Marchex report earnings today after the market closed and its Archeo unit which operates the domain name portfolio of Marchex sold a total of 81 domain names for $1.9 Million in the third quarter of 2013.
The total sales in the 3rd quarter averaged $23,457 per domain based on the total sales figures
Archeo had total revenue of $4 Million dollars for the quarter meaning their domain monetized over $2 million dollars in revenue in the quarter.
Here are the details:
Archeo Q3 Business Highlights:
- Revenue. Archeo non-GAAP revenue was $4.0 million for the third quarter of 2013, which excludes domain sales recognized in GAAP revenue.
- Domains sales. During the third quarter of 2013, Archeo sold a total of 81 domains that yielded $1.9 million.
- During the quarter, Archeo announced the launch of the Domains Marketplace, which provides a gateway to the premium portfolio of more than 200,000 domain names.
- In July 2013, certain pay-per-click assets were sold for proceeds totaling up to $2.6 million as part of a transaction to focus Archeo’s business on creating a premium domain marketplace. The financial results of these sold assets are presented as discontinued operations in our condensed consolidated statement of operations in accordance with GAAP.
