infotechlead

GoDaddy expects revenue of $4.16 bn in 2022

GoDaddy said it expects revenue of $985-$990 million, representing 10 percent growth, for the first quarter ending March 31, 2022.
GoDaddy India businessGoDaddy expects revenue of $4.14-$4.16 billion, representing growth of 9 percent, versus the $3.82 billion of revenue generated in 2021.

Revenue

$1,019.3

$873.9

16.6 %

$3,815.7

$3,316.7

15.0 %

Domains

$497.3

$402.2

23.6 %

$1,809.9

$1,515.1

19.5 %

Hosting and presence

$329.9

$308.8

6.8 %

$1,283.4

$1,200.6

6.9 %

Business applications

$192.1

$162.9

17.9 %

$722.4

$601.0

20.2 %

International

$330.8

$293.2

12.8 %

$1,270.8

$1,105.4

15.0 %

GoDaddy’s OmniCommerce shows strong signals of adoption within first quarter of launch. Over a thousand point-of-sale devices sold and tens of thousands of GoDaddy Payments applications from customers.

60 percent of customers with the commerce tier of Websites + Marketing and nearly a quarter of our Managed WordPress customers with commerce enabled have adopted GoDaddy Payments over well-known competitors.

Annualized recurring revenue (ARR) from GoDaddy’s Create and Grow group of products, which includes Websites + Marketing, Managed WordPress, Sellbrite, and GoDaddy Studios, surpassed $410 million, growing 19 percent in the fourth quarter of 2021.

GoDaddy’s Websites + Marketing ARR grew more than 20 percent in the fourth quarter of 2021.

The commerce tier of GoDaddy’s Websites + Marketing ARR grew 24 percent in the fourth quarter of 2021.

GoDaddy sees strong growth in its commerce offerings with gross merchandise volume (GMV) of $26 billion, up 21 percent.

During the fourth quarter, GoDaddy acquired Pagely, a leader in Managed WordPress, to build a WooCommerce SaaS platform.

GoDaddy launched several Pro Hub enhancements including: priority care ticketing, commission-based incentives, percent-based pricing for new reseller customers, a drastically simplified product pricing process, and client reporting capabilities.

Latest

More like this
Related

UNCTAD warns of rising digital market concentration as tech giants tighten grip

The UN Conference on Trade and Development (UNCTAD) has...

Why Google is facing $3.3 bn court case from Moltiply in Italy?

Moltiply Group, the parent company of the Italian price...

What Global Payments’ $22.7 bn Worldpay deal means for customers

Global Payments is adopting a multi-pronged strategic approach with...

Sports betting industry struggles with invalid traffic

The global sports betting industry is growing rapidly, with...