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GoDaddy (GDDY) Reports In-Line Q1 EPS, Revenues Beat; Guides Q2 Revenues Above Street

May 8, 2018 4:22 PM

GoDaddy (NYSE: GDDY) reported Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $633.2 million versus the consensus estimate of $622.4 million.

GUIDANCE:

GoDaddy sees Q2 2018 revenue of $640-645 million, versus the consensus of $635.9 million.

For the second quarter ending June 30, 2018, GoDaddy expects total revenue in the range of $640 to $645 million. For the full year 2018, GoDaddy raised its revenue expectations to a range of $2.620 to $2.640 billion, representing approximately 18% growth at the midpoint. The full year revenue outlookincludes roughly $10 million per quarter in the back half of the year from the recently announced planned acquisition of Main Street Hub.

For the full year 2018, GoDaddy is raising its unlevered free cash outlook to $615 to $625 million, representing approximately 25% growth at the midpoint versus the $496 million in unlevered free cash generated in 2017.GoDaddy expects full year cash interest payments of approximately $90 million to $95 million and cash tax-related payments of $25 million to $30 million.

Our consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). We do not provide reconciliations from non-GAAP guidanceto GAAP, because projections of changes in individual balance sheet amounts are not possible without unreasonable effort, and release of such reconciliations would imply an inappropriate degree of precision. Our reported results provide reconciliations of non-GAAP financial measures to their nearest GAAP equivalents.

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

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