Nov262014
Neustar reports earnings, .Co grossed $4.4 million last quarter
.Co acquisition helps boost revenue at Neustar.
Neustar reported third quarter earnings after the bell today.
The company, which operates .us, .biz and .co, reported a 7% lift in revenue and a 1% increase in net income compared to the third quarter of 2013.
A big growth driver was the addition of .Co, which the company acquired in March. .Co added $4.4 million to the revenue line during the third quarter.
Neustar originally reported the purchase price of .Co as $109 million. It has since increased that for accounting purposes to $115.1 million based on working capital accounts at the time of acquisition; this is still a preliminary number. The deal also included a performance bonus of up to $6.0 million.