GoDaddy posts Q3 revenue of $844.4 million

GoDaddy (NYSE:GDDY) posted third quarter earnings today. In 2020 they have added 1 million customers.

Stock up $1.50 in After Hours trading

Highlights:

Q3 revenue of $844.4 million, up 11.0% YoY; bookings of $945.0 million, up 11.0% YoY; and net cash from operating activities of $197.3 million, down 1.4% YoY
GoDaddy added 400k+ net customers in Q3, up 1m to date in 2020 — the largest 9-month increase in the company’s history
Revenue growth accelerated in GoDaddy’s three product categories of domains, hosting and presence, and business applications
For Q4, GoDaddy expects revenue of approximately $865 million, up 11% YoY

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

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