Down 20% This Year, But Turning the Corner — Sedo Revenue
Sedo posts 19.6% drop in revenue through three quarters.
Sedo today noted its results for the first three quarters of 2009, facing a decline in revenue to 34.1M EUR this year compared to 42.4M EUR in the same period last year. These numbers include both sales commissions and parking revenue.
But the good news is that things appear to be looking up. In its 9 month note (pdf), firm management noted that the third quarter was better than the second this year, and usually the third quarter is weak for online advertising.
Another good sign: the number of domains sold in Q3 2009 was the best since at least 2007. That’s as stated by the firm’s Q3 market study (pdf), which shows 9,928 domains sold last quarter.
Although last quarter’s sales weren’t an all time record, Sedo’s Heather DelCarpini told me that the global brokerage team set an all time record last quarter. Global brokerage sales involve an actual Sedo broker in the transaction as opposed to an online Sedo marketplace transaction.
The only number we don’t have from Sedo is its parking revenue thus far in 2009. Domain parking revenue far eclipses the revenue Sedo earns from sales commissions, and it surely made up a big chunk of Sedo’s revenue drop this year. Hopefully that’s turning the corner, too.
