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RESTON, Va. - VeriSign, Inc. (NASDAQ:VRSN) reported first quarter earnings and revenue that surpassed analyst expectations, while also announcing the initiation of a quarterly cash dividend. The company’s stock was up 0.8% following the news.
The domain name registry services provider posted adjusted earnings per share of $2.10 for Q1 2025, exceeding the analyst consensus of $2.07. Revenue came in at $402.3 million, up 4.7% YoY and above estimates of $396.52 million.
VeriSign’s Board of Directors declared a quarterly cash dividend of $0.77 per share, payable on May 28, 2025 to stockholders of record as of May 19, 2025. The company intends to continue paying a quarterly dividend, subject to market conditions and board approval.
"Verisign delivered solid results in the first quarter. As part of our ongoing commitment to return value to shareholders, I’m particularly pleased to announce the initiation of a quarterly cash dividend," said Jim Bidzos, Executive Chairman, President and Chief Executive Officer.
The company ended Q1 with 169.8 million .com and .net domain name registrations, down 1.5% from the same period last year. However, new domain name registrations increased to 10.1 million in Q1 2025, compared to 9.5 million in Q1 2024.
VeriSign’s cash flow from operations rose to $291 million for the quarter, up from $257 million in the year-ago period. The company repurchased 1.0 million shares of its common stock for $230 million during Q1.
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