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BusinessAnalysis

.ai’s million-name milestone became a national revenue engine for Anguilla

Anguilla earned about US$85.3 million from .ai in 2025 and US$80 million in the first seven months of 2026. High registry fees and auction income help explain the windfall, but comparisons with .com must separate government receipts, company revenue and private domain sales.

Anguilla earned EC$230 million—about US$85.3 million—from .ai in 2025, then reported another EC$217 million, or US$80 million, in the first seven months of 2026. The namespace crossed one million registrations in January. For a territory with fewer than 15,000 residents, the important scale is fiscal: the domain has become a major source of government income.[1][2][3]

The scale invites comparison with .com, but the figures have different dates and boundaries. The .com base reported for June 2026 was over 160 times .ai’s January one-million-name milestone. That is a comparison of two dated snapshots, not a same-day ratio. The revenue figures likewise compare Verisign’s company total with Anguilla’s income from .ai. They help show the scale of Anguilla’s windfall without establishing a like-for-like registry comparison.[3][5][6][1]

The facts

Published domain counts, revenue and wholesale fees

Published domain counts, revenue and wholesale fees
MeasureValueContext
.ai registrationsMore than 1 millionOfficial milestone announced in January 2026.Source 3
.com registrations166.6 millionVerisign’s domain base at 30 June 2026.Source 5
Ratio of the two dated milestonesAbout 167 to 1June .com base divided by the January .ai milestone; not a same-date market-share comparison.
.ai government revenue in 2025US$85.3 millionEC$230 million from Ministry of Finance figures reported by Anguilla Focus.Source 1
Verisign 2025 revenueUS$1.6566 billionMostly .com and .net registry operations, but not a pure .com-only figure.Source 6
Observed revenue ratioAbout 19.4 to 1Our division of Verisign revenue by Anguilla’s .ai revenue; not an apples-to-apples registry metric.
.com wholesale fee through October 2026US$10.26 per name-yearVerisign announced an increase to $10.97 effective 1 November.Source 7
.ai wholesale increaseAbout US$80 per name-year with a two-year minimumIndustry reporting says the fee rose by $10 a year in 2026.Source 8

The price difference is closer to eightfold than fiftyfold at registry level

At the current reported wholesale rates, roughly $80 a year for .ai is about 7.8 times the $10.26 .com registry fee, not 30 to 70 times. Retail prices can create a wider gap because .ai requires a two-year minimum and registrars add margin, while discounts and promotions vary. The correct registry comparison uses wholesale fees and term length rather than one retailer’s checkout price.[7][8]

A reliable revenue-per-name comparison would need matched periods, average active domain counts and comparable revenue definitions. Dividing Anguilla’s annual receipts by a later one-million-name milestone, then comparing that result with Verisign’s company revenue divided by a year-end registry base, would mix all three. The wholesale fee comparison is useful; that apparent yield ratio is not.[1][6]

At a glance

Where .ai payments go

Where .ai payments go
MarketWho pays whomWhat reaches the registry or government
New registration and renewalRegistrant pays registrar; registrar pays registryWholesale registry fee, repeated on renewal
Expired-domain auctionBidders compete through the registry’s auction channelAnguilla receives a negotiated share of auction proceedsSource 4
Drop-catching after expiryRegistrar bids as the domain moves through DropZoneRegistry monetises expiring inventory under the platform rulesSource 4
Private aftermarket saleBuyer pays the existing registrant, usually through a marketplaceSale price goes primarily to seller and marketplace; registry receives only future renewal fees
Brokered brand acquisitionBuyer pays for ownership of one existing nameThis measures private asset value, not annual namespace revenue

Why .ai is economically larger than its name count suggests

A high annual fee multiplies every registration and renewal. The two-year minimum collects more cash at entry. The letters “AI” have global meaning far beyond Anguilla, so demand is not limited by the island’s population or businesses. Expired-name auctions capture scarcity when a desirable word returns to the registry. Few country-code domains combine all four conditions at this intensity.

The fiscal impact is the most unusual part. The first seven months of 2026 generated US$80 million, 47.5% of Anguilla government revenue over the period and more than the territory’s reported productive-sector tax revenue. The government expected EC$253 million for the full year. That concentration creates both opportunity and risk: infrastructure and sovereign savings can outlast the boom, but the budget becomes exposed to renewal behaviour, AI branding cycles and competing namespaces.[2]

.com and .ai sell different forms of confidence

.com carries universal recognition, a vast installed base and deep resale liquidity across almost every industry. .ai signals a specific technological identity and can offer short, meaningful names that are unavailable in .com. A startup may rationally prefer the category signal; a durable global brand may still value .com’s broad familiarity. The extensions are therefore not pure substitutes even when they share the same word.

The 166.6-million .com base and 12.7 million new .com/.net registrations in one quarter show how difficult it is for any extension to match .com’s volume. .ai does not need to do so to be an exceptional business. Its achievement is converting one million names into a national revenue stream approaching US$100 million a year.[5][2]

For investors and builders, this distinction prevents three common mistakes: treating retail registration spend as registry revenue, adding private aftermarket sales to Anguilla’s income, and assuming high price per name offsets a two-order-of-magnitude base gap. The real .ai story needs none of those shortcuts. It is already one of the clearest examples of an AI boom creating a national-scale digital windfall.

Follow the evidence

Sources & further reading

  1. .ai domain surge brings EC$230m windfall to Anguilla in 2025 Anguilla Focus · 25 Mar 2026 · Accessed 10 Oct 2026
  2. Anguilla’s AI domain registration earns US$80m year-to-date Jamaica Gleaner · 9 Oct 2026 · Accessed 10 Oct 2026
  3. .AI namespace hits 1 million domain names Domain Name Wire · 28 Jan 2026 · Accessed 10 Oct 2026
  4. Anguilla and Identity Digital boost .ai revenue with auctions and DropZone Identity Digital · 27 Mar 2025 · Accessed 10 Oct 2026
  5. DNIB: 401.6 million domains at the end of Q2 2026 Verisign · 23 Jul 2026 · Accessed 10 Oct 2026
  6. Verisign reports fourth quarter and full year 2025 results Verisign / SEC · 5 Feb 2026 · Accessed 10 Oct 2026
  7. Verisign reports first quarter 2026 results Verisign · 23 Apr 2026 · Accessed 10 Oct 2026
  8. .ai hits seven figures, raises prices Domain Incite · 3 Feb 2026 · Accessed 10 Oct 2026