Reglikedomain industry desk

GoDaddy’s 2008 Revenue Nearly $500M

GoDaddy’s 2008 Revenue Nearly $500M

Firm’s revenue up 2.5x in three years.

GoDaddy.com[Update: 2009 revenue was regarding $750 million.] The Go Daddy Group, parent firm of domain name registrar GoDaddy, generated nearly a half billion dollars in revenue in 2008 as stated by the recently released Inc. 5000 list.

Inc. magazine notes the firm pulled in $497.9 million in 2008 compared to $139.8 million in 2005, a growth of 256%. That’s good enough to earn it spot number 1,241 on Inc.’s list for revenue growth. (The list includes firms with much lower revenue, and therefore much faster growth rates).

Inc. doesn’t note profits. In 2005 the Go Daddy lost $11.6M in GAAP terms as stated by the firm’s S-1 IPO filing. Go Daddy latter pulled the IPO and remained a private firm.

For comparison, the largest publicly traded domain name registrar is Tucows, which generates roughly $80M a year in revenue.

With 34 million domains under management, a sizable portion of Go Daddy’s revenue is from domain registrations. But its true competence is in selling high margin add-on products such as web hosting and whois privacy protection.

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