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2019-05-02

GoDaddy $GDDY Q1 2019 Earnings LIVE Webcast May 2, 5 pm EDT

GoDaddy
GoDaddy Inc. NYSE: GDDY, (godaddy.com), release of financial results for the first quarter (Q1 2019) on Thursday, May 2, 2019, after the stock market closes, with a LIVE webcast and conference call at 5:00 p.m. EDT. To hear the call, dial (833) 286-5800 in the United States or (647) 689-4445 from international locations, with passcode 5078531. A live webcast of the call will also be available on GoDaddy's investor relations website at https://investors.godaddy.net. Following completion of the call, a recorded replay will be available on the investor relations website. GoDaddy is the world's largest domain name registrar, and also provides hosting, cloud, and other technology services to 18.5 million customers worldwide.

Listen to Webcast -- Press Release -- Presentation

GoDaddy CEO Scott Wagner on Q1 2019 Results--Earnings Call Transcript.

Q1 2019 Results excerpts:
  • Total revenue of $710.0 million, up 12.1% year over year, or approximately 13.6% on a constant currency basis.
  • Total bookings of $870.5 million, up 11.2% year over year, or approximately 13.5% on a constant currency basis.
  • Net cash provided by operating activities of $199.7 million, up 34.6% year over year.
  • Unlevered free cash flow of $198.8 million, up 22.4% year over year.
  • Customers of 18.8 million, up 6.4% year over year.
  • Average revenue per user (ARPU) of $150, up 8.5% year over year.
  • Domains revenue of $319.6 million, up 9.6% year over year.
  • Hosting and Presence revenue of $268.9 million, up 12.1% year over year.
  • Business Applications revenue of $121.5 million, up 19.5% year over year.
  • International revenue of $245.1 million, up 8.2% year over year, or approximately 12.2% on a constant currency basis.
Operating Highlights:
  • GoCentral, GoDaddy's website builder, and Managed WordPress continue to see robust subscription growth, driven by feature expansion and improvements in awareness.
  • GoDaddy acquired Sellbrite, a world-class multi-channel eCommerce suite, to broaden its tools in eCommerce channel syndication, advanced inventory management and fulfillment.
  • GoDaddy launched support for digital downloads, enabling customers to sell music, e-books, videos, art and other content in online stores.
  • After strong reception in Brazil and Mexico, GoDaddy launched its Open-Xchange powered business email offering for customers in India.
  • GoDaddy launched "Connections," a customer management tool that helps entrepreneurs organize and engage with their audience.
  • In February, GoDaddy surpassed four million customers in its EMEA region.
  • GoDaddy acquired CoBlocks and ThemeBeans, continuing its investment in the WordPress ecosystem.
  • GoDaddy completed a secondary offering of 8.5 million shares of its Class A common stock sold by certain of its stockholders at $75.40 per share in February 2019, increasing the publicly available float.
  • In March, GoDaddy's credit rating was upgraded by Moody's to Ba2, reducing the margin on its debt to 200 basis points from 225 basis points.
Balance Sheet: At March 31, 2019, total cash, cash equivalents and short-term investments were $1,109.0 million, total debt was $2,451.1 million and net debt was $1,342.1 million.

Business Outlook: For the full year 2019, GoDaddy expects revenue in the range of $2.97 billion to $3.00 billion, representing full-year growth of 12% to 13%. For the second quarter ending June 30, 2019, GoDaddy expects revenue of $730 million to $740 million.

Editor's note: due to the 'miss' on analysts consensus on revenue and EPS, $GDDY shares are down in after hours trading 2 May 2019.
$GDDY


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