GoDaddy.com (GDDY) as its stock ticker announced their Q4 Earnings yesterday and after looking at the topline numbers which were pretty solid, 21 percent revenue boost in 2017. GoDaddy reported net income of $94.8 million, or 54 cents per share, on revenue of $602.2 million for the quarter ended Dec. 31.
That compares with a net loss of $800,000, or 2 cents loss per share, on revenue of $485.9 million for the same quarter a year ago, In the past 12 months, however, the company’s domains revenue of $281.6 million is up 16 percent year over year, The hosting and presence revenue of GoDaddy is now $228.8 million up 30 percent from a year ago.
On the balance sheet, GoDaddy finished the year with $595 million in cash and short-term investments and net debt of $1.9 billion. This put their leverage at 3.1 times on a pro forma Trailing Twelve basis. During the quarter, they took advantage of market conditions and refinanced their term loans, lowering interest rate to LIBOR plus 2.25%. This new rate implies cash interest payments in 2018 of $90 to $95 million.
Currently, GoDaddy is valued at $9.2 Billion based on their current market cap, One of the largest shareholders in GoDaddy currently is Technology Crossover Partners (TCV.com) who own 25,790,717 shares in GoDaddy they also have shares in other businesses such as Netflix, Facebook, Electronic Arts.
Bob Parsons the founder of GoDaddy still owns a large number of shares in GoDaddy.com, Do you still use GoDaddy.com since they stopped there Dot Com registration deals?