GoDaddy (NYSE:GDDY) is up 16% today, the company announced strong earnings yesterday and a share buyback.
CNBC broke it down
- GoDaddy on Wednesday announced its biggest ever share buyback of $500 million.
- The company reported a 12% rise in quarterly revenue as the web hosting company earned more per user, sending its shares up 10% in extended trading.
- Average revenue per user rose 7.1% to $155 in the third quarter.
- At the end of the quarter, GoDaddy had 19.1 million customers, up 4.6% from a year earlier.