The above graph represents the GoDaddy total costs and operating expenses by quarter, starting from Q1 2014 to the most recent quarter. GoDaddy costs and operating expenses increased an 18.1% YoY in Q2 2019, to $718.3 million. That’s representing a whopping 97.4% of the company’s total revenue in the second quarter.
GoDaddy has always been investing a significant amount in technology & development, marketing & advertising, Customer Care, etc. to support their revenue growth.
GoDaddy Costs and Operating Expenses: History
|Source||GoDaddy Quarterly Reports|
|Last Updated||29 October 2019|
|Note||GoDaddy Fiscal Year – Jan 01 – December 31|
One must note that, between Q1 2014 and Q2 2015, GoDaddy was spending more money on its costs and operating expenses than its quarterly revenue. In Q1 2014, GoDaddy’s total costs and expenses stood at $354.3 million, accounting for 110.6% of the company total revenue. However, a year later, the share of total costs and expenses to the company’s overall revenue declined to 105.5%, but the year-over-year growth in operating expenses increased 12% to $396.8 million.
In Q2 2017, the GoDaddy’s operating expenses crossed $500-million mark for the first time. The total costs and expenses jumped 23.6% YoY to $551.7 million during the quarter. In just nine months, the company increased its costs and operating expenses by $54.7 million, totalling $606.4 million by the end of Q1 2018.
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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