GoDaddy tops guidance with massive growth in aftermarket domain revenue.
GoDaddy (NYSE: GDDY) published third-quarter earnings after the market closed this afternoon.
Growth in aftermarket domain name revenue surged 28%, helping the company top revenue guidance for the quarter.
Overall revenue in the third quarter was $1.3 billion, up 10% year-over-year.
Total bookings were $1.4 billion, up 9% year-over-year.
The Core Platform segment, which includes domain names, grew a strong 8% year-over-year to $784.3 million. Aftermarket revenue was $136 million, up from $119 million in Q2 of this year. The company said that large transactions returned to the aftermarket.
Applications and Commerce revenue increased 14% year-over-year to $481 million.
GoDaddy raised its full-year outlook. It now expects revenue of $4.93 billion to $4.95 billion. (Last quarter it guided to $4.89 billion to $4.94 billion revenue for the full year.)
The company’s guidance includes the headwinds from losing management of .co and does not anticipate any large aftermarket deals.
GoDaddy also said that 45% of the code written at GoDaddy is now composed by AI. It also mentioned the new DomainNames.com site, which was built with a vibe coding platform.
Source: https://domainnamewire.com/
