GoDaddy’s Q1 domain name revenue grows 10.0% year over year to $240.8 million

GoDaddy Inc. (NYSE: GDDY), today reported financial results for the first quarter ended March 31, 2017.

Domains revenue of $240.8 million, up 10.0% year over year.

“GoDaddy delivered another very good quarter, with strong customer growth, revenue growth and great cash flow,” said GoDaddy CEO Blake Irving. “We are off to a strong start in 2017 with the delivery of GoCentral, our new mobile-optimized website builder, and the acquisition of Host Europe Group, which significantly expands our presence internationally. We continue to see tremendous opportunity for solid growth over the long-term, as we expand both our product offerings and the markets we serve.”

First Quarter Financial Highlights

• Total revenue of $489.7 million, up 12.9% year over year, or 13.7% on a constant currency basis.
• Total bookings of $624.8 million, up 12.0% year over year, or 12.7% on a constant currency basis.
• Net cash provided by operating activities of $126.6 million, up 20.2% year over year.
• Unlevered free cash flow of $114.1 million, up 13.4% year over year, or 25% if not for the additional pay period in Q1 2017 versus Q1 2016.
• Customers were nearly 15.1 million at quarter end, up 6.9% year over year. Including HEG customers of over 1.7 million, GoDaddy had approximately 16.8 million customers at the beginning of the second quarter.
• Average revenue per user (ARPU) of $130, up 6.4% year over year.
• Domains revenue of $240.8 million, up 10.0% year over year.
• Hosting and Presence revenue of $178.3 million, up 11.2% year over year.
• Business Applications revenue of $70.6 million, up 29.8% year over year.
• International revenue of $134.3 million, up 17.0% year over year, or 19.9% on a constant currency basis.

Business Highlights

• GoDaddy completed the acquisition of HEG in April 2017, establishing a market leading position in Europe for small business cloud services.
• GoDaddy launched GoCentral, a new service combining a mobile-optimized website builder with an integrated set of marketing and e-commerce tools to help anyone connect with the audience for their idea or business.
• GoDaddy acquired Sucuri in April 2017, advancing digital security for small business owners with a suite of security tools designed to protect website owners from emerging online threats.
• GoDaddy launched business hosting for fast-growing small businesses, including a simple cPanel giving customers with limited technical skills the ability to manage new and existing websites and their DNS in an easy-to-use control panel interface.
• GoDaddy and The Onion launched a new campaign bringing ‘The Internet’ to life as a spokesperson for GoDaddy.
• GoDaddy partnered with WP Elevation and OSTraining providing free WordPress education resources for WordPress users, developers and designers.
• GoDaddy won multiple 2017 Stevie® Awards for exceptional customer service, marking its sixth consecutive year of wins at the Stevie® Awards.
• GoDaddy launched GoCommunities, a social impact program empowering entrepreneurs in low-income areas with training, tools and peer networks to accelerate their ventures.