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GoDaddy quarterly results top estimates as revenue per user rises – Source Reuters Tech News

(Reuters) – GoDaddy Inc’s quarterly results topped Wall Street expectations on Thursday, as the web hosting company earned more revenue per user, sending it shares up 5% in extended trade.

The world’s largest domain registrar that manages about a fifth of all global web domains earned $158 per user in the quarter compared with analysts’ average estimate of $157.8 per user, according to Refinitiv data.

GoDaddy also forecast full-year revenue of $3.34 billion, slightly higher than Wall Street expectations of $3.31 billion.

Total revenue rose 12.2% to $780.4 million from $695.8 million, higher than analysts’ average estimate of $777.2 million, according to IBES data from Refinitiv.

Net income attributable to the company rose to $60.5 million, or 34 cents per share, in the fourth quarter ended Dec. 31, from $42.5 million, or 24 cents per share, a year earlier.. Analysts on average had expected earnings of 31 cents per share.

However, the company’s first result for an entire…

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Source Reuters Tech News

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