Total Revenue

+6% " " "

VRSN’s total revenue increased from $387.1M in Q2 2024 to $409.9M in Q2 2025, a 6% boost likely driven by ongoing price increases and improved market conditions that build on the growth trends seen in previous periods. " " "

U.S. Revenue

+5% " " "

U.S. revenue grew from $257.7M to $270.5M (a 5% increase), reflecting continued robust demand and stable pricing strategies for core domain products, consistent with earlier period trends in the U.S. market. " " "

EMEA Revenue

+12% " " "

EMEA revenue rose from $61.6M to $68.8M (nearly a 12% increase), suggesting that enhanced registrar activities and improved domain registration trends—fueled in part by effective regional marketing programs—have amplified revenue traction compared to earlier quarters. " " "

Other Region

-48% " " "

Revenue in the Other region declined sharply from $48.0M to $25.1M (approximately a 48% drop), indicating significant shifts in registrar strategies or market disruptions that contrast with the overall positive momentum seen in core regions in previous periods. " " "

APAC Revenue

N/A (first reported in Q2 2025) " "

With APAC revenue reported at $45.5M in Q2 2025—its first appearance after being unavailable in Q2 2024—the change likely reflects adjustments in regional reporting or efforts to expand market presence, which may have important forward-looking growth implications. " "

Revenue

FY 2025

$1,635,000,000 - $1,650,000,000 "

$1,645,000,000 - $1,655,000,000 " "

raised

Operating Income

FY 2025

$1,110,000,000 - $1,125,000,000 "

$1,117,000,000 - $1,127,000,000 "

raised

Interest Expense and Nonoperating Income (Net)

FY 2025

$50,000,000 - $60,000,000 "

$50,000,000 - $60,000,000 "

no change

Capital Expenditures

FY 2025

$30,000,000 - $40,000,000 "

$25,000,000 - $35,000,000 "

lowered

GAAP Effective Tax Rate

FY 2025

21% - 24% "

21% - 24% "

no change

Domain Growth and Registration Trends

Q1 2025 reported a domain name base of 169.8 million with modest increases " ; Q4 2024 saw a contraction to 169 million with sequential declines " " ; Q3 2024 noted a decline of 1.1 million names and challenges from registrar strategies and China-related weakness " "

Q2 2025 showed a base of 170.5 million names, an increase of 660,000 names, and higher new registrations along with improved renewal rates " "

**Shift from mixed or declining performance to clear growth and enhanced retention, indicating a positive momentum. " " " " **

Renewal Metrics and Domain Base Guidance

Q1 2025 guidance was narrow (–0.7% to +0.9%) with a renewal rate of 75.3% " " " ; Q4 2024 and Q3 2024 conveyed lower renewal rates (73.9% in Q4; 72.3% in Q3) with negative base changes " "

Q2 2025 renewal rate improved to 75.5% and updated guidance projects domain base growth between +1.2% and +2% " "

**Marked improvement in renewal rates and revised growth expectations, reflecting an upward adjustment in business outlook. " " " **

Registrar Marketing Programs and Customer Acquisition

Q1 2025 introduced tailored marketing programs with some early adoption " " ; Q3 2024 mentioned pilot programs with registrars amid slow full adoption " ; Q4 2024 noted early signs of adoption to counteract ARPU focus " "

Q2 2025 emphasized an acceleration of marketing program impact with a clear refocus from ARPU to new customer acquisition, driving improved registrations and retention " "

**Continued maturation of programs with a stronger emphasis on customer acquisition; the sentiment has shifted to a more positive, growth-oriented outlook. " " " **

Economic, Macroeconomic, and Geopolitical Uncertainty

Q1 2025 acknowledged caution given an uncertain macroeconomic and geopolitical environment " " " ; Q3 and Q4 2024 did not mention this topic

Q2 2025 again cited economic and geopolitical uncertainty as a factor, even as improving trends give reason for cautious optimism "

**Despite persistent concerns, improved operational metrics help balance the uncertainty; the overall sentiment remains cautiously optimistic. " " **

New TLD Opportunities and .web TLD Litigation/Delays

Q1 2025 provided detailed updates on .web litigation and a commitment to operate it " ; Q4 2024 discussed participation in new TLD auctions and delays in .web with expectations for hearings later in 2025 " ; Q3 2024 did not cover this topic

Q2 2025 continued to update on the litigation process for .web, including IRP participation and evolving new TLD opportunities for the future "

**Ongoing focus on resolving .web litigation and exploring new TLD opportunities; the sentiment is assertive with a strong commitment despite protracted delays. " " **

Asia Pacific and China Market Performance

Q3 2024 highlighted significant China-related weakness and regulatory pressures " " " ; Q4 2024 noted a decrease in China’s domain base with little emphasis on broader Asia Pacific dynamics "

Q2 2025 stressed robust year‐over‐year growth in the Asia Pacific region while acknowledging persistent volatility in China " " "

**Improved performance in the broader Asia Pacific market now contrasts with ongoing caution regarding China, suggesting a regional divergence in outlook. " " **

Capital Allocation Strategies (Dividends and Share Repurchases)

Q1 2025 initiated quarterly dividends along with share repurchases (1 million shares, $230 million) " " ; Q3 2024 and Q4 2024 focused solely on share repurchases, with large buyback programs " " "

Q2 2025 reinforced both dividends (with a declared quarterly dividend) and share repurchases, and even expanded share repurchase authorization to $1.5 billion "

**An expanded and diversified capital return strategy now combining dividends with repurchases signals a stronger commitment to shareholder returns. " " **

Shifts in US Registrar Pricing and ARPU Focus

Q1 2025 mentioned a positive shift toward customer acquisition (with examples like Super Bowl ads) " ; Q3 2024 and Q4 2024 emphasized a predominant focus on higher retail pricing, aftermarket sales, and ARPU with limited new customer acquisition " " " "

Q2 2025 highlighted a shift away from an ARPU-centric approach toward new customer acquisition, aided by improved marketing programs " "

**A cyclical rebalancing is underway as registrars pivot from ARPU strategies to prioritizing growth through customer acquisition, reflecting a more optimistic future outlook. " " " **