Primary and aftermarket domain revenue jumped in Q2.
GoDaddy (NASDAQ: GDDY) reported Q2 earnings after the markets closed this afternoon.
For the quarter, revenue clocked in at $1.2 billion, up 8% year-over-year. Total bookings were $1.3 billion, up 7% year-over-year.
The Core Platform segment, which includes domain names, beat guidance at 5% growth to $753.7 million. Domains led the way, with both primary and aftermarket domain revenue growing 7%. Aftermarket revenue was $119 million for Q2, with an average transaction value (ATV) of $312. The average ATV a year ago was $258.
Applications and Commerce revenue increased 14% year-over-year to $463.9 million.
The company noted a fourth quarter headwind when GoDaddy will no longer operate .co. Losing .co will be a 50 basis point headwind to bookings and revenue.
GoDaddy has been all-in on AI, both for customer-facing products such as Airo and internally. In prepared remarks, CEO Aman Bhutani talked about how this is saving the company time and money:
As an example, we recently concluded a test integrating a new partner product into GoDaddy’s technology stack over a matter of weeks rather than months. Remarkably, nearly one hundred percent of the code was generated by AI and guided by a senior engineer, this was work that would have typically required a small team for a few months.
Source: https://domainnamewire.com/
