GoDaddy (NYSE: GDDY), one of the world’s largest cloud platforms dedicated to small, independent ventures, has reported its financial results for the fourth quarter and year ended December 31, 2017. The company has achieved total revenue of $602.2 million, up 23.9% year over year.
“GoDaddy turned in another great quarter – with strong customer, revenue and cash flow growth – solidifying our leadership position as the place people go to start their ideas, grow and thrive online,” said Scott Wagner, CEO of GoDaddy. “We see nice momentum heading into 2018, and are confident that our value proposition to customers will enable us to continue to deliver growth at scale.”
Highlights of GoDaddy’s financial results for 2017 include
- Customers of 17.3 million at December 31, 2017, up 17.6% year over year
- Average revenue per user (ARPU) of $139, up 7.4% year over year
- Domains revenue of $281.6 million, up 16.1% year over year
- Hosting and Presence revenue of $228.8 million, up 29.5% year over year
- Business Applications revenue of $91.8 million, up 37.6% year over year
- International revenue of $207.3 million, up 52.9% year over year
GoDaddy’s operating highlights in 2017 would include
- GoDaddy’s GoCentral – is seeing continued strong adoption, increasing conversion from free to paid, and generating positive customer feedback and rising net promoter scores.
- GoDaddy continues to enhance GoCentral’s features – recently launching Online Appointment scheduling, payments via Square, blogging capabilities, and integration with Google My Business, among many other features. GoCentral users can now book client appointments online 24×7, sync with the most popular calendars, get paid easily offline or online, and create “powerful” online identities via Google.
- GoDaddy continued its “successful” integration of HEG – including the recent launch of localized marketing efforts in multiple European markets.
- GoDaddy announced it will acquire Main Street Hub – for approximately $125 million in cash plus up to $50 million in potential future earnouts. Main Street Hub provides small businesses with a complete “do-it-for-me” service for managing engagement on the most popular social networks. The transaction is expected to close late in the second quarter of 2018.
- GoDaddy appointed Mark Garrett to its board of directors – Mark Garrett, Executive Vice President and Chief Financial Officer at Adobe, would bring deep financial technology leadership to the board.
- GoDaddy announced it will host an Investor Day on March 28, 2018 – at its Global Technology Center in Tempe, Arizona. Given limited space, interested shareholders and analysts are encouraged to email [email protected] for an invitation.