Four million domain names were added to the Internet in Q4 2014, according to VeriSign’s latest Domain Name Industry Brief. Released on Thursday, the report said that the total number of registered domain names globally is now 288 million.
According to VeriSign, the number of domain names grew 1.3 percent over Q3 2014, with worldwide registrations growing by 16.9 million, or 6.2 percent, year over year.
In the third quarter, VeriSign processed 8.7 million new domain name registrations for .com and .net. New .com and .net registrations totaled 8.2 million during Q4 2014. VeriSign said that the .com and .net TLDs experienced aggregate growth in Q4, reaching a combined total of around 130.6 million domain names, representing a 2.7 percent increase year over year.
The report also included VeriSign’s average daily DNS query load. In Q4 2014, the average DNS query load was 110 billion with a peak of 146 billion. In comparison to Q3, the daily average fell 3.7 percent and the peak by 54 percent, respectively. Still, when comparing year over year, the daily average increased 33.5 percent and the peak query load increased 47.1 percent.
In Q3, VeriSign processed 8.7 million new domain name registrations for .com and .net, 400,000 more than the same period last year.
The .com and .net renewal rate has dropped, though renewal rates are not fully measurable until 45 days after the quarter, VeriSign said. The final .com and .net renewal rate for the second quarter of 2014 was 71.8 percent compared with 72.7 percent in Q2 2013.
VeriSign reported revenue of $255 million for the third quarter, an increase of 4.7 percent from Q3 2013. The company reported net income of $95 million and diluted earnings per share of $0.69 for the third quarter of 2014, compared to net income of $81 million and diluted EPS of $0.53 in the same quarter in 2013.