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Mar 31, 2021
GoDaddy Q1 2021 Earnings Report
GoDaddy's Q1 2021 earnings were released, revealing revenue of $901.1 million and bookings exceeding $1 billion.
Key Takeaways
GoDaddy reported strong first-quarter results, with bookings surpassing $1 billion, marking a 14% year-over-year increase. The company raised its full-year revenue and unlevered free cash flow guidance, reflecting confidence in its growth strategy and market demand.
Total revenue reached $901.1 million, a 13.8% increase year-over-year.
Total bookings amounted to $1,088.7 million, up 14.5% year-over-year.
Unlevered free cash flow was $268.3 million, a 14.4% increase year-over-year.
GoDaddy raised full-year revenue expectations by $45 million to $3.745 billion.
GoDaddy
GoDaddy
Forward Guidance
GoDaddy anticipates revenue of approximately $920 million for the second quarter ending June 30, 2021, representing approximately 14% year-over-year growth, and raised its full-year revenue expectations by $45 million to $3.745 billion, representing approximately 13% year-over-year growth. The company also raised its unlevered free cash flow expectation to approximately $955 million for the full year, representing growth of 16% versus 2020.
Positive Outlook
- Revenue growth by category is expected to approximate high-teens growth in Domains.
- Revenue growth by category is expected to approximate high-teens growth in Business Applications.
- Revenue growth by category is expected to approximate high-single-digit growth in Hosting and Presence.
- Full year revenue expectations raised by $45 million to $3.745 billion, representing approximately 13% year-over-year growth.
- Unlevered free cash flow expectation raised to approximately $955 million for the full year, representing growth of 16% versus 2020.