GoDaddy Reports $780.4 Million Revenue in 2019, Up 13 Percent

Web hosting provider GoGaddy, a provider of web hosting services for small businesses across the globe, has reported total revenue of $780.4 million, up 12.2% year over year, or 13.0% on a constant currency basis.

GoDaddy also saw its number of customers increase last year. The web hosting company counted 19.3 million customers at December 31, 2019, up 4.1% year over year. Net cash provided by operating activities came down to $162.2 million, up 26.2% year over year.

“GoDaddy continues to execute against its strategy – empowering everyday entrepreneurs through sage guidance, seamlessly intuitive experiences, and activating our community,” said Aman Bhutani, CEO of GoDaddy. “We are well positioned to deliver strong results for our customers, communities, and shareholders in 2020.”

GoDaddy appointed Aman Bhutani as GoDaddy‘s new CEO in September 2019. Mr. Bhutani was previously President of Brand Expedia Group. GoDaddy’s former CEO Scott Wagner stepped down for health reasons.

Other highlights of GoDaddy’s full year 2019 results include:

  • Average revenue per user (ARPU) of $158, up 6.6% year over year.
  • Domains revenue of $352.3 million, up 12.1% year over year.
  • Hosting and Presence revenue of $292.8 million, up 8.4% year over year.
  • Business Applications revenue of $135.3 million, up 21.3% year over year.
  • International revenue of $261.4 million, up 8.8% year over year, or 11.2% on a constant currency basis.

Business Outlook 2020

For the full year ending December 31, 2020, GoDaddy expects the following. For the first quarter ending March 31, 2020, GoDaddy expects total revenue of approximately $795 million, or approximately 12% year over year growth.

“We are pleased that we were able to land 2019 financial performance right where we said we would,” said Ray Winborne, CFO of GoDaddy. “As we look to 2020, we have provided guidance that reflects the ongoing strength of our business.”

Some Business Highlights in 2019

Websites + Marketing – GoDaddy’s website and marketing suite, launched integrations with Google Shopping and the Facebook Developer Platform, enabling service commerce bookings in Facebook and Instagram.

Websites + Marketing – introduced inventory import capabilities, enabling online commerce customers to “easily” import inventory data from popular marketplaces into a newly created website.

The Launch of GoDaddy Go theme for WordPress – bringing proprietary technology for ease of use and design to the WordPress community. Go has quickly become one of the fastest growing themes in the WordPress ecosystem.

GoDaddy acquired Over – a multifaceted content creation tool for small businesses and entrepreneurs, equipping anyone and everyone to grow a brand and stand out in an increasingly crowded world.

GoDaddy announced the acquisition of Uniregistry’s domain registrar and marketplace businesses as well as their domain portfolio – reinforcing the company’s commitment to domain investors.

GoDaddy

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