Godaddy Inc (NYSE: GDDY) stock surged over 7.7% on 14th Feb, 2020 (As of 10:30 am GMT-5; Source: Google finance) after the company posted better than expected results for the fourth quarter of FY 19. The world’s largest domain registrar that manages about a fifth of all global web domains earned $158 per user in the quarter compared with analysts’ average estimate of $157.8 per user, according to Refinitiv data. The company has reported Net income attributable to the company rose of $60.5 million, in the fourth quarter ended Dec. 31, from $42.5 million, a year earlier. At the end of December, 2019, total cash and cash equivalents and short-term investments were $1,086.4 million, total debt was $2,432.3 million and net debt was $1,345.9 million.
Moreover, for the Q4 quarter, the total bookings wereof $833.6 million, up 13.8% year over year, or 14.1% on a constant currency basis. The company had generated net cash provided by operating activities of $162.2 million, up 26.2% year over year and generated unlevered free cash flow of $177.7 million, up 40.1% year over year. For the fourth quarter, average revenue per user (ARPU) were of $158, up 6.6% year over year. The company posted the domains revenue of $352.3 million, up 12.1% year over year, Hosting and Presence revenue of $292.8 million, up 8.4% year over year, Business Applications revenue of $135.3 million, up 21.3% year over year and International revenue of $261.4 million, up 8.8% year over year, or 11.2% on a constant currency basis.
GDDY in the fourth quarter of FY 19 has reported the adjusted earnings per share of 34 cents, beating the analysts’ estimates for the adjusted earnings per share of 31 cents. The company had reported the adjusted revenue growth of 12.2 percent to $780.4 million in the fourth quarter of FY 19, beating the analysts’ estimates for revenue of $777.2 million, according to IBES data from Refinitiv.
For the first quarter ending March 31, 2020, GoDaddy projects total revenue to be of approximately $795 million, which reflects approximately 12% year over year growth.
For fiscal 2020, the company expects revenue to be of $3.315 billion, which reflects approximately 11% year over year growth, Unlevered Free Cash Flow to be of $835 million, which reflects approximately 14% year over year growth, Capital Expenditures to be approximately $85 million, Cash Interest on Long-Term Debt to be approximately $80 million and Cash Income Taxes to be less than $20 million.