Web Hosting Company GoDaddy Reports Strong Second Quarter 2015 Results

GoDaddy (NYSE: GDDY), one of the world’s largest web hosting providers dedicated to small businesses, reported financial results for the second quarter ended June 30, 2015. The company’s revenues went up 16.5% driven by strong growth in both customers and average revenue per user (ARPU).

web-hosting-godaddy“Our investments in products, technology platform, and customer care are delivering innovative and increasingly personalized products and services for our customers around the world,” said Blake Irving, GoDaddy’s Chief Executive Officer (CEO). “Our second quarter results again show that focusing on their needs drives real shareholder returns.”

GoDaddy’s Second Quarter Financial Highlights:

  • Revenue of $394.5 million, up 16.5% year over year.
  • Total Bookings of $475.9 million, up 16.0% year over year.
  • Adjusted EBITDA of $82.3 million, up 29.0% year over year.
  • Unlevered free cash flow of $77.0 million, an increase of 21.1% year over year.
  • Customers were 13.3 million at quarter end, up 9.1% year over year.
  • Annual ARPU of $118, up 8.6% year over year.

GoDaddy’s Second Quarter Operating Highlights:

  • godaddy-web-hostingDomains revenue of $208.5 million, up 10.3% year over year.
  • Hosting and Presence revenue of $145.5 million, up 18.5% year over year.
  • Business Applications revenue of $40.5 million, up 51.4% year over year.
  • International revenue of $100.2 million, up 19.6% year over year.
  • GoDaddy now offers more than 375 top level domain extensions (including gTLDs and ccTLDs) and has more than 60 million domains under management.
  • GoDaddy Pro continues to grow, with tens of thousands of web professionals now signed up, nearly half of which are in international markets.
  • GoDaddy Email Marketing (GEM) is now available globally in multiple languages, and is being offered through GoDaddy’s Website Builder and via web professionals through GoDaddy Pro. GoDaddy also began offering Microsoft Office 365 bundled with GoDaddy Website Builder.

For the third quarter ending September 30, 2015, GoDaddy expects revenues in the range of $405 – $410 million and adjusted EBITDA in the range of $82 – $85 million. For the full year ending December 31, 2015, GoDaddy expects revenues in the range of $1,595 – $1,605 million and adjusted EBITDA in the range of $328 – $333 million.

Furlow consulting