GoDaddy's first quarter net loss was $18.3 million
GoDaddy, the US domain name registration company, today announced its financial report for the first quarter of fiscal 2016. The report shows that GoDaddy's revenue in the first quarter was $433.7 million, an increase of 15.3% over the same period last year's $376.3 million; The net loss was US $18.3 million, of which the net loss attributable to GoDaddy was US $10.5 million, narrowing compared with the net loss attributable to GoDaddy of US $43.4 million in the same period last year. GoDaddy's first quarter performance exceeded Wall Street analysts' expectations, but its second quarter and full year performance outlook did not meet expectations, driving its after hours share price down nearly 4%.
In the fiscal quarter ended March 31, 2016, GoDaddy's revenue was $433.7 million, an increase of 15.3% over the same period last year's $376.3 million, which exceeded analysts' expectations. According to the statistics of Yahoo Finance, analysts had expected the first quarter revenue of GoDaddy to be $4306.2 million on average.
Among them, international revenue was $112.7 million, an increase of 16.7% over the same period of last year. Excluding the impact of exchange rate changes, it was an increase of about 25.1% over the same period of last year. By business department, GoDaddy's domain name business revenue in the first quarter was $218.9 million, an increase of 9.9% over the same period of last year; The revenue from custody business was $156.04 million, up from $140.2 million in the same period last year
14.4%; The business application revenue was $54.4 million, up 47.4% from $36.9 million in the same period last year.
The total cost and expenditure of GoDaddy in the first quarter was $432.4 million, higher than the $396.8 million in the same period last year. Among them, the revenue cost was 154.4 million dollars, higher than 137.2 million dollars in the same period last year; Technology and development expenditure was 71.7 million US dollars, higher than 66.9 million US dollars in the same period last year; Marketing and advertising expenses were 57.5 million US dollars, higher than 50.7 million US dollars in the same period last year; General and administrative expenses were 48.2 million US dollars, higher than 47.9 million US dollars in the same period last year; Depreciation and amortization expenses were $38.9 million, up from $37.4 million in the same period last year.
Operating profit in the first quarter was $1.3 million, compared with an operating loss of $20.5 million in the same period last year. Adjusted EBITDA (earnings not included in interest, tax, depreciation and amortization) was $115.6 million, up 23.1 percent from $93.9 million in the same period last year
Unlevered free cash flow in the quarter was $100.6 million, up 18.2% from $85.1 million in the same period last year. As of March 31, 2016, the total number of users was 14.1 million, up 7.6% from 13.1 million in the same period last year GoDaddy's annual ARPU (average income per user) was $123, an increase of 6.1% over the same period last year's $115. As of March 31, 2016, GoDaddy's total cash and cash equivalents and short-term investments were $440.1 million, total long-term outstanding liabilities were $1042.9 million, total debt was $1080.7 million, and net debt was $640.6 million.
The net loss of GoDaddy in the first quarter was $18.3 million, of which the net loss attributable to GoDaddy was $10.5 million and the net loss attributable to non controlling interests was $7.8 million, compared with the net loss attributable to GoDaddy in the same period last year of $43.4 million; The loss per share was 15 cents, compared with 34 cents in the same period last year. According to the statistics of Yahoo Finance, analysts had expected an average loss of 18 cents per share in the first quarter of GoDaddy.
GoDaddy predicted that the company's revenue in the second quarter of fiscal year 2016 would be between $448 million and $452 million, including $450 million, which fell short of analysts' expectations, and the adjusted EBITDA was expected to be between $99 million and $102 million; The revenue of the whole fiscal year 2016 is expected to be between US $1.83 billion and US $1.845 billion, which also falls short of expectations, and the adjusted EBITIDA is expected to be between US $404 million and US $414 million, both higher than the company's previous expectations. According to the data collected by Yahoo Finance, analysts on average expect that GoDaddy's revenue in the second quarter will reach 4515.2 million dollars, and the annual revenue will reach 1.84 billion dollars.
On the same day, GoDaddy's share price rose $0.60 to close at $30.64, or 2.00%, in regular trading on the New York Stock Exchange. In the subsequent after hours trading as of 16:46 EDT (4:46 GMT on the 5th), GoDaddy's share price fell $1.14, or 3.72%, to $29.50. In the past 52 weeks, the highest share price of GoDaddy was $35.35, The lowest share price is 21.04 dollars.
