Ecommerce Demand Before Black Friday Helps Boost GoDaddy Revenue

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The growing demand has helped domain and website hosting provider GoDaddy to post significant increases in profit and revenue for its last financial quarter.

The company’s domain and e-commerce offerings have been reported as some of the services that have helped the company’s revenue increase year over year.

“GoDaddy has taken a big step into the commerce scene with the hardware and payment offerings we launched in the third quarter,” said GoDaddy CEO Aman Bhutani.

“New solutions like these, combined with a consistent, cash-generating business, gives us confidence in our ability to seize new opportunities and generate profitable growth at scale. “

GoDaddy OmniCommerce

GoDaddy has worked on the design and manufacture of several internal components and also created their own OmniCommerce solution for websites + marketing with point-of-sale devices, integrated payments and other solutions that power commerce in online and offline.

GoDaddy’s Website + Marketing Annualized Recurring Revenue (ARR) grew by more than 20% year-on-year for the third quarter of 2021, with products such as its managed WordPress hosting service and GoDaddy Studios helping the company to exceed $ 400 million.

GoDaddy CFO Mark McCaffrey said, “We are pleased with the third quarter results and excited about the many growth opportunities ahead. “

“We are focused on execution in the fourth quarter and beyond, and we look forward to sharing more about GoDaddy’s bright future on our Investor Day in February. “

Despite the overall growth, GoDaddy’s third quarter results did not outperform the previous quarter, where the company reported a 15.5% revenue increase.


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