Domain name and web presence powerhouse beat expectations in Q4.
GoDaddy (NYSE: GDDY) reported Q4 2019 earnings this afternoon that pleased Wall Street. Shares were up over 5% in after-hours trading.
The company reported $780.4 revenue for the quarter, up 12.2% from the same quarter of 2018. Revenue for the year was $2.9881 billion, up 12.3% on the year. Bookings increased 14% on the year.
Net income in Q4 was 35 cents per share.
The domains business had revenue of $352.3 million in Q4 2019, up 12.1% year-over-year. In Q3, it reported $345.3 million revenue from domains.
Looking ahead to 2020, the company forecasts $3.315 revenue for the year, which represents 11% growth.
Gregg says
A bit stock bump has paid for Frank’s portfolio few times over. Not bad.
Mark Thorpe says
I think you are going to see GoDaddy get bought out someday, maybe by Google or Amazon or by some other bigger tech company. Probably will happen in the next 5 years.
Jose says
Hi Mark Thorpe, What I have published after you is no joke “it is better to invest in Godaddy shares than to buy domains of this company”
The reason is that after the acquisitions that Godaddy is doing, other companies and brands that have more economic potential are more interested than Godaddy.
Suppose I am writing to you: Ethos Capital is behind this it is very likely that this Verisign and some of the trademarks of which you write yourself are also in your comment.
The stock market is not interested in acquiring portfolio domains of a person such as Frank or another Domain investor, which is what Godaddy and Uniregistry.com/market do not acquire, this is within the domain acquisition package and the stock market are not interested in personal acquisition
Jose says
After seeing this summary of Godaddy’s finances, I think it would be better to invest in his actions than in domains in the same company.