Escrow.com's Revenue Rebounds in Latest Domain Investment Index

Started by Domaining News, Mar 06, 2023, 01:27 AM

Previous topic - Next topic

Domaining NewsTopic starter

Escrow.com, in their latest report, has revealed that they experienced a rebound in revenue after a challenging 2022.



The first half of the year was strong for many companies involved in domain name buying and selling, but the second half saw a slowdown due to various global economic challenges. Escrow.com reported a decrease in total revenue for Q4-2022, with a significant drop in the volume of domain name transactions they handled. However, despite this decline, they still managed to have a profitable year, booking $411 million in revenue for 2022.

One of the main reasons for the decrease in revenue was a 35% drop in global venture capital funding in 2022, which also resulted in fewer sales at the high end of the market. Despite these challenges, there is optimism for the future, as Escrow.com has observed a solid rebound in domain name sales in the early months of 2023. February 2023 is expected to be one of their best months since mid-2022, and they are confident that the Gross Payment Volume in Q1-2023 will surpass that of Q4-2022.

However, it is important to note that the company still has a long way to go to reach the levels of success seen in 2021 and early 2022. The global economic challenges mentioned earlier are still unresolved, which adds to the uncertainty. Nevertheless, the market's response to these challenges in the beginning of this year is encouraging.
  •