Sedo Revenue Down But Earnings Up
Revenue slides but bottom line improves in first half of year.
Revenue at domain name brokerage and parking company Sedo for the first half of 2010 was down compared to the same period last year, but earnings were up.
Sedo Holding reported (pdf) revenue of 21.9M EUR for its Sedo division in H1 2010, compared to 22.6M EUR for H1 2009. However, profit increased from 3.0M EUR to 3.3M EUR. The company’s employee base dropped from 172 to 157 between periods.
At the end of June the company had 16.7 million domain names listed for sale, up 26.5% from last year. It now has 7.3 million parked domains, up 17.7% compared H1 2009. Sedo has 1.1 million registered users as of the end of the half, up 22.2% in a year.
The company is sticking with its prediction that 2010 will be a slightly down year for its Sedo division, followed by a return to growth in 2011.