Godaddy Expects Revenues To Reach $3.7bn By Year’s End.

The US-based domain registrar and web hosting company GoDaddy released its earnings results for the second quarter, reporting a 15.5% increase in revenues for a $931.3m total.

“We are pleased with the strong quarter for GoDaddy, and we are even more excited about the journey that lies ahead for the company,” said GoDaddy CEO Aman Bhutani.

The secular tailwinds are strong, and we have great products on the way that will help everyday entrepreneurs more than ever before.”

  • Check out our roundup of the best-shared hosting
  • We’ve also featured the best website builder on the market
  • Also, we are in list of the best free web hosting services available

Business growth

The news follows successful first-quarter earnings, when GoDaddy reported total revenue of $901.1m in May 2021.

The company also reported total bookings of $1.05bn, up 12.7% year over year, or 10.6% on a constant currency basis.

For its third-quarter ending September 30, 2021, GoDaddy expects revenue of approximately $945 million, or 12% year over year growth.

The company is also expecting its full-year revenue to reach approximately $3.75 billion, representing 13% year over year growth.

“GoDaddy is a unique place with an incredible vision, and I’m thrilled to be a part of it,” said GoDaddy CFO Mark McCaffrey.

“There’s an enormous long-term opportunity, and GoDaddy has the resources and people we demand to capture that opportunity in a way that serves our customers and generates value for shareholders.”

The company’s steady growth in revenue boils down to several factors. One of them is its introduction of GoDaddy payments – a solution that enables websites and Managed WordPress WooCommerce clients to handle all of their business transactions directly through GoDaddy.

During Q2, GoDaddy repurchased nearly a million shares for an aggregate purchase price of $81m, with approximately $1bn remaining under current authorizations.