(WEB HOST INDUSTRY REVIEW) — Online domain marketplace Sedo (www.sedo.com) may hit one million registered users this quarter, according to a report by Domain Name Wire.
The news follows Sedo’s recent online auction last month, where .ME Registry released 35 of its top .ME domain names.
According to Sedo’s first quarter financial report, the company currently has 962,000 registered members — an increase of 55,000 users from the end of last year.
If Sedo maintains this rate it should reach one million users sometime during the second quarter this year.
Domain Name points out that it is unsure whether these numbers take into account the new registrations added from Sedo’s acquisition in February of domain parking service RevenueDirect.
Despite this increase in registered users and domains, Sedo has seen a slight dip in earnings.
The company’s revenues for the first quarter were $16.2 million compared to $16.7 million in Q4 2008 and $20.4 million in Q1 2008.
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