GoDaddy notes Q3 earnings

Revenue up slightly from a year ago, but segment that includes domains drops slightly.

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

The firm grossed $1.07 billion in the quarter, up 3.5% compared to the same quarter a year ago.

Applications & Commerce revenue grew 11.4% to $0.36 billion, and Core Platform revenue dropped 0.1% to $.71 billion.

Looking forward to Q4, the firm expects revenue of $1.095 billion to $1.115 billion, which would be 6% year-over-year growth at the midpoint. It also expects the Core Platform segment, which includes domain names, to tick up 2%-3%.

Some growth in Core Platform would be welcome. A slowdown in the domain aftermarket has hurt the business.

In prepared remarks, the firm noted that it is also working to reduce costs. This comes following pressure from one of its investors, Starboard.