Sedo’s revenue continues downward trend but company reports a rebound in domains for sale and parked since the end of 2012.
Sedo Holding’s domain marketing segment, which most in the domain name industry know as simply Sedo, posted a sharp revenue drop in the first six months of 2013 compared to 2012.
The company reported today that revenue was down 17% in the first half of the year at €13.7.
Domain sales were fairly steady compared to last year, but the company continued to see declines in its domain parking business. Sedo is adjusting its cost structure to cope, shedding 20% of its employees over the past 12 months.
If there’s a bright spot, it’s that both the number of domains for sale on its platform and the number of parked domain names have increased since the beginning of the year. Domains available for sale are up 14% since December 31, 2012 to 17.0 million and parked domains are up 16% to 14.4 million. However, these numbers are identical to what they were at the end of June 2012. So the company saw a dip in domains for sale and parked in the second half of last year and has recovered in the first half of this year.
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