Marchex Revenue Falls, But Sells $1M In Domain In The 3rd Q: “There Is Still Significant Demand For High Quality Domains”
Marchex, reported its earnings after the market closed yesterday for the 3rd quarter of 2009.
Marchex reported revenue dropped to $22.2 million compared to $37.2 million for the same period of 2008.
Adjusted operating income before amortization fell to $1.9 million for the quarter, compared to $6.6 million for the same period of 2008.
Adjusted EBITDA was $3.4 million, compared to $8.9 million for the same period of 2008.
According to the earnings report, “”Marchex sold a small number of non-strategic domains that yielded more than $1 million in the 3rd Quarter alone.
“”"There is still significant demand for high quality domains and Marchex believes that will remain the case for the foreseeable future.”"
Nice to hear.
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“Marchex sold a small number of non-strategic domains that yielded more than $1 million in the 3rd Quarter alone.”
Gee, I wish I could say that.
Domain
You didn’t pay $165M for domains.
I wonder if anyone has ever done a public analysis of the better domains in that portfolio. I recall seeing a site with some of their domains listed for sale, but nothing listed seemed to come close to $165 million. Then again, maybe the best domains were not made public.
Max
If you so inclined and want to spend a few bucks (actually more than a few) there is always domaintools.com
If I invested $200 million and got back an EBITDA of only $3.4 million I would shoot myself!
They bought 200,000 domain names and thats the best they can do? Get new careers guys!
So, they sold 1 million dollars worth of domain names last quarter. How many names was that? Maybe 20 out of the 200,000…. I’d be interested to know the estimated value of their entire domain package today!