GoDaddy (NYSE: GDDY) reported Q1 EPS of $0.01, $0.07 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $489.7 million versus the consensus estimate of $487.9 million.

GUIDANCE:

GoDaddy sees FY2017 revenue of $2.195-2.225 billion, versus the consensus of $2.2 billion.

Business Outlook

For the second quarter ending June 30, 2017, GoDaddy expects total revenue in the range of $548 to $553 million including HEG. For the full year ending December 31, 2017, GoDaddy raised its revenue expectations to a range of $2.195 to $2.225 billion, representing approximately 20% growth at the midpoint.

For the full year 2017, GoDaddy expects unlevered free cash flow in a range of $465 to $485 million, representing approximately 33% growth at the midpoint versus the approximately $357 million in unlevered free cash generated in 2016. Q2 2017 unlevered free cash flow will benefit from one less pay period versus Q2 2016 and the first contribution from HEG.

Highlights

• Total revenue of $489.7 million, up 12.9% year over year, or 13.7% on a constant currency basis.
• Total bookings of $624.8 million, up 12.0% year over year, or 12.7% on a constant currency basis.
• Net cash provided by operating activities of $126.6 million, up 20.2% year over year.
• Unlevered free cash flow of $114.1 million, up 13.4% year over year, or 25% if not for the additional pay period in Q1 2017 versus Q1 2016.
• Customers were nearly 15.1 million at quarter end, up 6.9% year over year. Including HEG customers of over 1.7 million, GoDaddy had approximately 16.8 million customers at the beginning of the second quarter.
• Average revenue per user (ARPU) of $130, up 6.4% year over year.
• Domains revenue of $240.8 million, up 10.0% year over year.
• Hosting and Presence revenue of $178.3 million, up 11.2% year over year.
• Business Applications revenue of $70.6 million, up 29.8% year over year.
• International revenue of $134.3 million, up 17.0% year over year, or 19.9% on a constant currency basis.

For earnings history and earnings-related data on GoDaddy (GDDY) click here.