GoDaddy $GDDY Q1 2019 Earnings LIVE Webcast May 2, 5 pm EDT

GoDaddy Inc. NYSE: GDDY, (godaddy.com), release of financial results for the first quarter (Q1 2019) on Thursday, May 2, 2019, after the stock market closes, with a LIVE webcast and conference call at 5:00 p.m. EDT. To hear the call, dial (833) 286-5800 in the United States or (647) 689-4445 from international locations, with passcode 5078531. A live webcast of the call will also be available on GoDaddy's investor relations website at https://investors.godaddy.net. Following completion of the call, a recorded replay will be available on the investor relations website. GoDaddy is the world's largest domain name registrar, and also provides hosting, cloud, and other technology services to 18.5 million customers worldwide.

Listen to Webcast -- Press Release -- Presentation

GoDaddy CEO Scott Wagner on Q1 2019 Results--Earnings Call Transcript.

Q1 2019 Results excerpts:

• Total revenue of $710.0 million, up 12.1% year over year, or approximately 13.6% on a constant currency basis.
• Total bookings of $870.5 million, up 11.2% year over year, or approximately 13.5% on a constant currency basis.
• Net cash provided by operating activities of $199.7 million, up 34.6% year over year.
• Unlevered free cash flow of $198.8 million, up 22.4% year over year.
• Customers of 18.8 million, up 6.4% year over year.
• Average revenue per user (ARPU) of $150, up 8.5% year over year.
• Domains revenue of $319.6 million, up 9.6% year over year.
• Hosting and Presence revenue of $268.9 million, up 12.1% year over year.
• Business Applications revenue of $121.5 million, up 19.5% year over year.
• International revenue of $245.1 million, up 8.2% year over year, or approximately 12.2% on a constant currency basis.

Operating Highlights:

• GoCentral, GoDaddy's website builder, and Managed WordPress continue to see robust subscription growth, driven by feature expansion and improvements in awareness.
• GoDaddy acquired Sellbrite, a world-class multi-channel eCommerce suite, to broaden its tools in eCommerce channel syndication, advanced inventory management and fulfillment.
• GoDaddy launched support for digital downloads, enabling customers to sell music, e-books, videos, art and other content in online stores.
• After strong reception in Brazil and Mexico, GoDaddy launched its Open-Xchange powered business email offering for customers in India.
• GoDaddy launched "Connections," a customer management tool that helps entrepreneurs organize and engage with their audience.
• In February, GoDaddy surpassed four million customers in its EMEA region.
• GoDaddy acquired CoBlocks and ThemeBeans, continuing its investment in the WordPress ecosystem.
• GoDaddy completed a secondary offering of 8.5 million shares of its Class A common stock sold by certain of its stockholders at $75.40 per share in February 2019, increasing the publicly available float.
• In March, GoDaddy's credit rating was upgraded by Moody's to Ba2, reducing the margin on its debt to 200 basis points from 225 basis points.

Balance Sheet: At March 31, 2019, total cash, cash equivalents and short-term investments were $1,109.0 million, total debt was $2,451.1 million and net debt was $1,342.1 million.

Business Outlook: For the full year 2019, GoDaddy expects revenue in the range of $2.97 billion to $3.00 billion, representing full-year growth of 12% to 13%. For the second quarter ending June 30, 2019, GoDaddy expects revenue of $730 million to $740 million.

Editor's note: due to the 'miss' on analysts consensus on revenue and EPS, $GDDY shares are down in after hours trading 2 May 2019.

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DISCLAIMER

GoDaddy decision: Trademarks, Cybersquatting, Domain Name Registrants

In a story that was first reported yesterday by the Hollywood Reporter, domain name registrar, parking, and hosting provider, GoDaddy.com NYSE: GDDY, has won at the trial court level, an important and widely watched cybersquatting case. The case may be appealed. Here's the takeaway for domain name registrants--

"Towards the end of the lengthy ruling, the judge says there is a "fundamental problem" with the Academy's theory of liability under the Anticybersquatting Consumer Protection Act [ACPA]. He writes, "[I]t confuses GoDaddy’s technical capacity to filter all trademarks with AMPAS’s legal duty to police its own trademarks. At its core, AMPAS’s [Academy of Motion Picture Arts and Sciences] ACPA claim would impose upon GoDaddy (and presumably any other company offering parking, hosting, or other basic internet services) the unprecedented duty to act as the internet’s trademark police. The ACPA did not impose such sweeping obligations."" Film Academy Loses to GoDaddy in Oscars Cybersquatting Battle - Hollywood Reporter (September 10, 2015) (emphasis, links, added)

“… every domain name registrant who registers a domain name … represents that (1) his or her domain name does not “violate ... any third party rights;” (2) the owner has no knowledge of any “infring[ment] or conflict with the legal rights of a third party or a third party’s trademark or trade name;” and (3) that the registrant’s website “conforms to all local, state, federal, and internal laws.”…” Academy of Motion Picture Arts and Sciences vs. GoDaddy.com, Inc., et al, US District Court, C.D. Ca., Case No. CV 10-03738 AB (CWx), Findings of Fact and Conclusions of Law (pdf), September 10, 2015 (emphasis added)

See also on Domain Mondo: Registrant Resources:

RFC1591: "The registration of a domain name does not have any Trademark status. It is up to the requestor [registrant] to be sure he is not violating anyone else's Trademark ..." - Jon Postel, ISI (University of Southern California) March, 1994

The takeaway for Domain Name Registrants? Nothing has changed.

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DISCLAIMER

Web.com Q2 2015 Earnings Conference Call and LIVE Webcast 5pm ET

UPDATE August 7, 2015:  Web.com Group's (WWWW) CEO David Brown on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha: David Brown - Chairman, Chief Executive Officer and President: "And relative to Google Domains I would say Josh, our response would be same as before. There is really not been any noticeable impact from Google Domains, [the] domain space is commoditized very competitive space [i.e., low profit margins] and at this point there are other significant players that have more muscle and at this point Google really hasn't shown much muscle in the space." (emphasis added)

Questions: Will Google get completely out of the commoditized, very competitive, low profit-margin domain name business? Why did they ever get into it? Did someone in Mountain View drink the ICANN new gTLDs Kool-Aid?

See:

• New gTLD Domains, the Walking Dead and Dying, ICANN FY15 Results 02 July 2015
• Google Dumps Its CAR New gTLD Domain, What Does That Tell You? 19 May 2015
• Has Google Fallen Out Of Love With ICANN's New gTLDs? 13 January 2015

Web.com Group stock charts: 5 year (left above) and 5-day (right above) [chart source: google.com]

The Web.com Group, Inc. [ check stock price now: NASDAQ:WWWW ], reported Q2 2015 financial results, after the U.S. financial markets closed on Thursday, July 30, 2015. A conference call and webcast, 5:00 pm ET (US), scheduled to discuss the Company's financial results and current business outlook. The webcast and replay of the call with accompanying slides will be available at the Investor Relations page of the Company's website (http://ir.web.com). To access the call, dial 877-407-0789 (domestic) or 201-689-8562 (international). A replay of the conference call will be available until August 6, 2015, at 877-870-5176 (domestic) or 858-384-5517 (international). The replay conference ID is 13614023. See also: Web.com Group's (WWWW) CEO David Brown on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha

Web.com Second Quarter 2015 Earnings Conference Call - Jul 30, 2015, 5:00 PM ET:

• Listen to webcast
• Presentation pdf 722.3 KB

• Stock Exchange:Symbol (check price now): NASDAQ:WWWW
• Principal domain name: web.com
• SEC Filings - Web.com Group, Inc.

Web.com Q2 2015 Financial Results (NASDAQ:WWWW):

Summary of Second Quarter 2015 Financial Results:

• Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $135.7 million for the second quarter of 2015, compared to $138.2 million for the second quarter of 2014. Non-GAAP revenue was $140.0 million for the second quarter of 2015, compared to $144.7 million in the year-ago quarter, and above the high end of the Company's guidance range of $137.0 million to $138.5 million.
• GAAP operating income was $14.9 million for the second quarter of 2015, compared to $10.4 million for the second quarter of 2014. Non-GAAP operating income was $34.3 million for the second quarter of 2015, representing a 25% non-GAAP operating margin, compared to $38.4 million for the second quarter of 2014, representing a 27% non-GAAP operating margin.
• GAAP net income was $4.6 million, or $0.09 per diluted share, for the second quarter of 2015. GAAP net loss was $0.8 million, or $0.02 per diluted share, for the second quarter of 2014. Non-GAAP net income was $31.5 million for the second quarter of 2015, or $0.60 per diluted share, exceeding the high end of the Company's guidance of $29.0 million to $30.0 million, or $0.56 to $0.57 per diluted share. The Company had non-GAAP net income of $33.6 million, or $0.62 per diluted share, for the second quarter of 2014.
• Adjusted EBITDA was $38.4 million for the second quarter of 2015, compared to $41.8 million for the second quarter of 2014, representing a 27% and 29% adjusted EBITDA margin during three months ended June 30, 2015 and 2014, respectively. 
• The Company generated cash from operations of $45.5 million for the second quarter of 2015, compared to $37.1 million of cash flow from operations for the second quarter of 2014. 

Second Quarter and Recent Business Highlights:

• Web.com's total net subscribers were approximately 3,316,000 at the end of the second quarter of 2015, up approximately 21,000 from the end of the first quarter of 2015.
• Web.com's average revenue per user (ARPU) was $13.91 for the second quarter of 2015 compared to $14.89 for the second quarter of 2014. ARPU was up sequentially during the second quarter of 2015 from $13.75 during the first quarter of 2015.
• Web.com's trailing twelve month customer retention rate was 87.7% for the second quarter of 2015. This is in line with recent levels of high customer retention.
• Web.com used $30.0 million in cash to reduce debt during the second quarter of 2015.
• Repurchased 657,000 shares for $14.2 million in the second quarter of 2015.

Tweets about $WWWW

Web.com Group, Inc. provides Internet services to small businesses including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. Domain Name Registrars Network Solutions (networksolutions.com) and Register.com are brands of the Company. (source: Web.com Group)

See also on Domain Mondo:

Web.com (NASDAQ:WWWW) Stock Hit by Citigroup Downgrade
Jun 23, 2015
A downgrade of domain name registrar Web.com (NASDAQ: WWWW) to neutral by Citigroup hit the stock hard this morning. The registrar and web services provider provides domain name registration services through ...

Web.com First Quarter 2015 Financial Results
May 01, 2015
Web.com First Quarter 2015 Financial Results, WWWW, domain name registrar, Network Solutions, Register.com, Web.com Group,

Web.com Chairman Bearish on new gTLDs, Premium Domain Names
Mar 11, 2015
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