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GoDaddy earnings send stock up after hours

Domain name and web presence powerhouse beat expectations in Q4.

GoDaddy logo showing the heart-shaped design

GoDaddy (NYSE: GDDY) reported Q4 2019 earnings this afternoon that pleased Wall Street. Shares were up over 5% in after-hours trading.

The company reported $780.4 revenue for the quarter, up 12.2% from the same quarter of 2018. Revenue for the year was $2.9881 billion, up 12.3% on the year. Bookings increased 14% on the year.

Net income in Q4 was 35 cents per share.

The domains business had revenue of $352.3 million in Q4 2019, up 12.1% year-over-year. In Q3, it reported $345.3 million revenue from domains.

Looking ahead to 2020, the company forecasts $3.315 revenue for the year, which represents 11% growth.

 

 

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