VeriSign, Inc. (NASDAQ:VRSN) Q4 2023 Earnings Conference Call February 8, 2024 4:30 PM ET Company Participants David Atchley - VP, IR & Corporate Treasurer Jim Bidzos - Executive Chairman & CEO Todd Strubbe - President and COO George Kilguss - EVP & CFO Conference Call Participants Rob Oliver - Baird Ygal Arounian - Citi Operator Good day, everyone. Welcome to Verisign's Fourth Quarter and Full Year 2023 Earnings Call. Today's conference is being recorded. Recording of this call is not permitted unless prea ...

VeriSign (VRSN) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.92%. A quarter ago, it was expected that this internet infrastructure services provider would post earnings of $1.74 per share when it actually produced earnings of $1.83, delivering a surprise of 5.17%.Over the last fo ...

VeriSign (VRSN) closed the latest trading day at $200.25, indicating a +0.69% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.25%. Elsewhere, the Dow saw an upswing of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.Shares of the internet infrastructure services provider witnessed a loss of 1.16% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 2.42% and the S&P 500's gain of 1.58%.Market pa ...

VeriSign (VRSN) closed the most recent trading day at $203.11, moving +0.03% from the previous trading session. This change outpaced the S&P 500's 0.07% loss on the day. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.36%.Prior to today's trading, shares of the internet infrastructure services provider had lost 1.57% over the past month. This has lagged the Computer and Technology sector's gain of 5.93% and the S&P 500's gain of 3.05% in that time.The ...

VeriSign (VRSN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this internet infrastructure services provider have returned -0.2%, compared to the Zacks S&P 500 composite's +0.9% change. During this period, the Zacks Internet - Software and Services industry, which VeriSign falls in, has lost 8.1%. The key question now is: What could be the stock' ...

The latest trading session saw VeriSign (VRSN) ending at $202.44, denoting a -0.85% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a loss of 0.62%, and the technology-centric Nasdaq decreased by 0.19%.The internet infrastructure services provider's stock has dropped by 1% in the past month, falling short of the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56%.The investment community will be closel ...

RESTON, Va.--(BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that its earnings call for the fourth quarter and full year 2023 will take place on Thursday, Feb. 8, 2024, at 4:30 p.m. (EST). The earnings news release will be distributed to the wire services at approximately 4:05 p.m. (EST) that day and will also be available directly from the company’s website at https://investor.verisign.com. Verisign wi ...

Financial Data and Key Metrics - Revenue for Q3 2023 was $376 million, up 5.4% YoY [4] - Operating income for Q3 2023 was $254 million, up 7.4% YoY [4] - Net income for Q3 2023 was $188 million, compared to $169 million in Q3 2022 [26] - Diluted EPS for Q3 2023 was $1.83, up from $1.58 in Q3 2022 [26] - Operating cash flow for Q3 2023 was $245 million, down from $262 million in Q3 2022 [26] - Free cash flow for Q3 2023 was $217 million, down from $255 million in Q3 2022 [26] - The domain name base for .com and .net totaled 173.9 million at the end of Q3 2023, slightly up from 173.8 million at the end of 2022 [37] - The domain name base decreased by 0.5 million in Q3 2023 [37] - The renewal rate for Q3 2023 was approximately 73.4%, compared to 73.7% in Q3 2022 [23] Business Line Data and Key Metrics - New domain registrations in Q3 2023 were 9.9 million, flat YoY [2] - Revenue from China-based registrars was $22 million, down $5 million YoY [7] - Revenue from registrars outside China was $354 million, up $24 million YoY [7] Market Data and Key Metrics - China market demand remains weak due to challenging economic conditions, stringent regulations, and weaker local currency [7][43] - Ex-China registrars showed growth in both new registrations and domain name base [9][23] - The company expects the full-year 2023 domain name base change to be between -0.4% and +0.4%, reflecting uncertainty primarily due to China's weakness [23] Company Strategy and Industry Competition - The company is focused on delivering secure and reliable infrastructure services and managing expenses responsibly [27][35] - The introduction of .web is expected to add more registration choices and attract millions of potential customers [3] - The company continues to invest in infrastructure while managing expenses, with a focus on responsible expense control [16][31] Management Commentary on Operating Environment and Future Outlook - The company acknowledges ongoing macroeconomic and geopolitical turbulence, including high interest rates, inflation, and geopolitical issues [9][17] - The company remains optimistic about its business fundamentals and ability to deliver strong financial results despite external challenges [28] - The company expects full-year 2023 revenue to be between $1.490 billion and $1.495 billion, with operating income between $995 million and $1 billion [40] Other Important Information - The company repurchased 1.1 million shares for $220 million in Q3 2023, with $1.34 billion remaining under the share repurchase program [38] - The company ended Q3 2023 with $943 million in cash, cash equivalents, and marketable securities [38] Q&A Session Summary Question: China Market Outlook - The company noted weak demand in China due to economic conditions, regulatory environment, and currency issues [7][43] - Management believes the situation in China is a "perfect storm" and is uncertain when it will stabilize [44] Question: ICANN's .web Decision - The company supports ICANN's decision regarding .web and believes the IRP filed by Altanovo is for delay purposes [3][39] - The company intends to bring .web to market and is monitoring legal proceedings [45] Question: Domain Growth by Geography - The company does not break out domain name base by geography for competitive reasons but points to geographic revenue disclosures for growth insights [9][47] - The company charges the same price across all markets, and the domain name base remains resilient outside of China [47] Question: Cost Management and Investments - The company expects expenses to be lower by around 3% in 2023, with $5 million in cost savings from .tv migration [10] - The company will provide full-year 2024 guidance in the next earnings call [10][16] Question: Macroeconomic Impact - The company acknowledges macroeconomic and geopolitical challenges, including high interest rates and inflation, but remains focused on controlling what it can [12][17] - The company is cautious about the impact of global events, such as the Ukraine conflict and Middle East tensions, on the economy [17]

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, 2023 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 ...

VeriSign, Inc. (NASDAQ:VRSN) Q2 2023 Earnings Conference Call July 27, 2023 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations & Corporate Treasurer Jim Bidzos - Executive Chairman & Chief Executive Officer George Kilguss - Executive Vice President & Chief Financial Officer Conference Call Participants Rob Oliver - Robert W. Baird Ygal Arounian - Citigroup Operator Good day, everyone. Welcome to VeriSign's Second Quarter 2023 Earnings Call. Today's conference is being recorde ...