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Mar 31, 2020
GoDaddy Q1 2020 Earnings Report
GoDaddy's Q1 2020 earnings were reported with revenue up 12% and operating cash flow up 17%.
Key Takeaways
GoDaddy reported strong first-quarter results, with total revenue increasing by 11.5% year-over-year to $792.0 million and total bookings increasing by 9.3% year-over-year to $951.1 million. The company's #OpenWeStand initiative gained significant momentum, providing resources for small businesses during the pandemic.
Total revenue increased by 11.5% year-over-year to $792.0 million.
Total bookings increased by 9.3% year-over-year to $951.1 million.
Net cash provided by operating activities increased by 16.8% year-over-year to $233.3 million.
Unlevered free cash flow increased by 18.0% year-over-year to $234.5 million.
GoDaddy
GoDaddy
GoDaddy Revenue by Segment
Revenue by Segment
Applications & Commerce Revenue
CapyFin.com Forward Guidance
For the second quarter ending June 30, 2020, GoDaddy expects total revenue of approximately $790 million, or approximately 7% year over year growth.
Positive Outlook
- Expects total revenue of approximately $790 million.
- Approximately 7% year over year growth expected.
- High single-digit growth in Domains expected.
- Mid single-digit growth in Hosting and presence expected.
- Mid-teens growth in Business Applications expected.
Challenges Ahead
- Changes in customer behavior from COVID-19 will disproportionately impact the Hosting and presence category.
- Projections of changes in individual balance sheet amounts are not possible without unreasonable effort.
- Release of reconciliations would imply an inappropriate degree of precision.
- The length and severity of the COVID-19 pandemic and its impact on our business, customers, employees and third-party partners.
- The unpredictable nature of our rapidly evolving market.