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GoDaddy price increases lead to revenue growth
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<blockquote data-quote="DNF Newsbot" data-source="post: 2379562" data-attributes="member: 322996106"><p><strong>GoDaddy last night reported domains revenue ahead of forecasts after it raised its prices and sold more higher-priced domains on the aftermarket.</strong></p><p></p><p>The company’s Core Platform segment, which includes domains and hosting, reported first-quarter revenue up 4% compared to a year ago at $725 million, with domains revenue driving growth, up 7% percent to an unspecified amount.</p><p></p><p>“Our growth was driven by strong demand for domains in the primary and secondary market, increased pricing in the primary market and a higher average transaction value in the secondary market,” CFO Mark McCaffrey said in prepared remarks.</p><p></p><p>Aftermarket revenue was up 12% to another unspecified amount.</p><p></p><p>Including the company’s other revenue streams, GoDaddy reported net income of $401.5 million on revenue up 7% at $1.1 billion.</p><p></p><p>Verisign, the .com registry, last week <a href="https://domainincite.com/29802-com-still-shrinking-because-of-china" target="_blank">reported stagnating .com growth</a> that it blamed in part on US registrars raising their retail prices, leading to lower first-year sales and renewals.</p><p></p><p>The post <a href="https://domainincite.com/29829-godaddy-price-increases-lead-to-revenue-growth" target="_blank">GoDaddy price increases lead to revenue growth</a> first appeared on <a href="https://domainincite.com" target="_blank">Domain Incite</a>.</p><p></p><p><a href="https://domainincite.com/29829-godaddy-price-increases-lead-to-revenue-growth" target="_blank">Continue reading...</a></p></blockquote><p></p>
[QUOTE="DNF Newsbot, post: 2379562, member: 322996106"] [B]GoDaddy last night reported domains revenue ahead of forecasts after it raised its prices and sold more higher-priced domains on the aftermarket.[/B] The company’s Core Platform segment, which includes domains and hosting, reported first-quarter revenue up 4% compared to a year ago at $725 million, with domains revenue driving growth, up 7% percent to an unspecified amount. “Our growth was driven by strong demand for domains in the primary and secondary market, increased pricing in the primary market and a higher average transaction value in the secondary market,” CFO Mark McCaffrey said in prepared remarks. Aftermarket revenue was up 12% to another unspecified amount. Including the company’s other revenue streams, GoDaddy reported net income of $401.5 million on revenue up 7% at $1.1 billion. Verisign, the .com registry, last week [URL='https://domainincite.com/29802-com-still-shrinking-because-of-china']reported stagnating .com growth[/URL] that it blamed in part on US registrars raising their retail prices, leading to lower first-year sales and renewals. The post [URL='https://domainincite.com/29829-godaddy-price-increases-lead-to-revenue-growth']GoDaddy price increases lead to revenue growth[/URL] first appeared on [URL='https://domainincite.com']Domain Incite[/URL]. [url="https://domainincite.com/29829-godaddy-price-increases-lead-to-revenue-growth"]Continue reading...[/url] [/QUOTE]
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