$1 billion in quarterly bookings, domain revenue surges — GoDaddy tops
GoDaddy turns in big numbers for Q1 and discloses to executive hires.
GoDaddy (NYSE: GDDY) noted earnings following the market closed today.
The firm noted its first quarter ever that topped $1 billion in bookings, generating $1.0887 billion.
Revenue was up 13.8% year over year to $901.1 million.
Domains revenue surged 18.8% to $422.7 million. This echoes Verisign’s upbeat first quarter note, although some of the lift has to do with the creation of GoDaddy Registry last year upon acquiring Neustar’s registry business. [Update: I ought to also note that GoDaddy disclosed its buyout of Uniregistry in February of last year. The net-net is that this isn’t all organic growth.]
The Hosting & Presence segment eked out a 4.4% year over year increase and Business Applications grew 21.0%. International revenue was up 15.5%.
GoDaddy increased its full-year guidance for revenue and unlevered free cash flow.
The firm also disclosed that it hired Mark McCaffrey as its fresh CFO. McCaffrey was a partner at PwC. Michele Lau will be the firm’s fresh Chief Legal Officer.
