If growth rate continues, GoDaddy’s domain name business might hit $1 billion in 2017.
GoDaddy released Q4 and full year 2016 earnings after the bell today.
The company reported $485.9 million in revenue for Q4, up 14.2% year-over-year.
Its total 2016 revenue was $1.847.9 billion, up 15% from 2015. The company also added close to one million customers during the year.
Notably, its revenue from domain names increased over 10% from 2015 to 2016 to reach $927.8 million. If it increases at the same rate in 2017, its revenue from the domains segment will top $1 billion. (Its bookings topped $1 billion in 2016.)
The domains segment generated $242.5 million in revenue in Q4. That’s up 11% year-over-year and about 2.5% quarter-over-quarter.
Both the annual and quarterly numbers were buoyed by GoDaddy’s entrance into the domain name aftermarket by purchasing domain name portfolios.