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.
M. Menius says
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.