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DMD Beats Street: Stock Up After Hours

Elliot Silver
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7

Demand Media (stock symbol DMD) reported its quarterly earnings today, and despite reporting a loss, the company beat the street predictions. Demand Media owns and operates domain registrar Enom and domain auction service NameJet.

The stock ended the trading day down almost 9% to $7.08/share, but the price surged after hours. DMD stock is currently trading at $8.30/share, up close to 20%.

Some information that may be of interest to you from the Q3 report:

  • 25% increase in revenue to $81.5 million
  • eHow.com saw 71.5 million unique users in September
  • Domain registration margins at Enom increased 2% YTD over last year through Q3 (perhaps attributed to higher .CO registration fees?)
  • Average revenue per domain in Q3: $10.20 and YTD: $10.12
  • Enom saw a 15% increase in the number of registered domain names in Q3 as well as YTD

DMD Hits 52 Week Low

Elliot Silver
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2

Demand Media, trading under the symbol DMD on the New York Stock Exchange, hit a 52 week low this morning, briefly trading at $6.85/share before bouncing off of the low. The company hasn’t been trading for a full year yet, but around the time of the IPO, it traded as high as $27.38/share.

Demand Media owns Enom, one of the largest domain registrars, which owns drop catching auction service, NameJet. There are several DMD executives who have experience with the domain industry.

Another Internet company that hit a 52 week low today was Friend Finder Networks (FFN). Google is trading just above its 52 week low of $473.02, and surprisingly, Yahoo is up today, as is the Nasdaq.

It should also be said that a majority of all Dow component stocks are down today.

.CO Update with COO of the .CO Registry

Elliot Silver
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6

If you have an interest in .CO domain names and the .CO Registry, you’ll want to watch eNom’s VP of Business Development,  Chris Sheridan, interview  Nicolai Bezsonoff, COO of the .CO Registry. The video isn’t too long, but it gives an update on the state of the .CO Registry, its marketing efforts, .CO adoption, and building the .CO brand.

Enom No Longer Adding .CO Domain Names to Shopping Cart

Elliot Silver
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2

Shopping Cart

Last month, I reported that Enom was adding .CO domain names to customers’ shopping carts without their checking off the box or requesting it (in addition to other products / free trial offers). Of course the buyer could pretty easily remove these items from their shopping cart if noticed, but it was annoying when trying to race through the checkout process.

I hand registered a domain name a couple of days ago (CollegeFootballMemorabilia.com if you care to know), and I noticed that the only thing in my cart was this one domain name. There was no .CO domain name, .mobi free trial, or privacy protection automatically added to my shopping cart.

Since I was logged in to my account, I can’t be sure whether this was taken care of system-wide or if they simply removed those from my account, but whatever the case, it was nice to see them listen to feedback and remove this annoying speed bump.

Next time you check out at Enom, let me know if they are still adding it to your account. Hopefully, it’s something they changed for everyone and not just my account.

Enom Adds .CO Domains to Cart

Elliot Silver
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21

A few weeks ago, someone emailed me the following message about registering a domain name at eNom, the domain name registrar owned by publicly traded Demand Media (DMD).

“Today I wanted to inform you about something I find really unacceptable: eNom keeps adding “.co” domain names to my shopping cart, even after I delete them from the cart.”

At the time I received that email, I tested the registration process, but it didn’t happen to me, so I figured it was probably an isolated incident.

Today, when I went to hand register a domain name (WhateverYourHeartDesires.com), I was sure to only leave the .com field checked, as you can see above. However, upon proceeding to the checkout screen, the .CO domain name had been automatically added to my shopping cart. Had I been paying less attention, I could have very easily hit the checkout now button and bought a domain name I didn’t want or need.

In addition to this, there was also something called the “Rich Content Free Trial*” which had to be manually removed from my shopping cart as well. I didn’t review the *fine print, but my bet would be that it discusses that a free trial then turns into a paid renewal, which would be equally or possibly more annoying. I don’t know if this is the case for certain, but it would seem to be so.

I understand when companies use a checkoff box to encourage you to buy other domain names. However, it’s very annoying when I uncheck the box and they automatically add it to my cart. Why not just add .net, .org, .biz, .info, .us, .ws, and .name just for good measure? I guess they figure people might notice that but are less likely to notice a .CO.

I hope Enom will stop this.

Taryn Naidu Promoted to EVP and General Manager of eNom

Elliot Silver
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8

Taryn NaiduThis afternoon, Demand Media announced that domain industry veteran, Taryn Naidu, has been promoted to the position of Executive Vice President, Registrar Services and General Manager of domain registrar, eNom. Taryn  has been with Demand (working on the eNom line of business) since 2006.

Before working at Demand Media, many domain investors got to know Taryn  through his former positions at Pool.com. Taryn  started out as an engineer with the company and worked his way up to CEO. He’s been active in the domain industry for a number of years as his ICANN Wiki profile can attest.

The full press release from today’s announcement is below:

SANTA MONICA, Calif.–(BUSINESS WIRE)– Demand Media ® (NYSE:DMD – News) has named Taryn Naidu to the position of Executive Vice President, Registrar Services and General Manager of eNom, Inc., a wholly owned subsidiary of Demand Media and the world’s largest ICANN accredited domain name wholesaler. Naidu was promoted from Senior Vice President and will take on executive leadership of the eNom business. Michael Blend, who previously held this position, will continue to work full-time on special projects for Demand Media, reporting to the CEO, Richard Rosenblatt.

“Working with the eNom team to build a $100 million in revenue business and expand our lead as the world’s largest wholesale registrar has been a remarkable experience,” said Blend. “Coming off a record quarter for eNom in Q1, this is a great time to turn the leadership over to Taryn. We have worked closely together developing this business for nearly five years, and Taryn is the ideal person to lead eNom through its next phase of growth.”

Naidu joined Demand Media in 2006 as an executive advisor to the eNom management team, before taking a full-time position to drive business and product development strategy and corporate growth.

Prior to Demand Media, Naidu was the CEO of Pool.com, where he joined the domain marketplace company as an engineer and worked his way up to become president and ultimately, CEO. Naidu has a computer science degree from the University of Regina.

About Demand Media

Demand Media, Inc. (NYSE:DMD – News) is a leading content and social media company. Through its owned and operated web properties reaching more than 100 million monthly visitors, global network of digital partners, and innovative content studio, Demand Media publishes what the world wants to know and share. Founded in 2006, Demand Media is headquartered in Santa Monica, CA, with offices in Bellevue, WA; Austin, TX; Chicago, IL; New York, NY; and London, UK. For more information about Demand Media visit http://www.demandmedia.com

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