Listen to this news article about GoDaddy
Global web hosting provider GoDaddy, in the second quarter, reported a total revenue of $931.3 million, representing an up of 15.5% Year over Year, or 14.3% on a constant currency basis. For the full year, GoDaddy expects to report revenue of approximately $3.75 billion, representing 13% year over year (YoY) growth.
For the third quarter, GoDaddy expects revenue of approximately $945 million, or 12% Year over Year growth.
Some of GoDaddy’s financial highlights in the second quarter of 2021 include:
- Domains revenue of $436.7 million, up 18.2% Year over Year
- Hosting and presence revenue of $318.5 million, up 9.0% Year over Year
- Business applications revenue of $176.1 million, up 21.8% Year over Year
- International revenue of $317.2 million, up 19.2% Year over Year, or 15.8% on a constant currency basis
“We’re pleased with the strong quarter, and we’re even more excited about the incredible journey we see ahead for GoDaddy,” said Aman Bhutani, Chief Executive Officer (CEO) at GoDaddy. “With strong secular tailwinds and great products on the way, we’re excited to do more for Everyday Entrepreneurs than we’ve ever been able to do before.”
On June 30, 2021, GoDaddy’s total cash and cash equivalents were $1,375 million, total debt was $3,937 million and net debt was $2,562 million.
“GoDaddy is a special place with an incredible vision, and I’m thrilled to be a part of it,” said Mark McCaffrey, Chief Financial Officer (CFO) at GoDaddy. “There’s an immense long-term opportunity, and GoDaddy has the resources and people we need to pursue that opportunity in a way that serves our customers and creates value for shareholders.”
Business Highlights
- Introduced GoDaddy Payments – Websites + Marketing and Managed WordPress WooCommerce clients may now handle all of their commerce transactions directly through GoDaddy thanks to this new payment option.
- Announced an integration with Google – Allowing GoDaddy’s clients to freely advertise their product inventory in Google Search, Shopping, Image Search, and YouTube.
- GoDaddy further enhanced Facebook advertising capabilities – The company’s clients can now develop and manage Facebook and Instagram marketing campaigns right from their GoDaddy dashboard.
- Launched GoDaddy Studios – The Over content production platform has been rebranded, with improved features and expanded use cases. Customers may now use GoDaddy Studio’s powerful image creation and editing to generate eye-catching website images and visuals for their whole online presence.
- GoDaddy introduced a Job Postings function within Websites + Marketing – To assist small businesses who are having difficulty filling freshly reopened positions.
- Released its GoDaddy Pro brand in India – With GoDaddy’s products and services, which are custom-built to help web pros boost productivity and build their clients, the company hopes to help web designers and developers expand their opportunities.
