GoDaddy Announced 17.5% Revenue Growth

GoDaddy recently reported financial results for the first quarter ended March 31, 2015.

“Our investments in products, technology platform, and customer care are making a real difference for our customers around the world, and our first quarter results demonstrate the benefits of focusing on their needs. Continued strong growth in customers and ARPU drove both our first quarter revenue and EBITDA up nearly 18%,” said Blake Irving, GoDaddy chief executive officer.

First Quarter Financial Highlights

  • Revenue of $376.3 million, up 17.5% year over year.
  • Total Bookings of $498.7 million, up 13.7% year over year.
  • Adjusted EBITDA of $93.9 million, up 17.8% year over year.
  • Unlevered free cash flow of $85.1 million, an increase of 70.7% year over year.
  • Customers were 13.1 million at quarter end, up 9.3% year over year.
  • Annual ARPU of $115, up 9.6% year over year.

First Quarter Operating Highlights

  • GoDaddy launched GoDaddy Email Marketing (GEM), building on its 2014 acquisition of Mad Mimi, to provide customers with simple and effective email marketing.
  • Domains revenue of $199.2 million, up 10.4% year over year.
  • Hosting and Presence revenue of $140.2 million, up 21.2% year over year.
  • Business Applications revenue of $36.9 million, up 53.3% year over year.
  • International revenue of $95.9 million, up 23.4% year over year.
  • GoDaddy priced the initial public offering of 23 million shares of its Class A common stock at $20 per share and began trading on the New York Stock Exchange on April 1 under the symbol “GDDY.” The underwriters of the offering subsequently exercised an over-allotment option to purchase an additional 3 million shares.

Initial Public Offering

On April 7, 2015, GoDaddy successfully closed its initial public offering (IPO) of 26 million shares of Class A common stock at a public offering price of $20 per share, which included 3 million shares sold pursuant to the underwriters’ over-allotment option and 2.5 million shares sold to certain affiliates. GoDaddy received $491.8 million in proceeds, net of underwriting discounts and commissions, from the IPO.

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