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| $GDDY shares up 47% YOY as of Nov 3, 2017 |
GoDaddy Inc. (NYSE: GDDY) (godaddy.com), the world's largest domain name registrar, will release financial results for the third quarter on Monday, November 6, 2017, after the stock market closes.
Following the news release, GoDaddy management will host a conference call webcast Nov 6 at 5:00 p.m. Eastern Time--LIVE webcast: investors.godaddy.net; or dial (866) 393-4306 in the United States or (617) 826-1698 from international locations, with passcode 99530486. Following completion of the call, a recorded replay will be available on the investor relations website.
UPDATE Nov 6, 2017, 5:00 PM ET: Listen to Webcast
GoDaddy's (GDDY) CEO Blake Irving on Q3 2017 Results - Earnings Call Transcript | SeekingAlpha.com
Results (pdf) excerpt: "GoDaddy delivered yet another great quarter, with continued strong growth in customers, revenue and cash flow,” said GoDaddy CEO Blake Irving. “As I look to my retirement from the CEO seat at the end of the year, I couldn’t be prouder of what the team has accomplished. Revenue has grown at a compounded annual growth rate of 19% over the last four years, we now serve more than 17 million customers around the world, and we’ve built a world-class team and culture, that under the leadership of Scott Wagner, will continue to deliver amazing things for our customers for years to come.”
• Total revenue of $582.2 million, up 23.3% year over year, or 23.6% on a constant currency basis.
• Total bookings of $668.0 million, up 25.0% year over year, or 24.7% on a constant currency basis.
• Net cash provided by operating activities of $131.4 million, up 31.8% year over year.
• Unlevered free cash flow of $137.2 million, up 43.5% year over year.
• Customers were 17.1 million at quarter end, up 17.7% year over year, including the contribution from HEG. • Average revenue per user (ARPU) of $134, up 5.1% year over year.
• Domains revenue of $271.5 million, up 14.8% year over year.
• Hosting and Presence revenue of $225.9 million, up 29.8% year over year.
• Business Applications revenue of $84.8 million, up 38.1% year over year.
• International revenue of $198.1 million, up 51.0% year over year, or 51.8% on a constant currency basis, including the contribution from HEG.
Business Highlights: • GoDaddy announced the early release of Pro Managed WordPress, a new hosting platform designed specifically for WordPress web professionals, bundling high-performance and highly-reliable hosting, with end-to-end security, and the essential tools necessary to efficiently manage multiple clients and websites. • GoDaddy's GoCentral is seeing continued strong adoption, increasing conversion from free to paid, positive customer feedback and rising net promoter scores, all while we continue to rapidly add new features. • GoDaddy launched TrustedSite, a new website security certification, to enable small businesses to better protect their online customers. • GoDaddy completed a secondary offering of 20 million shares of its Class A common stock sold by certain of its stockholders at $44.00 per share in September 2017, increasing the publicly available float. • In August, GoDaddy closed the sale of PlusServer and paid off the associated €500 million bridge loan with proceeds and cash on hand. Balance Sheet At September 30, 2017, total cash, cash equivalents and short-term investments were $553.3 million, total debt was $2,488.6 million and net debt was $1,935.3 million.
• Total revenue of $582.2 million, up 23.3% year over year, or 23.6% on a constant currency basis.
• Total bookings of $668.0 million, up 25.0% year over year, or 24.7% on a constant currency basis.
• Net cash provided by operating activities of $131.4 million, up 31.8% year over year.
• Unlevered free cash flow of $137.2 million, up 43.5% year over year.
• Customers were 17.1 million at quarter end, up 17.7% year over year, including the contribution from HEG. • Average revenue per user (ARPU) of $134, up 5.1% year over year.
• Domains revenue of $271.5 million, up 14.8% year over year.
• Hosting and Presence revenue of $225.9 million, up 29.8% year over year.
• Business Applications revenue of $84.8 million, up 38.1% year over year.
• International revenue of $198.1 million, up 51.0% year over year, or 51.8% on a constant currency basis, including the contribution from HEG.
Business Highlights: • GoDaddy announced the early release of Pro Managed WordPress, a new hosting platform designed specifically for WordPress web professionals, bundling high-performance and highly-reliable hosting, with end-to-end security, and the essential tools necessary to efficiently manage multiple clients and websites. • GoDaddy's GoCentral is seeing continued strong adoption, increasing conversion from free to paid, positive customer feedback and rising net promoter scores, all while we continue to rapidly add new features. • GoDaddy launched TrustedSite, a new website security certification, to enable small businesses to better protect their online customers. • GoDaddy completed a secondary offering of 20 million shares of its Class A common stock sold by certain of its stockholders at $44.00 per share in September 2017, increasing the publicly available float. • In August, GoDaddy closed the sale of PlusServer and paid off the associated €500 million bridge loan with proceeds and cash on hand. Balance Sheet At September 30, 2017, total cash, cash equivalents and short-term investments were $553.3 million, total debt was $2,488.6 million and net debt was $1,935.3 million.
Business Outlook: For the fourth quarter ending December 31, 2017, GoDaddy expects total revenue in the range of $591 to $596 million including HEG. For the full year ending December 31, 2017, GoDaddy raised its revenue expectations to a range of $2.221 to $2.226 billion, representing approximately 20% growth at the midpoint. For the full year of 2018, GoDaddy expects revenue growth in the range of 13-15%.
Presentation (pdf) embed below:
About GoDaddy (source GoDaddy Inc.): With nearly 17 million customers worldwide and over 72 million domain names under management, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, including its cloud platform dedicated to small, independent ventures, visit www.GoDaddy.com.
Lockup expiration: GoDaddy (NYSE:GDDY), Nov. 6, 2017--SeekingAlpha.com.
Twitter: @GoDaddy
About GoDaddy (source GoDaddy Inc.): With nearly 17 million customers worldwide and over 72 million domain names under management, GoDaddy is the place people come to name their idea, build a professional website, attract customers and manage their work. Our mission is to give our customers the tools, insights and the people to transform their ideas and personal initiative into success. To learn more about the company, including its cloud platform dedicated to small, independent ventures, visit www.GoDaddy.com.
Lockup expiration: GoDaddy (NYSE:GDDY), Nov. 6, 2017--SeekingAlpha.com.
Twitter: @GoDaddy
Shark Tank's Barbara Corcoran gets your business website cooking, with @istudio. https://t.co/RN3Cn8h0dz— GoDaddy (@GoDaddy) October 30, 2017
How to generate advertising revenue on your blog while avoiding too much ad clutter. @blondishnet shares her tips. https://t.co/T2NMAqrnsg— GoDaddy (@GoDaddy) October 30, 2017
Becoming a web developer is an exciting and ever-evolving challenge. @wordcandy_co's tips can get you coding fast. https://t.co/VYyr4awF2U— GoDaddy (@GoDaddy) November 1, 2017
