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CentralNic seeing no impact from coronavirus
Kevin Murphy,
April 7, 2020, 14:21:58 (UTC),
Domain Registrars
CentralNic, the triple-play domain company, has told the markets that the coronavirus pandemic is not having an impact on its financial health.
In a statement yesterday, the company said:
To date, CentralNic has not experienced interruptions in its services to customers or in its supply chain, and the Company confirms that its current trading is in line with market expectations.
CentralNic’s business is expected to remain resilient. Its services are procured and delivered over the internet, and the majority of CentralNic’s revenues are payments from existing subscribers and customers on rolling contracts. The Company’s core product is the sale of domain names, which are core infrastructure that enable the functioning of email and websites — the most important communication tools used between work colleagues working remotely and between companies and their customers.
The company makes most of its money from the retail side of the industry nowadays, largely via a network of thousands of resellers, but it also runs its own TLD registries and acts as a back-end for some high-volume TLDs such as .xyz.
It expects to report its 2019 financial results and a summary of its Q1 performance a few weeks from now.
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