Revenue growth slowed in first quarter.
GoDaddy’s headline revenue number in Q1 was up 17.5% year-over-year, but the quarter-over-quarter number isn’t as pretty.
Here’s GoDaddy’s revenue growth each quarter-over-quarter, going back as far as its S-1 filed with the SEC discloses:
Q1 2015 was up just 1.2% compared to Q4 2014. Q4 2014 wasn’t a a huge quarter, either. In Q1, revenue increased about $5 million compared to the previous quarter. The lowest gross change in any quarter over the past two years prior to now was $10 million.
Of course, revenue isn’t the only important number and can be a difficult measure for a subscription business like domain names and hosting. Revenue is recognized over time, not all up front.