7% last quarter due to contractually allowed price increases [5] - The company signed a new six-year contract with ICANN and NTIA, allowing it to maintain its monopoly and raise .com prices by up to 7% in the last four years of the contract [6] - With the potential for domain name growth and price increases, VeriSign is positioned to grow at a rate higher than GDP over the coming years [7] - VeriSign has increased its 2025 guidance and initiated its first-ever dividend, resulting in a stock price increase of 33.3% for 2025 [17] Company Analysis: Sirius XM - Sirius XM is the only satellite radio company, primarily serving automotive customers, but faces challenges from streaming services [4] - The company has experienced subscriber and revenue declines since Q4 2022, with a 1.7% decline in subscribers and a 4.3% revenue decline last quarter [8][9] - Sirius XM is focusing on its core in-vehicle audience and enhancing its premium offerings while implementing a price increase [11][12] - The company is also introducing a low-priced, ad-supported tier to attract lower-income customers, similar to strategies used by Netflix [13] - Despite recent declines, Sirius XM has reiterated its 2025 targets for revenue and free cash flow, indicating potential stabilization [15] Valuation Comparison - There is a significant valuation gap between the two companies, with VeriSign trading at 31 times this year's earnings estimates and a forward dividend yield of 1.1%, while Sirius XM trades at just 7.6 times this year's earnings estimates with a dividend yield of 5% [19] - Sirius XM's higher debt load of approximately $10.5 billion, or 3.8 times adjusted EBITDA, presents a risk, especially given its revenue declines [20] Investment Considerations - The choice between investing in Sirius XM or VeriSign depends on risk appetite and belief in Sirius XM's turnaround strategy [21] - Sirius XM presents potential upside due to its low valuation and improving conditions, while VeriSign's current valuation reflects its strong performance [22] - However, Sirius XM carries higher risk due to uncertainties surrounding its turnaround efforts [23]

Core Insights - VeriSign operates the authoritative domain name registries for .com and .net, and its business model is considered stable and evergreen [2][3] - The company has seen a 66% increase in stock price over the past three years, outperforming the S&P 500's 37% rise [1] - Analysts project revenue and EPS growth rates of 5% and 10% respectively from 2024 to 2027, with potential stock price fluctuations based on valuation metrics [11][12] Business Model - VeriSign sells domain names to registrars like GoDaddy, which then sell them to end-users, ensuring a steady revenue stream as long as domain registrations and renewals continue [3] - The company has maintained a renewal rate in the low 70s, with recent data showing an increase to 74% [6] Market Performance - From 2021 to 2024, VeriSign's revenue and EPS grew at a compound annual growth rate (CAGR) of 5%, while the company repurchased 13% of its shares [8] - The stock has become a safe haven during economic uncertainty, as businesses continue to register and renew domains despite macroeconomic challenges [9] Future Outlook - Analysts expect revenue and EPS growth to continue, with stock price projections ranging from a potential increase of 34% to a decline of 18% based on different valuation scenarios [11][12] - The company renewed its .com agreements with the U.S. government for six more years, providing some insulation from antitrust pressures [7] Investment Sentiment - Berkshire Hathaway has increased its stake in VeriSign, indicating positive insider sentiment, as insiders bought nearly 11 times more shares than they sold in the past year [10]

Core Viewpoint - Warren Buffett has shown a long-term interest in VeriSign, accumulating shares since 2012, and the company has performed well despite market pressures, with a stock increase of over 30% year to date [1] Company Overview - VeriSign is a provider of essential internet infrastructure, maintaining the database for registered domains under .com and .net, and offering DNS services to connect domains to IP addresses [2] - The company operates a monopoly on .com and .net domains through a long-term agreement with ICANN, earning a fixed fee for domain renewals [3] Business Model - VeriSign does not sell domains directly to consumers, which eliminates customer acquisition costs, and its back-end costs do not scale with revenue, leading to high gross margins [4] Financial Performance - In Q1 2025, VeriSign's revenue rose nearly 5% to $402.3 million, despite a 1.5% decline in .com and .net domain registrations [5] - The revenue increase was driven by a nearly 7% price hike for .com domains to $10.26, with the ability to raise prices up to 7% annually under its agreement with ICANN [6] - Gross margin improved to 87.7%, and earnings per share (EPS) increased by 9% to $2.10 [7] Cash Flow and Share Buybacks - The company generated free cash flow of $286 million in the quarter and spent $230 million to repurchase 1 million shares [8] Future Outlook - VeriSign expects its domain-name base to range from a decline of 0.7% to growth of 0.9%, an improvement from previous projections [8] - The company raised its revenue guidance for the year to $1.635 billion to $1.65 billion, up from $1.615 billion to $1.635 billion [9] Investment Appeal - The company's monopoly, built-in price increases, and lack of customer acquisition costs make it an attractive investment for long-term growth [10] - Despite a forward P/E ratio of 31, the stock remains within its typical valuation range [11] - The inability to increase .com prices in the near term may hinder growth, but the potential for .net price increases and increased marketing by registrars supports long-term growth prospects [13]