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GoDaddy revenue tops $1.8 billion in 2016

Kevin Murphy, January 27, 2017, 12:46:59 (UTC), Domain Registrars

GoDaddy today said that its revenue for 2016 topped $1.8 billion.

In a preliminary disclosure to the markets ahead of its formal February 15 earnings announcement, the registrar said that annual revenue for 2016 is expected to come in at $1.84 billion.

That compares to $1.6 billion in 2015.

Its fourth-quarter revenue is expected to be $486 million, up from $425 million in the fourth quarter of 2015.

GoDaddy said that at the end of the year it had $573 million in cash and equivalents and just over a $1 billion in long-term debt.

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