Domain broker and domain parking company may hit milestone this quarter.
Domain name brokerage and parking company Sedo may be celebrating a milestone this quarter for reaching one million registered users.
The company’s first quarter financial report shows that the company now has 962,000 registered members, up from 907,000 at the end of last year. At this pace, Sedo should hit the million mark sometime during Q2 2009. It’s unclear if these numbers include new registrations that were part of Sedo’s acquisition of RevenueDirect.
Although registered users and domains keep increasing, the company continues to face pressure from changes in the domain parking business. Revenue for the first quarter came in at EUR 11.9M, down from EUR 12.3M in Q4 2008 and from 15.0M in Q1 2008. However, this small quarter-to-quarter decrease suggests that the bottom may be near.