reports Q2 slowdown

Q2 volume declines toward end of quarter with fewer large transactions.

Gross payment volume at through Q2 2023
Chart from earnings commentary, July 25, 2023. released its Q2 2023 domain investment index today, and parent company (ASX: FLN) reported earnings yesterday.

The company reported a 31% drop in domain name payment volume between Q1 and Q2, with USD $89 million in Q2.

It blamed this drop on a reduction in “mega” deals. As CEO Matt Barrie discussed on the DNW Podcast earlier this year, the company handled significant transactions like the eight-figure deal in Q1. handles more than just domain names (autos, IP addresses, etc.) and reported USD $147 million total volume in Q2.

The company said transaction volume was trending well until the end of May when it lost steam.

In its earnings report, the company published a graphic showing both transaction volume and dollar volume across the quarter (pictured above). It’s interesting to see how this changes, and you can spot larger transactions such as the one right at the end of May or the beginning of June. I believe this chart is in AUS dollars. Note that this is for all types of transactions, not just domain names.

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