31 Jul '14, 8pm

misses revenue target, acquires UK online directory company

Web.com’s Q2 revenue numbers don’t hit company’s target. Web.com, which owns Network Solutions, Register.com and SnapNames, released earnings after the bell today. GAAP revenue for the second quarter was $138.2 million. Adjusted revenue was $144.7 million. Although that’s up 10% year-over-year, it’s below the company’s guidance range of $146.0 million to $147.5 million. The company added 38,500 subscribers last quarter. The earnings press release does not mention the number of registered domain names. It will be interested to hear if registration numbers are discussed on the earnings call this afternoon; the number would be inflated by free .xyz registrations. Web.com also announced the acquisition of Scoot today. With over 400 websites, Scoot is the largest online only business directory network in the United Kingdom.

Full article: http://domainnamewire.com/2014/07/31/web-com-misses-reven...

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