13 Jun '13, 8pm

Q1 Results: Revenue Up 26%

Web.com Group, Inc. released its Q1 results for 2013. Revenue was up 26% year-over-year to $115.5 million. Web.com is the company that owns two top ten domain registrars – Network Solutions and Register.com. Operating loss was $2.5MM from $18.5MM in last year’s Q1. Net loss from continuing operations was $46.5MM compared to $29.8MM in 2012. Web.com’s Chairman & CEO, David Brown, said: “Web.com delivered a strong performance to start 2013, with first quarter revenue and profitability exceeding the high end of our guidance.” “The successful expansion of our average revenue per user and 3 million plus subscriber base is improving the long-term growth profile of Web.com. We also remain focused on maintaining our strong margins and looking for opportunities to further enhance profitability, such as our recent debt re-financings that are expected to drive annualized interest sav...

Full article: http://www.thedomains.com/2013/06/13/web-com-q1-results-r...

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