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GoDaddy sold over $1 billion of domains in 2016

Kevin Murphy, February 17, 2017, 14:44:23 (UTC), Domain Registrars

GoDaddy’s domain sales topped $1 billion for the first time last year, CEO Blake Irving told analysts this week.
The milestone was revealed as the registrar reported its fourth-quarter and full-year 2016 earnings late Wednesday.
In the fourth quarter, the company had a net loss of $800,000, compared to a year-ago loss of $500,000, on revenue that was up 14.2% at $485.9 million.
For the year, its loss was $21.9 million, compared to $120.4 million in 2015, on revenue that was up 15% at $1.85 billion.
GoDaddy also breaks out its revenue by segment, showing that domains revenue was up 11.2% at $242.5 million for the fourth quarter and up 11% at $927.8 million for the year.
Domain “bookings” — a somewhat informal measure that gives an indication of cash sales from domain names (as opposed to revenue under GAAP accounting) — surpassed $1 billion for the first time, Irving said.

Comments (2)

  1. Domo Sapiens says:

    1 Billion in domain market sales?
    sounds like bull-sh*t to me…

  2. Mark Thorpe says:

    What else is new, GoDaddy is taking domain sales away from domainers!
    On top of that, they want you to buy the domains they can’t sell or don’t want, through GoDaddy auctions.
    Gee thanks GoDaddy, you are so kind!

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