Demand Media puts new TLDs front and center in earnings release.
Demand Media just released its first quarter earnings. It reported a slight profit of $0.7M before adjustments.
But more interesting to the domain world is the focus the company’s earnings release places on new TLDs.
The first paragraph proudly announces that the company has signed up 400 resellers for its new TLDs (though eNom) and has received 2 millions “expressions of interest” from people interested in registering particular new TLDs. You can think of these expressions of interest as good leads for the company once new TLDs finally come out. (The 2 million number was announced by the company previously.)
Demand Media’s domain name business ended the first quarter with 14.0 million domains under management, thanks to the Name.com acquisition.
The registrar business made up 35% of Demand Media’s business in Q1, down from 37% in the same quarter last year.
The company is exploring spinning off the domain business.
Mason Phillips says
Interesting! One has to find a way, or ways, to keep investors happy, even when the future being promised isn’t a 100% guarantee.