The company reported third quarter earnings of $97.7 million, or 58 cents a share, on revenue of $964 million, up 14% from a year ago. Wall Street was expecting GoDaddy to report third quarter revenue of $945.6 million with earnings of 40 cents a share. GoDaddy said it was upbeat about the prospects for its hardware and payments efforts. The company recently launched aggressively priced point-of-sale devices and payment processing services to gain market share. In addition, GoDaddy is focused on launching its omnichannel marketing and e-commerce services.
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Aman Bhutani, GoDaddy CEO, said: By the unit, GoDaddy said domains revenue was $453.2 million in the third quarter, up 17% from a year ago. Hosting and presence revenue was $324.7 million, up 7.4% and business application sales were $186.1 million, up more than 20% from a year ago. As for the outlook, GoDaddy projected fourth quarter revenue of $970 million, up 11% from a year ago. Analysts were modeling $971.3 million. For 2021, GoDaddy projected revenue of about $3.765 billion, up 14% from a year ago. Unlevered free cash flow for 2021 will be about $960 million. GoDaddy said it will continue to invest in technology and development and hold marketing spending flat sequentially.
