Verisign increased the annual registry-level wholesale fee for .com domain name registrations from $9.59 to $10.26 effective September 1, 2024. They also increased the annual registry-level wholesale fee for .net domain name registrations from $9.92 to $10.91 effective February 1, 2024.

Some registrars, particularly in the U.S., have shifted their focus to increasing profitability through higher retail pricing and a decrease in marketing activities targeting new customer acquisition. This has negatively impacted renewal rates and the volume of new .com and .net domain name registrations.

Management concluded that the company's disclosure controls and procedures are effective as of September 30, 2024. This ensures that information required to be disclosed is recorded, processed, summarized, and reported within the specified time periods.

There have been no material changes to the Company's risk factors since the 2023 10-K. The risk factors described in Part I, Item 1A of the 2023 Form 10-K continue to be relevant.

Competitive pressure from ccTLDs, other gTLDs, and services that offer alternatives for an online presence, such as social media, has limited the demand for domain names. This may continue to do so in the future.

The Board of Directors authorized the repurchase of common stock in the amount of $1.11 billion, in addition to the $388.0 million that remained available. During the three months ended September 30, 2024, the company repurchased 1.7 million shares for $300.9 million.

Challenging economic and regulatory conditions have continued to weaken demand for domain name registrations in China. This has negatively impacted the company's renewal rates and the volume of new .com and .net domain name registrations.