GoDaddy quarterly revenue rises 22.3 percent

Reuters News
Posted: Aug 08, 2017 4:19 PM

(Reuters) - GoDaddy Inc reported a 22.3 percent rise in quarterly revenue, as the website domain name provider expanded its customer base and earned more from each user, boosted by its acquisition of Host Europe Group.

Net income attributable to the company was $20.8 million, or 10 cents per share, in the second quarter ended June 30, compared with a loss of $8.9 million, or 11 cents per share, a year earlier.

Total revenue rose to $557.8 million from $456.2 million.

Average revenue per user rose 3.2 percent to $129 at the end of the quarter.

The company had bought peer Host Europe Group in December to expand its footprint in Europe.

(Reporting by Amy Caren Daniel and Ismail Shakil in Bengaluru; Editing by Shounak Dasgupta)