GoDaddy Q2/2022: Positive growth, #domain sales undecipherable
GoDaddy released its Q2/2022 financial statement yesterday, rocking the numbers as far as revenue and year to year growth goes.
The biggest domain registrar in the world reported a 9% annual increase in revenue, with Normalized EBITDA hitting 30% year to year.
GoDaddy displayed strong performance in its eCommerce solutions platforms, such as hosting and GoDaddy Payments. Its applications and commerce accounted for a 15% annual growth at $317 million dollars, with its core platform, the domain registrar & sales, achieving 7% in annual growth at $698 million dollars.
GoDaddy is now displaying a full year of steady growth, both in NEBITDA and cash flow, the latter growing at a rate of 19% annually. Since the beginning of 2022, GoDaddy repurchased stock worth $1 billion dollars.
Unfortunately, GoDaddy bundles its domain sales services along with registrations and renewals, referring to it as its “Core platform.” In that sense, there is no clear way to gauge the performance of its domain aftermarket, such as Afternic and the Uniregistry Market.
GoDaddy acquired another domain aftermarket, Dan.com, earlier this year.
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