logo-loader
viewCentralnic Group PLC

CentralNic becomes first wholesaler to top 2mln domain sales

The company was boosted by an uptick in .xyz, with more than 1.5mln new users coming from that domain alone,

web_address_bar,_sized_5641a636c3703.png
.xyz is “the only credible challenger to date to .com”, the company said.

--UPDATES SHARE PRICE, ADDS BACKGROUND--

CentralNic (LON:CNIC) shares advanced around 10% Tuesday after it told investors it had become the first web domain wholesaler to sell 2mln new top-level domain (TLD) names.

In London, the shares were up 5.5p or 10.2% closing Tuesday’s session at 59.5p.

The firm is the top “registry back-end” company, with more than 2mln web pages registered, representing 21.2% of the global market, according to market data.

This was boosted by an up-tick in the .xyz TLD, with more than 1.5mln new users coming from that domain alone, more than double the next best domain.

It is the domain of choice for the official website of Google’s new holding company, Alphabet, and was recently used by Facebook owner Mark Zuckerberg to release his September town hall meeting.

The suffix, which is sold through more retailers than any other TLD, is “the only credible challenger to date to .com”, the company said.

CentralNic had three other domains in the top 20: .website, .online, .space.

Ben Crawford, chief executive, said it was an “important milestone” for CentralNic to have achieved the number one position globally in new TLDs, and be the first to cross the 2mln mark.

Today’s stats from CentralNic come as Internet domain registrations are generally seeing increased interest, based on data from leading domain registries.

Globally the massive increase in Internet use in China and Asia is expected to drive significant growth in the number of Internet domains.

Access to the Internet has become such a key issue for the developing world that it was recently included in the updated UN Sustainable Development Goals.

The initiative is further bolstered by Zuckerberg and the ONE Campaign, co-founded by U2’s Bono, as they aim to give everybody access by 2020.

Quick facts: Centralnic Group PLC

Price: 91 GBX

LSE:CNIC
Market: LSE
Market Cap: £168.99 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Centralnic Group PLC named herein, including the promotion by the Company of Centralnic Group PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CentralNic CEO eyeing emerging markets

Ben Crawford, chief executive of CentralNic (LON:CNIC), says the fast-growing emerging markets are where the growth is going to come from for the top-level domain group. ‘China is the biggest market for domain names in the world now in terms of growth,’ he explains. ‘But there’s a billion...

on 04/28/2015

2 min read