Financial Data and Key Metrics Changes - VeriSign reported revenue of $419 million for Q3 2025, reflecting a 7.3% increase year-over-year [7] - Net income for the quarter was $213 million, compared to $201 million in Q3 2024, resulting in diluted EPS of $2.27, up from $2.07 a year ago [7] - Operating cash flow was $308 million, and free cash flow was $303 million, compared to $248 million in the same quarter last year [7][8] - The domain name base for .com and .net reached 171.9 million, up 1.4% year-over-year, with 10.6 million new registrations in the quarter [4][5] Business Line Data and Key Metrics Changes - The renewal rate for Q3 2025 improved to 75.3%, up from 72.2% a year ago, indicating stronger customer retention [5][16] - Net registrations added during the third quarter were 1.45 million names, supported by strong new registration volumes [4][5] Market Data and Key Metrics Changes - The domain name base grew sequentially across the three main regions, with the U.S. and EMEA showing the strongest growth [5][15] - The Asia Pacific region, including China, experienced growth but was not as strong as in the first half of 2025 [15] Company Strategy and Development Direction - The company plans to continue enhancing its marketing programs based on registrar feedback, aiming for higher quality and renewing names [33] - VeriSign expects domain name base growth to be between 2.2% and 2.5% for 2025, reflecting positive trends observed in the first three quarters [5][17] - The company is focused on leveraging AI to improve domain name suggestions and enhance DNS resolution services, which is expected to drive future growth [25][28] Management's Comments on Operating Environment and Future Outlook - Management noted that the improved domain name base trends are a result of effective marketing adjustments and favorable cyclical shifts [9][14] - The company anticipates continued strength in demand for domain names, particularly due to the increasing use of AI [25][28] Other Important Information - VeriSign returned $287 million to shareholders through dividends and share repurchases during the quarter [4][6] - The Board declared a cash dividend of $0.77 per share, payable on November 25, 2025 [6] Q&A Session Summary Question: Insights on domain name base trends and marketing programs - Management highlighted improvements in marketing programs and registrar engagement as key factors driving growth, with a positive response to 2026 program rollouts [12][14][15] Question: Impact of Google AdSense changes - Management indicated that changes to Google AdSense are part of a long-term trend and have minimal impact on their business model, focusing on domains intended for resale [18][19][20] Question: AI's impact on the business - Management noted that AI is positively influencing registrations and DNS services, with ongoing efforts to utilize AI for domain name suggestions and operational efficiencies [24][25][28] Question: Updates on .web and new TLD auctions - Management confirmed that the final hearing for .web is scheduled for mid-November 2025, and they are preparing for ICANN's new gTLD round expected to open in Q2 2026 [41][42][50]

Financial Data and Key Metrics Changes - VeriSign reported revenue of $419 million for Q3 2025, an increase of 7.3% year over year [10] - Net income for the quarter was $213 million, compared to $207 million in the previous quarter and $201 million in Q3 2024 [10] - Diluted earnings per share (EPS) rose to $2.27, up from $2.21 in the previous quarter and $2.07 a year ago [11] - The renewal rate for 2025 is expected to be 75.3%, an increase from 72.2% a year ago [7] Business Line Data and Key Metrics Changes - The domain name base for .com and .net reached 171.9 million, up 1.4% year over year [5] - New registrations totaled 10.6 million for the quarter, contributing to net registrations of 1.45 million [6] - The company returned $287 million to shareholders through dividends and share repurchases [6] Market Data and Key Metrics Changes - The domain name base grew sequentially across three main regions, with the U.S. and EMEA showing the strongest growth [7] - The company anticipates domain name base growth to be between 2.2% and 2.5% for 2025 [8] Company Strategy and Development Direction - The company is focused on enhancing registrar engagement and adapting marketing programs to improve domain name demand [13] - Plans for 2026 have been rolled out based on feedback from registrars, indicating a commitment to continuous improvement [21] - The company sees AI as a significant driver for future growth, particularly in domain name suggestions and DNS resolution services [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued positive trends in domain name registrations and renewals [13] - The company views the impact of AI as beneficial, with expectations for increased reliance on DNS services [34] - Management remains optimistic about the company's financial stability and liquidity, with $618 million in cash and equivalents [8] Other Important Information - The Board of Directors declared a cash dividend of $0.77 per share, payable on November 25, 2025 [8] - The company has $1.33 billion remaining under its current share repurchase program [8] Q&A Session Summary Question: Insights on domain-based trends and marketing programs - Management noted improvements in domain-based trends due to enhanced marketing programs and registrar engagement [20][21] Question: Impact of Google AdSense changes - Management indicated that changes to Google AdSense are part of a long-term trend and have minimal impact on their business [24] Question: AI's impact on the business - Management highlighted that AI is positively affecting registrations and DNS services, with ongoing efforts to leverage AI for efficiency [36] Question: Update on .web timeline and new TLDs - Management confirmed that the final hearing for .web is scheduled for mid-November 2025 and discussed the upcoming ICANN round of new gTLDs expected to open in Q2 2026 [57][60]

Financial Data and Key Metrics Changes - VeriSign reported revenue of $419 million for Q3 2025, representing a 7.3% increase year-over-year [8] - Net income for the quarter was $213 million, compared to $207 million in the previous quarter and $201 million in Q3 2024 [8] - Diluted EPS increased to $2.27 from $2.21 in the previous quarter and $2.07 a year ago [8] - Operating cash flow was $308 million, and free cash flow was $303 million, up from $253 million and $248 million respectively in the same quarter last year [8] Business Line Data and Key Metrics Changes - The domain name base for .com and .net reached 171.9 million, up 1.4% year-over-year, with 10.6 million new registrations in the quarter [4][5] - The renewal rate for Q3 2025 is expected to be 75.3%, an increase from 72.2% a year ago [5][17] Market Data and Key Metrics Changes - The domain name base grew sequentially across three main regions, with the U.S. and EMEA showing the strongest growth [5][15] - The growth in the domain name base is expected to be between 2.2% and 2.5% for 2025 [5] Company Strategy and Development Direction - The company continues to focus on enhancing registrar engagement and adapting marketing programs to improve domain name base trends [10][14] - Plans for 2026 programs have been rolled out, incorporating feedback from registrars to refine strategies [10][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued strength of demand for domain names, attributing it to effective marketing strategies and favorable cyclical shifts [10][18] - The impact of AI on the business is seen as positive, with increased registrations and utilization of DNS services [23][24] Other Important Information - The company returned $287 million to shareholders through dividends and share repurchases during the quarter [4][6] - A cash dividend of $0.77 per share was declared, payable on November 25, 2025 [6] Q&A Session Summary Question: Insights on domain name base trends and marketing programs - Management noted improvements in domain name base trends due to enhanced marketing programs and registrar engagement [13][14] Question: Impact of Google AdSense changes - Management indicated that changes to Google AdSense have minimal impact on their business, as the trend of reducing reliance on ad monetization has been ongoing for years [19][20] Question: AI's impact on the business - AI is positively influencing registrations and DNS utilization, with the company leveraging AI for domain name suggestions and operational efficiencies [22][23][25] Question: Update on .web and new TLDs - No significant updates on .web; the final hearing is scheduled for mid-November 2025, and ICANN's new gTLD round is expected to open in Q2 2026 [38][40]