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Home > Web Hosting > GoDaddy reports 2019 financial results

GoDaddy reports 2019 financial results

Erdem Yasar by Erdem Yasar
February 14, 2020
in Web Hosting
1 min read
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GoDaddy reports 2019 financial results
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GoDaddy reported financial results for the fourth quarter and full-year for 2019. GoDaddy announced the revenue growth of 12%.

According to 2019 financial results reported by the GoDaddy, at December 31, 2019, total cash and cash equivalents and short-term investments were $1,086.4 million, total debt was $2,432.3 million and net debt was $1,345.9 million. GoDaddy’s was total revenue is $780.4 million, up 12.2% year over year, or 13.0% on a constant currency basis and net cash provided by operating activities is $162.2 million, up 26.2% year over year.

GoDaddy reports 2019 financial results 2

Revenue Growth of 12%, Operating Cash Flow up 29%, and uFCF up 19%

GoDaddy CEO Aman Bhutani
GoDaddy CEO Aman Bhutani

GoDaddy also reports that average revenue per user (ARPU) is $158, up 6.6% year over year and domains revenue is $352.3 million, up 12.1% year over year. GoDaddy CEO Aman Bhutani said,

“GoDaddy continues to execute against its strategy, empowering everyday entrepreneurs through sage guidance, seamlessly intuitive experiences, and activating our community. We are well-positioned to deliver strong results for our customers, communities, and shareholders in 2020.”

GoDaddy CFO Ray Winborne said,

“We are pleased that we were able to land 2019 financial performance right where we said we would. As we look to 2020, we have provided guidance that reflects the ongoing strength of our business.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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