Namecheap reports 36% revenue growth in Q1

Namecheap reports 36% revenue growth in Q1

Domain registrar and hosting firm reports continued strong growth in the first quarter of 2021.

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Privately held domain name registrar Namecheap revealed its Q1 results to Domain Name Wire today.

The company generated over $62 million in revenue in the first quarter of 2021, up 36% from its results in the same quarter last year.

The company added 665,000 domains under management last quarter, taking its total domains under management to over 13.26 million. That’s up 2.53 million (24%) since Q1 2020.

Customer growth continues at a fast clip. Namecheap added 390,000 new customers in Q1 2021, a 79% increase over the same period last year. This follows 1.1 million new customers last year, so the fast growth continues. The company reports that it has seen significant growth across its product portfolio, including in its hosting, email, security certificates, and Managed WordPress products, amongst others. 

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