Average sale price in aftermarket increased during the quarter.
GoDaddy (NYSE: GDDY) reported Q1 earnings this afternoon, including a surprise jump in domain name aftermarket revenue.
Overall, GoDaddy’s revenue increased 7% year over year to $1.109 billion.
Revenue in the Applications & Commerce segment increased 13% year over year and revenue in the Core Platform segment increased 4%.
The overall domains business was up 7%, and the aftermarket jumped 12%. The company credits the strong performance on:
- strong demand for domains in the primary and secondary market
- increased pricing in the primary market
- a higher average transaction value in the secondary market
The latter point suggests that GoDaddy might have closed some larger aftermarket sales in the quarter.
For the year, the company is guiding revenue to be between $4.50 and $4.56 billion.
The company also announced that it laid off 180 employees in Q1 to cut costs.
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