Sedo Revenue Down 20% This Year, But Turning the Corner

Sedo posts 19.6% drop in revenue through three quarters. Sedo today reported 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 report ( pdf ), company management noted that the third quarter was better than the second this year, and usually the third quarter is weak for online advertising.

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Sedo Revenue Down 20% This Year, But Turning the Corner