GoDaddy sets revenue record for 2021 fourth quarter; EPS up nearly 30%

GoDaddy's offices in Hiawatha. CREDIT RICHARD PRATT

GoDaddy reported record revenue Thursday for the fourth quarter of 2021, buoyed by a strong increase in earnings per share (EPS) and beating analysts’ estimates in both categories.

The Tempe, Arizona-based domain registrar and website hosting company, with operations in Hiawatha, reported total revenues for the quarter ending Dec. 31 of $1.02 billion, up 16.6% from the $874 million reported for the same quarter in 2020. Analysts had expected total revenue of $973.1 million.

The company also reported EPS of $0.97, topping analysts’ EPS estimate of $0.75 by nearly 30%. Operating income for the quarter totaled $124.8 million, up 29.7% from the $92.5 million reported for the same period last year.

For the fiscal year ended Dec. 31, GoDaddy reported $3.82 billion in total revenue and $382 million in operating income.

Looking ahead, GoDaddy expects total revenue in the range of $985 million to $990 million for the first quarter ending March 31, representing year over year growth of 10% at the midpoint versus 2021, and total revenue in the range of $4.14 billion to $4.16 billion for the full year ending Decl 31, 2022, representing year over year growth of 9% at the midpoint versus 2021.

“GoDaddy accelerated its pace of execution across the business in 2021 and delivered another great year of results,” GoDaddy CEO Aman Bhutani said. “Strong receptivity to our recent OmniCommerce launch shows how we can grow the value we deliver to our customers, and we’re excited to continue on our mission of helping small businesses succeed in the year ahead.”

“GoDaddy delivered strong financial results in 2021, including generating over $1 billion in quarterly revenue for the first time in the company’s history,” GoDaddy CFO Mark McCaffrey added. “We’re also pleased to announce a $3 billion share repurchase plan, with the intent to launch a $750M accelerated share repurchase in the first quarter of 2022.”