Sedo notes continuing decline in domain parking

Sedo cites domain parking woes for revenue drop.

Sedo Holding has issued its preliminary results for the first nine months of the year. This is likely to be one of the last public notes from the firm ahead of it gets rolled up into United Internet.

The firm’s affiliate marketing division saw revenue growth, but the domain business (what you know of as Sedo) continued to decline.

For the first nine months of 2013, the firm had sales revenue of EUR 20.8 million, a 13.3% year-on-year decline compared with the previous year’s EUR 24.0 million.

The number of domains parked at Sedo was up from the end of last year (4.1 million vs. 3.8 million), but the firm cited “the domain parking market’s overall downtrend” for the revenue drop.

As of September 30 there were 16.4 million domains listed for sale on Sedo.

Sedo Holding is lowering its revenue forecast for the year.

The full nine month note will be published in the next couple days. [Update: here’s the formal 9 month update (pdf)]