The above graph represents the GoDaddy net income by quarter, starting from fiscal Q1 2014 to the recently completed quarter. The quarterly net income of GoDaddy increased an appreciable 40.5% YoY in Q4 2019, to $61.1 million. However, it’s a notable 20.4% QoQ decline from Q3 2019 when a whopping $76.8 million in total net income was reported.
GoDaddy Quarterly Net Income: History
|Source||GoDaddy Quarterly Reports|
|Note||GoDaddy fiscal year starts from January 1st|
As the graph shows, GoDaddy had been suffering from the loss between Q1 2014 and Q2 2016, despite increasing the revenue, ARPU and customer base in its homegrown. In Q1 2014, GoDaddy reported a net loss of $51.3 million, which increased to $71.3 million in Q2 2015.
Interestingly, in Q3 2016, GoDaddy reported its first profitable quarter; about $472.1 million in revenue was generated with a net profit of $8.3 million, worldwide.
One must note that the fourth quarter of 2017 remained one of the most fruitful quarters for the web hosting company, in terms of revenue, net income, increase in customer base, etc. In Q4 2017, GoDaddy reported its highest-ever net profit of $94.8 million. However, it couldn’t long last as in Q1 2018, the quarterly net income of GoDaddy declined a massive 95.6% to just $4.2 million.
About GoDaddy Inc: Additional Information
GoDaddy Inc. (NYSE: GDDY) is the world’s one of the largest internet domain name registrar and web hosting company. In 1997, Bob Parsons formed a company named “Jomax Technologies”, which later became GoDaddy. On May 28, 2014, the company was incorporated in Delaware.
In 2005, GoDaddy became the largest ICANN-Accredited registrar on the Internet.
In January 2009, GoDaddy began offering .IN domain names to small businesses in India. While in June 2012, the company launched its full-scale operations in India which soon became the company’s largest international office.
In July 2011, GoDaddy Group Inc agreed to be bought by a private equity consortium led by KKR, Silver Lake, and Technology Crossover Ventures, for about $2.25 billion.
On April 7, 2015, GoDaddy completed its initial public offering (IPO) of 26,000,000 shares of its Class A common stock, at a public offering price of $20.00 per share.
GoDaddy’s top acquisitions include Outright.com (July 2012), M.dot Inc (February 11, 2013), Locu (August 19, 2013), Media Temple (October 15, 2013), Afternic (September 19, 2013), Mad Mimi (August 20, 2014), Worldwide Media (December 7, 2015), FreedomVoice for $42M (May 17, 2016), ManageWP (September 6, 2016), Cognate (September 25, 2018), Sellbrite (April 10, 2019).
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