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GoDaddy reports strong domains growth
Kevin Murphy,
February 14, 2024, 18:22:32 (UTC),
Domain Registrars
GoDaddy reported its fourth-quarter financial results last night, including growth in primary and secondary market domain sales it described as strong.
The company reported Q4 net income up 1,132% at $1.13 billion, on revenue up 5.8% at $1.1 billion. Income was higher than revenue due to a tax fiddle worth about a billion dollars.
CEO Aman Bhutani told analysts that domains revenue growth in the quarter was up 4%, while domains bookings was up 7%. Aftermarket domain sales totaled $118 million, an increase of 14%, he said.
For the full year, GoDaddy had net income up 295% at $1.39 billion on revenue that grew 4% to $4.25 billion. The annual results were of course also affected by the same tax situation.
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