Domain aftermarket performs wells as GoDaddy reports strong quarter.
GoDaddy (GDDY) reported first quarter 2025 financial results today.
The company reported gross revenue of $1.2 billion for the quarter, representing an 8.0% increase compared to the same quarter in 2024. Bookings, which represent cash sales, increased 8% year-over-year to $1.4 billion.
Core platform revenue, which includes domain names, increased 3.1% to $748 million.
Applications and commerce revenue increased 16.5% to $446 million.
Domain aftermarket revenue increased 5% year-over-year to $128 million. The average transaction value increased from $261 to $321. In prepared remarks, GoDaddy CFO Mark Mcaffrey said aftermarket sales in international regions were higher than expected.
Additionally, the company announced a new $3 billion authorization for share buybacks through 2027. Its previous buyback program, which commenced in 2022, has retired over 25% of the company’s fully diluted shares.
The company also reaffirmed its outlook for 2025. It expects to gross $4.86 billion to $4.94 billion for the year.
Markets are not liking their numbers.
Yep, not a great day for GDDY stock