Company posts 17.5% year-over-year growth in first quarter of 2015.
GoDaddy has released its first quarterly earnings as a public company and will hold its first quarterly investor call later this afternoon.
The company posted revenue of $376.3, up 17.5% compared to the first quarter of 2014. Revenue was up just 1% quarter-over-quarter.
The net loss was $(43.4) million, which isn’t as bad as the same quarter last year but is worse than last quarter’s $(26.8) million.
GoDaddy added about 400,000 customers during the quarter and increased revenue per user by $10 over the past year.
Revenue in the Domain Name business was up about 10% year-over-year while the company’s growth lines, Hosting and Business Applications, were up 21% and 53%, respectively.
Mike S. says
Definitely seems that they have had less useable domain coupon codes lately- which perhaps speaks to them managing the revenue per user metric more closely. Interesting that average revenue per user is $115.
Looks like they did ok in their other growth categories- not bad for a first public report.
Mike
SOfreedomains says
Definitely not a bad one for a newly quoted company.
Matt says
Andrew, do you know if there’s a breakdown anywhere of which products they lump into “Business Applications” vs. “Hosting and presence” and “Domains”?
Andrew Allemann says
Yes, I think you’ll find it in their regulatory filings, which you can view by going to SEC.gov and doing a company search.
In general, Domains is domains, aftermarket, etc. Hosting and presence is webhosting and related products, Business applications is going to be stuff like MS Office, invoicing, etc.
Matt says
Thanks Andrew! Found it:
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Domains revenue consists of domain name registrations and renewals, domain privacy, domain application fees, domain back-orders, aftermarket sales, fee surcharges paid to ICANN, advertising on “parked pages” and other domain related products.
Hosting and presence revenue consists of website hosting products, website building products, an online shopping cart, search engine optimization and SSL certificates for encrypting data between the online browser and the SSL certificate owner’s server.
Business applications revenue primarily includes e-mail accounts, online calendar, online data storage, email marketing and enrollment fees paid by resellers.
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So probably the MadMimi acquisition and Microsoft partnership driving that 50% jump in Business Applications revenue.