Wednesday, May 15th, 2013
While Sedo’s earnings continue on a downward path, some metrics point to improvements.
In a lot of ways, Sedo Holding’s quarterly financial report (pdf) published yesterday was more of the same.
The company saw its performance at Sedo weaken, while its affiliate business affilinet grew a bit.
But there were also a couple positive metrics for Sedo. The number of domains listed on Sedo increased by 1.7 million and it also increased the number of parked domains on its platform by 300,000.
Overall, though, Sedo’s domain parking business remains in a funk. It is trying to cut costs, but the drop in revenue is outpacing the decrease in costs.
Sedo’s domain business has shed quite a few employees. It ended Q1 with 138 employees, down 15 from the end of the year. At this time last year it had 170 employees.
The domain segment revenue was down 14.1% compared to Q1 2012.
Sedo blames an overall flailing domain parking market and low cost rivals (e.g., domain parking companies that give a higher revenue share to customers) for its challenges.