Slide 1: Q1 2025 Earnings Conference Call
Q1 2025 Earnings Conference Call April 24, 2025
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Statements in this presentation other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not li
Slide 3: Introduction
Introduction Business Highlights Capital Allocation Financial Performance Guidance Summary / Q&A / Appendix
Slide 4: Introduction
Introduction Our Mission Verisign enables the • Verisign’s Board announced the introduction of world to connect online a quarterly cash dividend of $0.77 per share with reliability and confidence, anytime, • Our critical internet infrastructure and the anywhere expertise of our teams enable us to re
Slide 5: Business Highlights: Domain Name Base
Business Highlights: Domain Name Base Domain Name Base(1) Net Change 169.8 0.78 million names end Q1-25, -1.5% Y/Y million names Q/Q Millions 157.2 million .com names and 12.6 million .net names 180 170 160 150 140 130 120 110 100 Domain Name Base 1) The domain name base as presented here is the act
Slide 6: Business Highlights
Business Highlights New Name Registrations Q1 Preliminary Renewal Rate“) Q2-25 Expiring Names 10.1 75.3% 37.6 million vs 74.0% last quarter million vs 74.1% last year vs 39.2 million Q2-24 vs 9.5 million Q1-24, +5.9% Y/Y Ea.com/.net New Name Registrations =e=Renewal rate TA8% 73.3% 73.2% 74.0% 750%
Slide 7: Capital Allocation
2) Capital Allocation Q1 Share Repurchases Free Cash Flow”) $230 $907 million; 1.0 million shares million TTM end Q1-2025 Millions $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 2021 2022 2023 2024 TTM Q1-25 mRepurchases Free Cash Flow Remaining Authorized for Repurchases Cash and Investments®) $793 $6
Slide 8: Financial Performance: Q1 2025
Financial Performance: Q1 2025 Revenue Operating Income $402 $271 $ Millions million; +4.7% Y/Y million; +4.7% YY 425 4 400 + 375 4 350 4 325 300 4 275 + 250 4 225 4 200 4 175 + 150 + 125 + mRevenue Operating Income 100 + _ s _ _ y 17 y 7 > > > > > ‘Ss be > > oe e Kod & e oe s & & oe s & & & Kod e R
Slide 9: Guidance: Full Year 2025
Guidance: Full Year 2025 Guidance(1)(2) Prior Domain Base Growth -0.7% to +0.9% -2.3% to -0.3% Revenue $1.635B to $1.650B $1.615B to $1.635B Operating Income $1.110B to $1.125B $1.095B to $1.115B Interest expense and non- Operating Income, Net $50M to $60M Unchanged expense Capital Expenditures $30M
Slide 10: Summary
Summary • Delivered solid, consistent financial results Our strategic framework: • Refinanced $500 million 5.25% senior notes at same rate which mature in 2032 Protect Grow • Returned $1.2 billion in share repurchases in 4 quarters ending Q1-2025 Manage • Announced a quarterly cash dividend of $0.77
Slide 11: Q&A / Appendix
Q&A Appendix
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures Verisign provides quarterly and annual financial statements that are prepared in accordance with generally accepted accounting principles (GAAP). Along with this information, management typically discloses and discusses certain non-GAAP financial measures on investor conf
Slide 13: Reconciliation of Adjusted EBITDA & Free Cash Flow
Reconciliation of Adjusted EBITDA & Free Cash Flow Reconciliation of GAAP Net Income to Non-GAAP Adjusted EBITDA: (In Millions) Reconciliation of Operating Cash Flow to Free Cash Flow:(1) 1) The sum of the amounts in the columns and rows may not match the total amounts shown due to rounding. 13
Slide 14: Classification of Stock-Based Compensation
Classification of Stock-Based Compensation (In Millions) 14
Slide 15: VERISIGN
VERISIGN © 2025 VeriSign, Inc. All rights reserved. VERISIGN and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. All other trademarks are property of their respective owners.