Slide 1: Q4 & Full Year 2024 Earnings Conference Call
Q4 & Full Year 2024 Earnings Conference Call February 6, 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: Agenda
Agenda Introduction Capital Allocation Business Highlights Financial Performance Guidance Summary / Q&A / Appendix 3
Slide 4: Introduction
Introduction Our Mission • We renewed the .com Registry Agreement Verisign enables the with ICANN for another 6 years world to connect online with reliability and • The Cooperative Agreement between the NTIA and Verisign also renewed for another 6 years confidence, anytime, anywhere • Our critical i
Slide 5: Capital Allocation
Capital Allocation Q4 Share Repurchases Free Cash Flow(1) $260 $875 million; 1.4 million shares million 2024 Millions $1,400 $1,200 $1,000 $1,209 $800 $1,032 $600 $883 $735 $700 $804 $808 $875 $400 $754 6.6M $687 5.5M 4.2M shares 3.7M 3.3M shares $200 shares shares shares $0 2020 2021 2022 2023 2024
Slide 6: Business Highlights: Domain Name Base
Business Highlights: Domain Name Base Domain Name Base(1) Net Change 169.0 -0.5 million names end Q4-24, -2.1% Y/Y million names Q/Q Millions 156.3 million .com names and 12.7 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 7: Business Highlights
Business Highlights New Name Registrations Q4 Preliminary Renewal Rate(1) Q1-25 Expiring Names 9.5 73.9% 39.9 million vs 72.2% last quarter million vs 9.0 million Q4-23, +5.7% Y/Y vs 73.2% last year vs 40.9 million Q1-24 .com/.net New Name Registrations Renewal rate 75.4% 76.0% 75.9% 75.5% 74.1% 75.
Slide 8: Financial Performance: Full Year
Financial Performance: Full Year Revenue Operating Income $1.56 $1.06 billion 2024 billion 2024 +4.3% Y/Y +5.7% Y/Y Billions $1.8 $1.6 $1.56 $1.42 $1.49 $1.4 $1.33 $1.27 $1.2 $1.06 $1.00 $1.0 $0.94 $0.87 $0.82 $0.8 $0.6 $0.4 $0.2 $0.0 2020 2021 2022 2023 2024 Revenue Operating Income 8
Slide 9: Financial Performance: Q4 2024
Financial Performance: Q4 2024 Revenue Operating Income $395 $264 $ Millions million; +3.9% Y/Y million; +2.9% Y/Y 425 400 Revenue Operating Income 375 350 325 300 275 250 225 200 175 150 125 100 Operating Cash Flow Free Cash Flow(1) Earnings per Share $232 $222 $2.00 million million 1) Free cash fl
Slide 10: Guidance: Full Year 2025
Guidance: Full Year 2025 Guidance(1)(2) Domain Base Growth -2.3% to -0.3% Revenue $1.615B to $1.635B Operating Income $1.095B to $1.115B Interest expense and non- Operating Income, Net $50M to $60M expense Capital Expenditures $30M to $40M Effective Tax Rate 21% to 24% 1) Our guidance is based on ex
Slide 11: Summary
Summary • Delivered solid, consistent financial results Our strategic framework: • Renewed the .com Registry Agreement with ICANN and the Cooperative Agreement with NTIA Protect Grow • Extended the uptime record in the .com/.net resolution infrastructure to more than 27 years Manage • Returned $1.2
Slide 12: Q&A Appendix
Q&A Appendix 12
Slide 13: 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 14: 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. 14
Slide 15: Classification of Stock-Based Compensation
Classification of Stock-Based Compensation (In Millions) 15
Slide 16: © 2025 VeriSign, Inc. All rights reserved. VERISIGN and other trademarks, service marks, and
© 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.