GoDaddy’s domain name revenue grows by 14% in 2017 to over $1 billion

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  1. JulienJ

    JulienJ India Member

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    GoDaddy Inc. (NYSE: GDDY), reported complete financial results for the fourth quarter and year ended December 31, 2017.

    GoDaddy’s domain name revenue grew by almost 14% in 2017. Revenue grew from $927.8 million in 2016 to $1,057.2 million in 2017.

    “GoDaddy turned in another great quarter – with strong customer, revenue and cash flow growth – solidifying our leadership position as the place people go to start their ideas, grow and thrive online,” said Scott Wagner, CEO, GoDaddy. “We see nice momentum heading into 2018, and are confident that our value proposition to customers will enable us to continue to deliver growth at scale.”

    Consolidated Fourth Quarter Financial Highlights

    • Total revenue of $602.2 million, up 23.9% year over year.
    • Total bookings of $657.9 million, up 25.4% year over year.
    • Net cash provided by operating activities of $104.3 million, up 17.1% year over year.
    • Unlevered free cash flow of $109.2 million, up 42.6% year over year.
    • Customers of 17.3 million at December 31, 2017, up 17.6% year over year.
    • Average revenue per user (ARPU) of $139, up 7.4% year over year.
    • Domains revenue of $281.6 million, up 16.1% year over year.
    • Hosting and Presence revenue of $228.8 million, up 29.5% year over year.
    • Business Applications revenue of $91.8 million, up 37.6% year over year.
    • International revenue of $207.3 million, up 52.9% year over year.

    Source