M+M turns profit on the back of gTLD auctions

by Kevin Murphy
Minds + Machines posted an operating profit of almost £3 million ($4.9 million) for the first half of the year, almost entirely driven by the proceeds of losing new gTLD auctions. The registry record a profit to June 30 of £2.9 million on revenue of $68,000. The “profit on gTLD auctions” line item that permitted that seemingly impossible profit number was £7.1 million ($11.Read the full article