Reglikedomain industry desk

GoDaddy notes earnings, lowers revenue guidance on exchange rates

GoDaddy notes earnings, lowers revenue guidance on exchange rates

Revenue tops $1 billion in Q2.

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GoDaddy (NYSE: GDDY) noted second quarter earnings following the market closed today.

The firm grossed just over a billion dollars in revenue, taking in $1.02 billion for the quarter. That’s up 9% compared to the same quarter a year ago. Exchange rates shave a point off its revenue growth.

Core Platform revenue, which includes “plain” hosting and domains, increased 7%. Applications & Commerce (Websites + Marketing, WordPress hosting, email, applications and everything else) revenue jumped 15%.

Citing currency exchange rates, the firm lowered its full-year revenue guidance from $4.14 billion – $4.16 billion to $4.10 billion – $4.130 billion.

Whereas previous quarterly presentations mentioned a strong aftermarket for domains, this quarter the firm focused on its fresh “Payable Domain” service. This lets you turn a subdomain into a payment gateway.

Also on the wire

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