GoDaddy aims to please with first earnings report as a public company
GoDaddy published its first quarterly earnings report since going public on April 1, and the domain hosting service seems to be keeping shareholders entertained.
Tech Earnings
The Scottsdale, Ariz.-based company reported a net loss of $43.4 million, or 34 cents per share, on a revenue of $376.3 million, up 17.5 percent year-over-year (statement).
Wall Street was looking for 35 cents per share with $374.52 million in revenue.
GoDaddy also grew total bookings by 13.7 percent year-over-year to $498.7 million during the three-month period.
"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," wrote GoDaddy CEO Blake Irving, in prepared remarks.
For the current quarter, Wall Street expects GoDaddy to return with $390.66 million in revenue.
GoDaddy responded with a surprisingly stronger revenue guidance range of $390 million to $395 million.
For the year, GoDaddy projected revenue to fall between $1.595 billion to $1.605 billion.