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GoDaddy posts 17% revenue growth in Q3

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Growth across the board plus a stock buyback.

GoDaddy (NYSE:GDDY) released Q3 2018 earnings after the market closed today.

Revenue hit $680 million, up 17% year-over-year. Bookings were up 11% to $742 million.

Domain revenue was $310 million, up from $272 million in the same quarter last year. It was $305 million in Q2 of this year.

GoDaddy now has over 77 million domains under management.

Customer growth also continues to march upward, with 18.3 million customers at the end of the quarter.

GoDaddy upped its revenue guidance to $2.665 billion – $2.660 billion for the year, with unlevered free cash flow of about $620 million.

The Board of Directors also approved a stock buyback of up to $500 million.

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CentralNic revenue hits £11.2 million in first half of year

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Revenue grows thanks to .sk acquisition.

Domain name company CentralNic (London AIM:CNIC) reported earnings for the first half of 2018, posting revenue of £11.2 million. That’s up from £10.6 million in the same period of 2017, although comparing across time periods is difficult with CentralNic because it grows by acquisition.

For example, the acquisition of Slovakia’s .sk country code domain added £1.6m to the top line. So organic revenue was actually down year-over-year. H2 numbers will be even more convoluted due to the acquisition of KeyDrive.

Retail revenue generated from its registrars including Instra and Internet.bs was down £1.2 million year-over-year. The company said this was expected as the “division continued to realign and optimise its online marketing strategy for improved return on investment, resulting in higher margins and profitability despite reduced revenue.”

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GoDaddy reports earnings, Domain revenue tops $300 million

by — Domain Registrars 3 Comments

Domain revenue hits a milestone.

Godaddy (NYSE: GDDY) reported Q2 2018 earnings this afternoon.

The company’s revenue was  $651.6 million, up from $557.8 in the same quarter last year. Unlevered free cash flow was $154.7 million.

GoDaddy also upped its full-year revenue guidance to $2.645 to $2.655 billion.

Domain name revenue topped $300 million for the first time, coming in at $305 million. That’s up from $263 million in Q2 2017 and $292 million in Q1 of 2018. The Host Europe Group acquisition was completed at the start of Q2 last year, so the growth is mostly organic at this point.

The company partially credits a “broader and more liquid aftermarket” for some of the lift during the quarter.

GoDaddy reported that its customer base ended Q2 at 18 million customers.

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GoDaddy posts 15.6% revenue growth

by — Domain Registrars 1 Comment

Company’s revenues, including for its domains segment, jump.

GoDaddyGoDaddy (NYSE:GDDY) released earnings this afternoon after the close of the market.

Q2 revenue was $456.2 million, up 15.6% year-over-year. The company closed the quarter with 14.3 million customers, up 7.9% year-over-year.

Domain revenue was $229.8 million, up 10.2% year-over-year. It’s also a nice bump over Q1’s $218.9 million revenue from domains. The quarter-over-quarter domains growth is a welcome sign since its Q1 2016 revenue barely grew from Q4 2015. It’s possible that selling domains from its portfolio helped move the needle.

The company posted a net loss of $11.1 million and an adjusted EBITDA of $103.5 million. GoDaddy is upping the mid and upper points of its full year revenue and adjusted EBITDA guidance.

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Domain name revenue barely budges at GoDaddy

by — Domain Registrars 0 Comments

Domain names represent slow growth at GoDaddy.

GoDaddy (NYSE:GDDY) reported its first quarter results today, and it’s no wonder the company has diversified out of the core domain name market.

The company had first quarter revenue of $433.7 million, up 15.3% year over year and 2% quarter over quarter.

Its domain name revenue hit $218.9 million, up 9.9% year over year. But that’s up just $0.8 million from its domain revenue in Q4.

Q1 is seasonally a good quarter for domain names, but keep in mind that the company has to recognize its revenue from domain registrations over the life of the registration.

GoDaddy’s Hosting and Presence and Business Applications lines saw stronger growth.

The company raised its forecast for 2016, forecasting $1,830 – $1,845 million revenue and an adjusted EBITDA range of $404 – $414 million.

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