Web hosting and cloud services provider GoDaddy has announced revenue growth of 19% in 2018 driven by strong growth in customers and the average revenue per user (ARPU). For 2019 GoDaddy expects further revenue growth of 12-13%.
GoDaddy reported total revenue of $695.8 million in 2018. Net cash provided by operating activities in 2018 were up 23.2% year over year to a total of $128.5 million.
“Entrepreneurism is a way of life for hundreds of millions of people around the world,” said Scott Wagner, CEO of GoDaddy. “At GoDaddy we have made strong advances in the tools and experience we offer, enabling us to serve everyday entrepreneurs at all points in their journey while they dream, create, grow, and manage their ideas.”
Some other financial results for the year ended December 31, 2018 include:
- Customers of 18.5 million at December 31, 2018, up 6.8% year over year
- Average revenue per user (ARPU) of $148, up 6.6% year over year
- Domains revenue of $314.3 million, up 11.6% year over year
- Business Applications revenue of $111.5 million, up 21.5% year over year
- International revenue of $240.3 million, up 15.9% year over year
2019 Revenue Growth
For the full year ending December 31, 2019, GoDaddy expects total revenue in the range of $2.97 billion to $3.00 billion, representing growth of 12-13% versus the $2.66 billion in revenue generated in 2018.
For the full year 2019, GoDaddy expects unlevered free cash flow in a range of $730 million to $745 million, representing growth of 18-20% versus the $620 million in unlevered free cash generated in 2018.
GoDaddy announced Fara Howard as Chief Marketing Officer. Ms. Howard will lead all aspects of marketing strategy and execution, including brand and performance marketing, community engagement, and customer lifecycle management.
Improvements in conversational marketing would continue to drive new and expanding campaigns to reach existing customers, enabling GoDaddy to better identify and serve the need states in its customer base.