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 ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 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. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 10-Q ____________________ (Mark One) (Exact name of registrant as specified in its c ...

VeriSign, Inc. (NASDAQ:VRSN) Q1 2023 Earnings Conference Call April 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 First Quarter 2023 Earnings Call. Today's conference is being recorde ...

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 March 31, 2023 OR Registrant's telephone number, including area code: (703) 948-3200 For the transition period from to Securities registered pursuant to Section 12(b) of the Act: Commission File Number: 000-23593 | Title of each class | T ...

PART I [Item 1. Business](index=3&type=section&id=Item%201.%20Business) Verisign provides global domain name registry services and internet infrastructure, operating .com and .net, ensuring security and stability [Overview](index=3&type=section&id=Overview) Verisign is a global provider of domain name registry services and internet infrastructure, enabling internet navigation for recognized domain names like .com and .net - Verisign is a global provider of domain name registry services and internet infrastructure, enabling internet navigation for recognized domain names like .com and .net[11](index=11&type=chunk) - The company ensures the security, stability, and resiliency of key internet infrastructure, including Root Zone Maintainer services and operating two of the 13 global internet root servers[11](index=11&type=chunk) [Services](index=3&type=section&id=Services) Verisign operates authoritative directories and back-end systems for various domain names, including .com and .net, under agreements with ICANN and the U.S. Department of Commerce - Verisign operates authoritative directories and back-end systems for .com, .net, .cc, .gov, .edu, and .name domain names, providing secure and always-on access[17](index=17&type=chunk) - The company is the exclusive registry for .com, .net, and .name gTLDs under agreements with ICANN and the U.S. Department of Commerce, maintaining authoritative directories and providing DNS resolution[18](index=18&type=chunk) - Domain name registration prices for .com, .net, and .name are controlled by ICANN agreements, with .com and .name incurring a **$0.25 quarterly fee** to ICANN per annual registration, and .net a **$0.75 fee**[21](index=21&type=chunk) [Operations Infrastructure](index=4&type=section&id=Operations%20Infrastructure) Verisign's operations infrastructure includes secure global data centers and points of presence, designed for high availability, rapid failover, and robust security - Verisign's main operations infrastructure includes secure data centers in Dulles, Ashburn (Virginia), and New Castle (Delaware), along with over **200 global points of presence**[23](index=23&type=chunk) - The infrastructure processes hundreds of billions of transactions daily, featuring distributed servers for rapid failover and load balancing, redundant global networking, and robust security measures including firewalls and intrusion detection[23](index=23&type=chunk)[24](index=24&type=chunk) - The company maintains disaster recovery and business continuity capabilities with mirrored services and advanced storage systems to ensure continuous operation and data protection[28](index=28&type=chunk) [Marketing, Sales and Distribution](index=5&type=section&id=Marketing,%20Sales%20and%20Distribution) Verisign aims to expand its domain name base through targeted marketing campaigns, providing tools for registrars and end-users - Verisign aims to expand its business through targeted marketing campaigns to grow the .com and .net domain name base, both domestically and internationally, providing tools for registrars and end-users[29](index=29&type=chunk) [Research and Development](index=5&type=section&id=Research%20and%20Development) Continuous R&D is crucial for Verisign's competitiveness, focusing on new and enhanced services, monitoring, registry platforms, and security - Timely development of new and enhanced services, including monitoring, registry platforms, and security, is crucial for competitiveness[30](index=30&type=chunk) - Future enhancements and new services are expected from internal development, collaboration with vendors and customers, and potential third-party technology acquisitions or licenses[31](index=31&type=chunk) [Competition](index=5&type=section&id=Competition) Verisign faces competition from other TLD registries and alternative online presence providers, with its agreements imposing pricing and distribution restrictions - Verisign faces competition from other gTLD and ccTLD registries (e.g., CNNIC, DENIC, Google) and from alternative online presence providers like search engines (Google, Baidu), social media (Facebook, WeChat), and e-commerce platforms (Amazon, eBay)[32](index=32&type=chunk)[33](index=33&type=chunk) - The company's agreements with ICANN impose pricing, bundling, and distribution restrictions on .com, .net, and .name, potentially creating a competitive disadvantage compared to other TLDs[32](index=32&type=chunk) [Industry Regulation](index=6&type=section&id=Industry%20Regulation) The DNS is governed by a multi-stakeholder model with ICANN, and Verisign is subject to various country-level laws and regulations, including data security and privacy - The DNS is governed by a multi-stakeholder model, with ICANN playing a central coordination role, and Verisign is obligated to follow ICANN's Consensus or Temporary Policies[35](index=35&type=chunk) - Verisign is subject to country-level laws and regulations, including licensing requirements in China for .com, .net, and .cc, and data security/privacy regulations (e.g., GDPR) in various jurisdictions[36](index=36&type=chunk) [.com Generic Top-Level Domain](index=6&type=section&id=.com%20Generic%20Top-Level%20Domain) Operation of the .com gTLD is governed by a six-year registry agreement with ICANN, renewable by November 30, 2024, and a Cooperative Agreement with the U.S. DOC - Operation of the .com gTLD is governed by a six-year registry agreement with ICANN, renewable by November 30, 2024, with a presumptive right of renewal but subject to termination conditions[37](index=37&type=chunk) - Amendment 3 to the .com Registry Agreement allows for annual price increases of up to **7%** in the final four years of each six-year period, with the first period starting October 26, 2018[39](index=39&type=chunk) - The .com gTLD operation is also subject to a Cooperative Agreement with the U.S. DOC, extended until November 30, 2024, with automatic six-year renewals unless non-renewal notice is given[40](index=40&type=chunk) [.net Generic Top-Level Domain](index=7&type=section&id=.net%20Generic%20Top-Level%20Domain) The .net gTLD is operated under a six-year registry agreement with ICANN, expiring July 1, 2023, with terms similar to .com but allowing annual price increases of up to 10% - The .net gTLD is operated under a six-year registry agreement with ICANN, expiring July 1, 2023, with terms similar to .com but allowing annual price increases of up to **10%**[45](index=45&type=chunk) [Root Operations](index=7&type=section&id=Root%20Operations) Verisign operates two of the world's thirteen root servers and performs the Root Zone Maintainer function under an agreement with ICANN expiring October 19, 2024 - Verisign operates two of the world's thirteen root servers and performs the Root Zone Maintainer function, publishing authoritative root zone data under an agreement with ICANN expiring October 19, 2024[46](index=46&type=chunk) [Human Capital Management](index=7&type=section&id=Human%20Capital%20Management) As of December 31, 2022, Verisign had 917 employees, focusing on talent attraction, development, and retention, with a commitment to DEI and a hybrid work model - As of December 31, 2022, Verisign had **917 employees** (**914 full-time**), with **93%** based in the U.S. and **7%** internationally[49](index=49&type=chunk) - The company focuses on attracting, developing, and retaining talent, with an average employee tenure of approximately **9 years**, and a high engagement rate (**85% participation** in the October 2022 survey)[49](index=49&type=chunk)[50](index=50&type=chunk) - Verisign is committed to Diversity, Equity, and Inclusion (DEI), with **28% female** and **43% ethnically/racially diverse** U.S. employees as of December 31, 2022, and is transitioning to a hybrid work model[49](index=49&type=chunk)[51](index=51&type=chunk)[55](index=55&type=chunk) Employee Headcount by Function (as of December 31) | Function | 2022 | 2021 | 2020 | | :------------------------ | :--- | :--- | :--- | | Cost of revenues | 242 | 235 | 235 | | Research and development | 255 | 250 | 260 | | Selling, general and administrative | 420 | 419 | 414 | | **Total** | **917** | **904** | **909** | [Intellectual Property](index=8&type=section&id=Intellectual%20Property) Verisign protects its proprietary assets through copyrighted software, trademarks, patents, trade secrets, and confidentiality agreements, relying on its brand for differentiation - Verisign protects its proprietary assets through copyrighted software, trademarks, patents, trade secrets, and confidentiality agreements[57](index=57&type=chunk) - The company holds numerous U.S. and international patents and actively files new applications, while also relying on its Verisign brand for differentiation[58](index=58&type=chunk)[59](index=59&type=chunk) - Key intellectual property includes proprietary software for its Shared Registration System and ATLAS distributed lookup system, though some software and protocols are public domain or open standards[60](index=60&type=chunk) [Information About Our Executive Officers](index=9&type=section&id=Information%20About%20Our%20Executive%20Officers) Executive Officers (as of February 17, 2023) | Name | Age | Position | | :------------------ | :-- | :------------------------------------------------- | | D. James Bidzos | 67 | Executive Chairman and Chief Executive Officer | | Todd B. Strubbe | 59 | President and Chief Operating Officer | | George E. Kilguss, III | 62 | Executive Vice President, Chief Financial Officer | | Danny R. McPherson | 48 | Executive Vice President, Engineering, Operations and Chief Security Officer | | Thomas C. Indelicarto | 59 | Executive Vice President, General Counsel and Secretary | [Item 1A. Risk Factors](index=10&type=section&id=Item%20

Financial Data and Key Metrics Changes - In 2022, revenue grew by 7.3% year-over-year to $1.425 billion, and operating income increased by 8.8% to $943 million [6][10] - Operating expenses totaled $482 million, up 4.6% from the previous year, with an operating margin of 66.2% [10] - For Q4 2022, revenue was $369 million, an increase of 8.5% year-over-year, while operating income rose by 10.5% to $245 million [10][11] - Net income for Q4 2022 was $179 million, resulting in diluted earnings per share of $1.70, down from $2.97 in Q4 2021 [11][12] Business Line Data and Key Metrics Changes - New registrations in Q4 2022 were 9.7 million, down from 10.6 million in the same quarter a year ago, attributed to various factors including reduced registrations from China [7] - The renewal rate for Q4 2022 was approximately 73.2%, slightly down from 73.7% in the previous quarter and 74.8% a year ago [7] Market Data and Key Metrics Changes - The domain name base in .com and .net reached 173.8 million, with a year-over-year growth rate of 0.2% [25] - The expected growth rate for the domain name base in 2023 is projected to be between 0% and 2.5% [26] Company Strategy and Development Direction - The company aims to maintain reliable operations and invest in critical Internet infrastructure while exercising careful expense control [24][54] - A price increase for .com domain names from $8.97 to $9.59 is set to take effect on September 1, 2023 [26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macroeconomic uncertainties and indicated that the recovery from the pandemic will take longer than expected [57] - The company remains optimistic about the long-term fundamentals of the domain name business, despite current challenges [64] Other Important Information - The company repurchased 5.5 million shares for $1 billion in 2022, with $859 million remaining under the current share repurchase program [25][54] - The transition of the .tv agreement to a new registry operator was completed, with revenue from this agreement totaling approximately $19 million for 2022 [29] Q&A Session Summary Question: Thoughts on macroeconomic factors and domain growth - Management noted that while there are uncertainties, they have not factored in the impact of layoffs on new business starts, although they track this data [46] - They believe that domain name activity will eventually return to pre-pandemic levels, but 2023 remains difficult to predict [47] Question: Impact of ChatGPT on domain names - Management views ChatGPT as potentially beneficial, as it may help users find suitable domain names through their NameStudio product [59] Question: Insights on the Chinese market and its reopening - Management highlighted that lower first-time renewal rates from China were a factor in 2022, and it is too early to assess the impact of China's reopening on 2023 [42][43] Question: Operating margins and expense control - Management indicated that responsible expense management contributed to better-than-expected operating margins, with overall expenses growing by about 4.6% [68]

VeriSign, Inc. (NASDAQ:VRSN) Q3 2022 Earnings Conference Call October 27, 2022 4:30 PM ET Company Participants David Atchley - Vice President, Investor Relations and Corporate Treasurer James Bidzos - Chairman and Chief Executive Officer George Kilguss - Executive Vice President and Chief Financial Officer Todd Strubbe - President and Chief Operating Officer Conference Call Participants Rob Oliver - Baird Operator Good day, everyone and welcome to VeriSign’s Third Quarter 2022 Earnings Call. Today’s confere ...