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CentralNic now ‘top ranked’ after .xyz breakthrough

“This is our first appearance at the top of the rankings and it is an important milestone," said CEO Ben Crawford

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Some 1.4mln web domains were registered via CentralNic, which is about 20% of the market for new domains

The surge in popularity for the .xyz web domains has propelled CentralNic (LON:CNIC) to the top of the rankings.

CentralNic is now ranked as the number one wholesale distributor - or ‘registry backend’ - for new top level internet domains, according to industry statistics provided by ntldstats.com.

The top ranking, as at August 14, came at the end of an eventful week which saw Google adopt a .xyz domain for its new corporate website for its new company Alphabet.

Previously, CentralNic had been ranked as the number two wholesale distributor for twelve months.

"Having the world's leading internet business adopt one of our domains for their next step forward is massive validation for CentralNic's Top-Level Domains,” said chief executive Ben Crawford.

“Now, for CentralNic as an AIM listed company to be elevated to the number one position globally in new TLDs, in front of multi-billion dollar corporations on NASDAQ, the NYSE, and the Tokyo Stock Exchange is an important milestone in our mission to reach the scale of those other inspirational businesses.

“This is our first appearance at the top of the rankings and it is an important milestone, though of course we expect the rankings to continue shifting in future due to the week- to -week variations in renewals numbers."

Some 1.4mln web domains had been registered using CentralNic’s registry platform as of today, and that gives the group around 20.5% of the overall market share for generic top level domains.

As well as registrations on to .xyz those stats include 23 other top level domains distributed by CentralNic, domains such as .website, .space, .love, .design, .tickets, .fans, and .bar.

CentralNic receives a share of revenue for all domains registered on the top level domains.

Last week, CentralNic shares surged more than 90% amid reports of the increased popularity of .xyz following Google’s use of the abc.xyz domain for Alphabet.

Quick facts: Centralnic Group PLC

Price: 80 GBX

LSE:CNIC
Market: LSE
Market Cap: £185.64 m
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