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.
Way to go Godaddy! Keep on climbing! With all the acquisitions Godaddy has been doing over the last couple years (Especially the most recent ones), the forecast looks like the numbers will only go higher for them.