Wednesday, August 3, 2016
=GoDaddy (GDDY) reported earnings Wed 3 Aug 2016 (a/h)
The company reported higher-than-expected Q2 revenue, but a larger-than-expected net loss per share, but higher Ebitda; raised its revenue and Ebitda range this year above consensus, and named a new CFO.
Revenue in the three months ended in June rose nearly 16%, year over year, to $456.2 million, yielding a net loss of 11 cents a share on a GAAP basis.
Analysts had been modeling $451 million and a 4-cent loss per share.
Ebitda, on an adjusted basis, came in at $103.5 million better than the expected $101 million.
CEO Blake Irving called it a “strong” quarter, noting the revenue growth, and what would have been 18% growth if not for the effect of foreign currency exchange.
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