Wow! New gTLD of .VIP has 76% Renewal Rate owing to Chinese

Company looks forward to contribution from ICM Registry domain names.

Top level domain name company Minds + Machines (MMX) reported first half earnings today and set out expectations for the rest of the year.

The company reported revenue of $6.4 million in H1 2018, up from $5.3 million in H1 2017. A better measure of revenue takes into account partner payments. That was $5.3 million, up from $4.3 million.

While MMX acquired ICM Registry, the company that runs the .xxx top level domain, in the first half its contribution was only for two weeks. ICM will add significantly to the company’s performance in the second half of the year, but the company cautions that one-off high ticket premium domain sales last year will create headwinds on this year’s second half because the company doesn’t foresee a repeat performance.

The company also reported good results with .VIP. During the second anniversary of its launch, renewal rates were 76%. This is despite a bursting of the Chinese domain name bubble. 9 of the top 10 registrars for .VIP are Chinese.

Source from domainnamewire.com, author ANDREW ALLEMANN

Relevant link: https://nicenic.com/domain/vip-domain-registration.php