Investors cheer GoDaddy’s start to 2018.
GoDaddy (NYSE:GDDY) reported earnings after the bell yesterday and investors were happy with the results. Shares are up 4% as of 11 EDT today.
Revenue was up 29% in Q1 2018 compared to the first quarter of 2017. Keep in mind that the Host Europe Group acquisition wasn’t completed until the second quarter of 2017, so much of this growth is due to the acquisition.
Domains business segment revenue hit $292 million, up from $241 million in the same quarter of 2017. It was up from $282 million in Q4 2018. Although Q1 is generally a good one for domains, keep in mind that revenue from domain registrations is recognized over time.
Speaking of which, GoDaddy’s total bookings in Q1 hit $783 million.