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Home > Web Hosting > Verisign extends the freeze on registry prices

Verisign extends the freeze on registry prices

Verisign announces the Q2 2020 financial results and extends the freeze on registry prices for top-level domains.


Erdem Yasar Erdem Yasar
July 25, 2020
1 min read

Domain name registry services and internet infrastructure provider, Verisign reported the financial results for the second quarter of 2020. The company reported revenue of $314 million, up 2.6% from the same quarter in 2019. The company also announced that it ended the second quarter of 2020 with cash, cash equivalents, and marketable securities of $1.19 billion, a decrease of $23 million from the end of 2019. Cash flow from operating activities was $215 million for the second quarter of 2020, compared to $165 million for the same quarter in 2019.

Freeze on registry prices

Jim Bidzos, Executive Chairman and Chief Executive Officer
Jim Bidzos, Executive Chairman and Chief Executive Officer

Verisign also announced that the company is extending the freeze on registry prices for all of its Top-Level Domains, including .com and .net, through March 31, 2021. According to the announcement, the company extends the waiver of the wholesale restoration fee for expired domains through the end of 2020. Jim Bidzos, Executive Chairman and Chief Executive Officer, said,

“For many people who are working from home and isolating at home, online services are critical. More businesses and individuals than ever depend on internet infrastructure for their livelihood. Commitment to our mission of maintaining our unparalleled record of uninterrupted .com and .net DNS is our priority.”

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Tags: Verisign
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7, Erdem was the managing editor of T3 Magazine.

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