An official look at Go Daddy’s revenue numbers.
I still remember a conversation just before the Super Bowl in 2005. I was eating lunch with a bunch of techies and the topic of Super Bowl commercials came up. Someone asked “who is this Go Daddy company, anyway?”
Flash forward to 2010. If you ask someone on the street where they would go to register a domain name, they’ll likely say “Go Daddy”. About half of all newly-registered domains are registered at the company.
Go Daddy continues to grow like gangbusters. I’ve reported some of the company’s numbers on Domain Name Wire before, but yesterday I had a chance to get an official historical look at the company’s growth from Ryan Corder, Senior Director of Finance for the company.
Sources: The Go Daddy Group, SEC Filings
The company’s growth since the opening up of registrar accreditation has been staggering. In 2001 the company grossed $4.3 million in GAAP revenue; last year it hit $610 million. I had previously reported revenue of $750 million for 2009, but this was actually sales. (As a growing company, GAAP revenue lags sales because sales are recognized over a period of time.) For 2010 the company forecasts between $940-$950 million in sales.
Perhaps more important as a privately-held company is Go Daddy’s cash flow. The company forecasts an operating cash flow of $140-$150 million for 2010.
Go Daddy’s employee base has grown with the revenue, bringing much needed jobs to Arizona and Iowa. In 2003 the company employed 323 people; it now keeps 2,700 (and growing) on the payroll.
No wonder Bob Parsons is always smiling.