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GoDaddy tops 20 million clients

GoDaddy tops 20 million clients

Firm notes strong second quarter and client base milestone.

Picture of stock chart with the words earnings note

GoDaddy (NYSE: GDDY) disclosed its second quarter earnings this afternoon.

The firm now has over 20 million paying clients following adding 400,000 in the latest quarter.

Q2 was a boon for most domain name and website service providers as people made their businesses digital during pandemic-induced shutdowns. The commerce tier of GoDaddy’s Websites + Marketing product had 60% quarter-over-quarter growth and 90% year-over-year growth in adds.

Overall, year-over-year bookings were up 11%, revenue was up 9%, and unlevered free cash flow was up 11%.

The domains business had $370 million revenue, up 11% year-over-year and regarding 4% compared to its Q1 number of $355.9 million.

GoDaddy also stated that its buyout of Uniregistry “is showing significant progress in integration with shorter sales cycles and early revenue synergies.”

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