Web hosting provider GoGaddy, which provides web hosting services to small businesses around the world, reported total revenues of $780.4 million, an increase of 12.2% over the previous year or 13.0% in constant currency.
The number of GoDaddy customers also increased last year. From the 31st. As at 31 December 2019, the hosting company had 19.3 million customers, an increase of 4.1% on the previous year. Net cash flow from operating activities decreased to $162.2 million and increased by 26.2% compared to the previous year.
GoDaddy continues to work against his strategy of empowering everyday entrepreneurs through leadership, intuitive experience and community activation, says Aman Bhutani, CEO of GoDaddy. We have every opportunity to achieve high results for our customers, communities and shareholders in 2020.
In September 2019 GoDadi appointed Aman Bhutani as new CEO. Mr. Bhutani used to be president of Brand Expedia Group. Former GoDaddy CEO Scott Wagner has resigned for health reasons.
GoDaddy’s other important results for the whole year 2019 :
- Average revenue per subscriber (ARPU) was $158, an increase of 6.6% over the previous year.
- Revenue of the domain was $352.3 million, an increase of 12.1% compared to last year.
- Revenue from hospitality and presence was $292.8 million, an increase of 8.4% over the previous year.
- Sales from commercial applications amounted to $135.3 million, an increase of 21.3% compared to last year.
- International revenues of $261.4 million, an increase of 8.8% or 11.2% in constant terms.
Business outlook 2020
For the whole year until the 31st. By December 2020 GoDaddy predicts the following. For the first quarter ending 31 December When the project ends in March 2020, GoDaddy expects total revenues of approximately US$795 million, approximately 12% higher than the previous year.
We are pleased that in 2019 we were able to deliver exactly the promised financial results, according to Ray Winborne, Chief Financial Officer of GoDaddy. For 2020, we are making recommendations that reflect the continuing strength of our business.
Some characteristics of companies in 2019
Sites + Marketing – GoDaddy’s website and marketing package, launched the integration with Google Shopping and the Facebook development platform, which allows you to make commercial bookings on Facebook and Instagram.
Websites + Marketing – stock import functionality has been introduced, allowing online retail customers to easily import stock data from popular markets to their newly created website.
The introduction of the GoDaddy Go Theme for WordPress brings its patented usability and design technology to the WordPress community. Go has quickly become one of the fastest growing topics in the WordPress ecosystem.
Acquired by GoDaddy, Over is a versatile content creation tool for small businesses and entrepreneurs that enables everyone to develop a brand and differentiate themselves in an increasingly busy world.
GoDaddy announced the acquisition of Uniregistry’s domain business and portfolio, strengthening the company’s commitment to domain investors.