Company’s aftermarket revenue up just slightly, blames lack of big transactions it had a year ago.
GoDaddy (NYSE: GDDY) released Q1 earnings Thursday afternoon.
Total revenue was $1.3 billion, up 6% year over year. Bookings were $1.5 billion, up 3% year over year.
The company reports two business units. Applications and Commerce revenue grew 12% year over year to $498.2 million. Core Platform, which includes domain names, grew 3% year over year to $768.7 million.
Breaking down the domains business further, primary domains grew 5% year over year to $456 million. The aftermarket grew 1% year over year to $130 million. It was up from $127 million in Q4 last year. The average transaction value declined slightly, and the company said it didn’t have the big sales it closed in the first quarter of last year.
Customer growth was anemic; GoDaddy added a net 13,000 new customers in the quarter. It had 20.4 million customers as of the end of Q1.
Shares were up early in after-hours trading yesterday, but have given up their gains.
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