How did Verisign's revenue and expenses trend in Q4 2024?

Verisign's revenue for Q4 2024 was $395 million, which is a 3.9% increase from the same quarter in 2023. However, the net income for Q4 2024 was $191 million, which is a decrease from the $265 million reported in the same quarter of 2023. The diluted earnings per share (EPS) for Q4 2024 was $2.00, which is also lower than the $2.60 reported in Q4 2023. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |VRSN|VRSN.O|Verisign|2023 Q4|47.46518105849582|2.647E8|185| |VRSN|VRSN.O|Verisign|2024 Q1|8.617795187465026|1.941E8|185| |VRSN|VRSN.O|Verisign|2024 Q2|7.054388799138395|1.988E8|185| |VRSN|VRSN.O|Verisign|2024 Q3|6.790450928381962|2.013E8|185| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |VRSN|VRSN.O|Verisign|2024 Q1|5.461031833150384|3.843E8|185| |VRSN|VRSN.O|Verisign|2024 Q2|4.059139784946236|3.871E8|185| |VRSN|VRSN.O|Verisign|2024 Q3|3.800159447249535|3.906E8|185| |VRSN|VRSN.O|Verisign|2024 Q4|3.943217665615142|3.954E8|185| |code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code| |---|---|---|---|---|---|---| |VRSN|VRSN.O|Verisign|2024 Q1|2.48E7|2.479338842975207|185| |VRSN|VRSN.O|Verisign|2024 Q2|2.38E7|7.207207207207207|185| |VRSN|VRSN.O|Verisign|2024 Q3|2.32E7|6.912442396313365|185| |VRSN|VRSN.O|Verisign|2024 Q4|2.49E7|8.73362445414847|185| Verisign's net income for Q4 2023 included the recognition of certain income tax benefits, which increased net income by $69.3 million and diluted EPS by $0.68. This indicates that the decrease in net income from Q4 2023 to Q4 2024 is not due to a decrease in revenue, but rather due to other factors such as expenses or tax benefits recognized in the previous quarter.