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Dec 31, 2020
GoDaddy Q4 2020 Earnings Report
GoDaddy reported strong Q4 2020 results with revenue growth and customer acquisition.
Key Takeaways
GoDaddy reported Q4 2020 revenue of $873.9 million, a 12.0% increase year-over-year. Total bookings were $943.1 million, up 13.1% year-over-year. The company added 1.4 million net new customers in 2020 and saw strong growth in its commerce offerings.
Total revenue increased by 12.0% year-over-year to $873.9 million.
Total bookings grew by 13.1% year-over-year to $943.1 million.
GoDaddy welcomed nearly 1.4 million net new customers in 2020.
ARPU increased by 5.1% year-over-year to $166.
GoDaddy
GoDaddy
Forward Guidance
GoDaddy expects total revenue of approximately $885 million for the first quarter ending March 31, 2021, representing approximately 12% year-over-year growth. For the full year ending December 31, 2021, the company expects total revenue of approximately $3.70 billion, representing approximately 12% year-over-year growth, and unlevered free cash flow of approximately $945 million, representing growth of 15%.
Positive Outlook
- Total revenue is expected to grow by approximately 12% year-over-year in Q1 2021.
- Full year revenue is projected to reach approximately $3.70 billion in 2021.
- Unlevered free cash flow is anticipated to grow by 15% in 2021.
- GoDaddy completed the Poynt acquisition in February 2021.
- GoDaddy launched The Hub, by GoDaddy Pro in January 2021.
Challenges Ahead
- GoDaddy's Chief Financial Officer and Chief Legal Officer announced their intention to retire in 2021.
- Projections of changes in individual balance sheet amounts are not possible without unreasonable effort.
- The company does not provide reconciliations from non-GAAP guidance to GAAP.
- Actual results could differ materially from current expectations due to various factors.
- The impact of the COVID-19 pandemic on business, customers, employees and third-party partners.