Revenue down as domain parking continues to slide.
Sedo Holding’s revenue from its domain name segment fell 6.3% in the first quarter of 2011 compared to the same quarter in 2010, the company disclosed in a financial report (pdf) today.
As with results reported in its annual report for last year, the company blames falling domain name parking revenues for the decline.
The company says it has 18.3 million domain names listed for sale and boasts 1.2 million registered users.
Sedo plans to more aggressively work on domains in its own portfolio that are marketable in the “short-term”, and to drop loss-making domain names.
Revenue for Sedo Holding as a whole was up compared to the same quarter last year thanks to stronger sales in its affiliate marketing business.