{"id":59534,"date":"2018-02-23T06:36:00","date_gmt":"2018-02-23T06:36:00","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=59534"},"modified":"2018-02-23T06:36:00","modified_gmt":"2018-02-23T06:36:00","slug":"godaddy-revenue-tops-estimates-as-customer-base-expands","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/godaddy-revenue-tops-estimates-as-customer-base-expands.html","title":{"rendered":"GoDaddy revenue tops estimates as customer base expands"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">GoDaddy revenue tops estimates as customer base expands<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">GoDaddy Inc\u2019s quarterly revenue topped Wall Street estimates on Thursday, as the web-hosting company earned more from each user and expanded customer base with its acquisition of Host Europe Group.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Shares of GoDaddy, which also forecast current-quarter revenue above estimates, rose 4.5 percent to $57.95 in extended trading.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The company\u2019s average revenue per user rose 6.9 percent to $139 in the fourth quarter. Its total paying customers were 17.3 million, marking 17.6 percent growth from last year.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">GoDaddy, which completed its $1.82 billion acquisition of Host Europe in April last year, reported a 53 percent jump in international revenue to $207.3 million.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Chief Executive Officer Scott Wagner on a post-earnings call said the company intends to continue its international expansion.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Chief Financial Officer Ray Winborne also said in an interview with Reuters that \u201cwe are always looking (at acquisitions).\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The company forecast current-quarter revenue of $620 million to $625 million, above analysts\u2019 estimate of $598.6 million, according to Thomson Reuters I\/B\/E\/S.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Net income attributable to the company was $92.6 million, or 54 cents per share, in the quarter ended Dec. 31, compared with a net loss of $1.9 million, or 2 cents per share, a year earlier.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The company booked a tax benefit of $86 million in the latest quarter related to changes in the U.S. tax code.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Total revenue rose 24 percent to $602.2 million, topping analysts\u2019 estimate of $594.6 million.<\/span><\/p>\n<p><span style=\"font-size: 8pt\">Source:-\u00a0https:\/\/www.reuters.com\/article\/us-godaddy-results\/godaddy-revenue-tops-estimates-as-customer-base-expands-idUSKCN1G62SZ<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/godaddy-revenue-tops-estimates-as-customer-base-expands.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>GoDaddy revenue tops estimates as customer base expands GoDaddy Inc\u2019s quarterly revenue topped Wall Street estimates on Thursday, as the web-hosting company earned more from each user and expanded customer base with its acquisition of Host Europe Group. Shares of GoDaddy, which also forecast current-quarter revenue above estimates, rose 4.5 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":59539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[7945,6028,122113,64],"class_list":["post-59534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-company-news","tag-corporate-events","tag-godaddy-revenue-tops-estimates-as-customer-base-expands","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/59534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=59534"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/59534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/59539"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=59534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=59534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=59534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}