GoDaddy (NYSE: GDDY) reported Q2 EPS of ($4.06), which does not compare to the analyst estimate of $0.15. Revenue for the quarter came in at $806.4 million versus the consensus estimate of $794.27 million.

"Q2 was a very strong quarter for GoDaddy," said GoDaddy CEO Aman Bhutani. \"In addition to delivering great financial results, we found innovative ways to improve our products and allocate resources to drive long-term value for customers and shareholders."

"We are extremely pleased to be able to settle our TRA obligation for a one-time payment of $850 million, versus what would have been $1.8 billion over the next 10+ years," said GoDaddy CFO Ray Winborne. "This settlement is an efficient and highly accretive use of capital, and a good opportunity to reduce uncertainty around our future cash flows."

GUIDANCE:

GoDaddy sees Q3 2020 revenue of $835 million, versus the consensus of $815.6 million.

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