Reglikedomain industry desk

GoDaddy earnings send stock up following hours

GoDaddy earnings send stock up following hours

Domain name and web presence powerhouse beat expectations in Q4.

GoDaddy logo showing the heart-shaped design

GoDaddy (NYSE: GDDY) noted Q4 2019 earnings this afternoon that pleased Wall Street. Shares were up over 5% in following-hours trading.

The firm noted $780.4 revenue for the quarter, up 12.2% from the same quarter of 2018. Revenue for the year was $2.9881 billion, up 12.3% on the year. Bookings increased 14% on the year.

Net income in Q4 was 35 cents per share.

The domains business had revenue of $352.3 million in Q4 2019, up 12.1% year-over-year. In Q3, it noted $345.3 million revenue from domains.

Looking ahead to 2020, the firm forecasts $3.315 revenue for the year, which represents 11% growth.

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