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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Trading Symbol(s) VRSN For the transition period from to Commission File Number: 000-23593 VERISIGN, INC. (Exact name of regi ...

Financial Performance - VeriSign reported revenue of $391 million for Q3 2024, a 3.8% increase from Q3 2023[1] - Operating income for Q3 2024 was $269 million, compared to $254 million in Q3 2023[1] - Net income for Q3 2024 was $201 million, with diluted EPS of $2.07, up from net income of $188 million and diluted EPS of $1.83 in Q3 2023[1] - Net income for the nine months ended September 30, 2024, increased to $594.2 million, up from $552.9 million in the same period last year, representing a growth of approximately 7.3%[11] - Net cash provided by operating activities rose to $671.1 million, compared to $649.6 million in the prior year, reflecting an increase of about 3.8%[11] - Cash paid for income taxes, net of refunds received, was $187.1 million, compared to $178.8 million in the prior year, reflecting an increase of about 4.6%[11] Cash Flow and Investments - Cash flow from operations was $253 million in Q3 2024, compared to $245 million in Q3 2023[2] - Proceeds from maturities and sales of marketable securities reached $1,009.6 million, significantly higher than $750.8 million in the previous year, indicating a growth of approximately 34.4%[11] - Cash, cash equivalents, and restricted cash at the end of the period totaled $272.7 million, up from $163.0 million at the end of the previous year, marking an increase of approximately 67.3%[11] - The company experienced a net increase in cash of $27.2 million, contrasting with a decrease of $(216.0) million in the same period last year[11] Shareholder Actions - VeriSign repurchased 1.7 million shares of common stock for an aggregate cost of $301 million during Q3 2024[2] - As of September 30, 2024, there was $1.28 billion remaining for future share repurchases under the share repurchase program[2] Domain Registrations - VeriSign ended Q3 2024 with 169.6 million .com and .net domain name registrations, a 2.5% decrease from Q3 2023[3] - During Q3 2024, VeriSign processed 9.3 million new domain name registrations for .com and .net, down from 9.9 million in Q3 2023[3] - The renewal rate for .com and .net domains for Q2 2024 was 72.7%, compared to 73.4% in Q2 2023[3] Deferred Revenues - Deferred revenues as of September 30, 2024, totaled $1.30 billion, an increase of $53 million from year-end 2023[2] - Deferred revenues increased to $52.9 million, compared to $43.0 million in the previous year, representing a growth of about 23.3%[11] Expenses and Depreciation - The company reported a decrease in depreciation of property and equipment to $28.1 million from $33.7 million, a reduction of approximately 16.6%[11] - Stock-based compensation expense remained relatively stable at $45.2 million, slightly up from $45.0 million year-over-year[11] Financing Activities - Net cash used in financing activities was $(951.0) million, compared to $(663.5) million in the same period last year, showing an increase in cash outflow of about 43.4%[11]

UKRAINE - 2021/04/26: In this photo illustration, the Verisign logo is seen on a smartphone and a pc ... [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Given its better prospects, we believe VeriSign stock (NASDAQ: VRSN), which provides domain name registry services and internet infrastructure, is a better pick than its industry peer, Gen Digital stock (NASDAQ: GEN), best known for its cyber safety products, including Norto ...

VeriSign, Inc. (NASDAQ:VRSN) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants David Atchley - Vice President of Investor Relations & Corporate Treasurer Jim Bidzos - Executive Chairman, President & Chief Executive Officer George Kilguss - Executive Vice President & Chief Financial Officer Conference Call Participants Rob Oliver - Baird Ygal Arounian - Citigroup Operator Good day, everyone. Welcome to VeriSign's Second Quarter 2024 Earnings Call. Today's conference is being reco ...

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, 2024 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. Registrant's telephone number, including area c ...

Verisign Reports Second Quarter 2024 Results RESTON, VA - July 25, 2024 - 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 2024. VeriSign, Inc. and its subsidiaries ("Verisign") reported revenue of $387 million for the second quarter of 2024, up 4.1 percent from the same quarter in 2023. Operating income was $266 million for the second quarter of 2024, compared to $249 million fo ...

Source - Analyst's compilation VeriSign generates revenues by charging domain registrars a fee for each domain registered under the .com and the .net TLD. As of February 2024, VeriSign's fee for a .com TLD registration or renewal is $10.26, while the fee applied for registration and renewal of a .net TLD is $10.91. However, despite the monopolistic position of VeriSign, the firm doesn't have complete discretion on the prices it charges for its TLDs. Fees, and subsequent increases, are agreed upon with the I ...

alengo/iStock via Getty Images How much would you be willing to pay a company with a free cash flow margin consistently above 50% and growing revenues for 16 years in a row? Probably a lot. What if I told you that the company in question has an NTM Market Cap / Free Cash Flow of only 18.65x? As you may have already guessed, this brief sketch refers to VeriSign (NASDAQ:VRSN), a well-known provider of domain name registry services. 33% far from its all-time high, investors seem to be less and less enthusiasti ...

VeriSign (VRSN) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.92. The company had reported EPS of $1.70 in the prior-year quarter.Revenues jumped 5.5% year over year to $384 million.Quarter in DetailsVRSN ended the reported quarter with 172.5 million .com and .net domain name registrations, down 1.3% year over year.The company processed 9.5 million new domain name registrations for .com and .net compared with 10.3 million in the year-ago quarter.The final .com and .net renewal rates fo ...

VeriSign, Inc. (NASDAQ:VRSN) Q1 2024 Results Conference Call April 25, 2024 4:30 PM ET Company Participants David Atchley - VP of IR and Corporate Treasurer Jim Bidzos - Executive Chairman, President and CEO George Kilguss - EVP and CFO Conference Call Participants Rob Oliver - Baird Ygal Arounian - Citi Operator Good day, everyone. Welcome to VeriSign's First Quarter 2024 Earnings Call. Today's conference is being recorded. Recording of this call is not permitted unless pre-authorized. At this time, I'd li ...