GoDaddy’s 2008 Revenue Nearly $500M
Thursday, August 13th, 2009
Company’s revenue up 2.5x in three years.
[Update: 2009 revenue was about $750 million.] The Go Daddy Group, parent company of domain name registrar GoDaddy, generated nearly a half billion dollars in revenue in 2008 according to the recently released Inc. 5000 list.
Inc. magazine reports the company pulled in $497.9 million in 2008 compared to $139.8 million in 2005, a growth of 256%. That’s good enough to earn it spot number 1,241 on Inc.’s list for revenue growth. (The list includes companies with much lower revenue, and therefore much faster growth rates).
Inc. doesn’t report profits. In 2005 the Go Daddy lost $11.6M in GAAP terms according to the company’s S-1 IPO filing. Go Daddy latter pulled the IPO and remained a private company.
For comparison, the largest publicly traded domain name registrar is Tucows, which generates roughly $80M a year in revenue.
With 34 million domains under management, a large portion of Go Daddy’s revenue is from domain registrations. But its true competence is in selling high margin add-on products such as web hosting and whois privacy protection.
Further Reading:
- Sedo 2008 Revenue Falls to EUR 54.7 Million
- Go Daddy Revenue Tops $750 Million
- GoDaddy Still Growing on Inc 5000
Tags: godaddy.com, inc. 500, the go daddy group
RT @dnnews: GoDaddy?s 2008 Revenue Nearly $500M – http://tinyurl.com/nt6avq
This level of success also reflects on how immense the internet has become. As well as domain name investing and all its associated activities. No question in my mind that GoDaddy rose to prominence above the rest because of volume pricing.
Your right the whole world is online. It seems like all the big stores are just closing up there buildings and going online too.
[...] hard to peg revenue and valuation number on private companies. By comparison, Inc. magazine shows GoDaddy’s 2008 revenue at about $500 [...]
[...] company is reporting 22% revenue growth in 2009. If the numbers published in Inc. Magazine earlier this year are correct, this would mean GoDaddy’s 2009 revenues topped $600 [...]