Radix reports over 54% growth in profit for 2019, revenue grows by over 26%
Earlier this week, Radix announced that it grossed over $21M in total revenue in 2019, a 26% rise over its revenue in 2018. The registry’s net profit also grew by 54% in comparison to last year. Overall, Q4 2019 was its strongest quarter.
In the total annual revenue of over $21M, 25% has been contributed by standard registrations and 64% by standard renewals. Radix’s premium domains cumulatively generated over $2M in revenue, of which 58% can be attributed to premium renewals. One-time premium sales contributed to over $93K in revenue. The $21M in revenue is net of all discounts and rebates.
Based on registrars’ country data, the top contributor to Radix’s revenue has been the United States with 50% of the total share, followed by Germany with 12%, and China with 7%.
In 2018, Radix had reported a 45.6% growth in net profit over the previous year. With a 54% growth in 2019, Radix has managed to increase YoY growth rate in net profit owing to increased economies of scale and better resource allocation.
Currently, Radix is the only portfolio registry that has two of its nTLDs with over 1 million domain registrations each. While .ONLINE hit the 1M milestone in November 2018, .SITE joined the 1M league in February 2019. Late last year, Radix acquired .UNO; it’s second 3-letter nTLD after .FUN.