How Is GoDaddy Likely To Grow In The Next 2 Years?
GoDaddy (NASDAQ:GDDY) has seen impressive growth in recent years, as its revenue grew at 18% annually and its stock price doubled between 2015 and 2017. As more and more companies rely on digitally growing their business, GoDaddy’s strong position in the domain registration market will help it continue its strong growth in the near term.
We believe GoDaddy’s revenue will jump nearly 28% by 2019. We have created an interactive dashboard which shows our forecasts and estimates; you can modify the key value drivers to see how they impact the company’s revenues.
- Down 11% This Year, Will Expedia Stock Recover Following Q1 Results?
- Is 3M Stock Appropriately Priced Around $95?
- How Is AMD’s Fledgling AI Business Doing?
- Li Auto Is Down 30% This Year, What’s Happening With The Stock?
- What’s Happening With T-Mobile Stock?
- With The Stock Flat This Year, Will Q1 Results Drive Booking Holdings’ Stock Higher?
GoDaddy’s Segment Revenue Growth
Domain revenues have grown at 12% annually, driven by 10% annual growth in domain registrations. A strong position in the global domain registration business and the acquisition of HEG should further boost the segment’s revenues in the near term.
The Hosting and Presence business includes a variety of products which help customers in creating and maintaining their online presence using website building, online marketing, virtual and shared hosting, security, and other services. The segment’s revenue has grown at 20% annually. As more and more small and medium businesses are going online, we expect substantial growth from this segment.
The Business Applications segment accounts for distribution and support of multiple in-house and third-party applications for conducting business such as email marketing, email accounts, Microsoft Office 365, and others. These revenues have grown by over 35%, and we expect further growth with increased adoption of these products.
