GoDaddy (GDDY) Q4 Earnings Miss Estimates, Revenues Beat
Zacks Investment Research | Feb 18, 2020 06:39AM ET
GoDaddy Inc. (NYSE:GDDY) reported fourth-quarter 2019 adjusted earnings of 34 cents per share, missing the Zacks Consensus Estimate of 37 cents. However, the bottom line was up 21.4% from the year-ago quarter.
The company generated revenues of $780.4 million, up 12.2% year over year or 13% on a constant-currency basis. The reported figure surpassed the Zacks Consensus Estimate by 0.4%.
The revenue growth was driven by strong performance of its product segments on a year-over-year basis. Also, the increase in revenue per user aided growth.
International revenues were $261.4 million in the fourth quarter, up 8.8% year over year or approximately 11.2% on a constant-currency basis.
Segmental Revenues
GoDaddy generates revenues from three segments — Domain, Hosting and Presence, & Business Applications.
Domain: The company generated revenues of $352.3 million (45% of total revenues) from this segment. The figure improved 12.1% from the year-ago quarter, driven by strong liquid domain aftermarket and renewals.
Hosting and Presence: This segment generated revenues of $292.8 million (38% of revenues), increasing 8.4% on a year-over-year basis. The revenue growth can be primarily attributed to robust feature engagements, bookings and appointments within this segment. Further, the well-performing GoCentral remained a major positive.
Business Applications: Revenues from this segment came in at $135.3 million (17% of revenues), increasing 21.3% year over year.
GoDaddy Inc. Price, Consensus and EPS Surprise
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