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

Three Months Ended March 31,




(in millions, except customers in thousands and ARPU)

GAAP Results








Net loss(1)






Net cash provided by operating activities







Non-GAAP Results

Unlevered Free Cash Flow(2)







Operating Metrics

Total Bookings







Total customers at period end














Net loss for the three months ended March 31, 2017 includes acquisition-related expenses of $3.5 million, primarily related to our April 2017 acquisition of Host Europe Group (HEG), and includes $3.2 million of financing-related fees related to our recent debt modification. Net loss for the three months ended March 31, 2016 includes acquisition-related expenses of $0.4 million.


GoDaddy had one additional pay period in Q1 2017 versus Q1 2016, without which uFCF would have increased more than 25% in Q1 2017.

  • 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.

About Konstantinos Zournas

I studied Computer Engineering and Computer Science in London, UK and I am now living in Athens, Greece. I went online in 1995, started coding in 1996 and began buying domain names and creating websites in 2000. I started the blog in 2012.

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