GoDaddy lost revenue (1.Viewing)

GoDaddy has revealed how hard losing its .co registry back-end deal will hit revenue, but insisted that it has no plans to exit the registry business.

The company said in its second-quarter earning release that it anticipates “an approximate 50 basis point headwind to bookings and revenue” when the deal expires in the fourth quarter.

So that’s 0.5%, or about $6 million given GoDaddy’s quarterly revenue came in at $1.2 billion in the second quarter. CFO Mark McCaffrey said the loss will be “immaterial in and of itself” and will not prevent the company hitting its financial targets.

Read more: GoDaddy counts cost of losing .co deal - Domain Incite

NewsBot said:

CFO Mark McCaffrey said the loss will be “immaterial in and of itself” and will not prevent the company hitting its financial targets.

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The hit from the other marketplaces coming online will be harder to ignore. Spaceship, Saw, DomainEasy, Dynadot, Atom etc. It won't be so easy to ignore those losses and if those marketplaces consolidate their dropped domain into a single auction site GoDaddy will be in real trouble.

You can already start to see the shift in reg path with the alignment of NameSilo and Saw a long with Namecheap and Spaceship. No think of Atom combining with Dynadot or similar and then a few of those marketplaces merging or consolidating their reg path.

The most stupid thing GoDaddy did was to close down Dan, it will be their profit undoing, they underestimated the impact DAN made to the domaining industry. For the first time ever I'm seeing Afternic defend itself on X as the relentless assault on their business motto continues. Before they just ignored it thinking nobody could do without GoDaddy but I'm sure the tone in their meeting rooms has changed dramatically at this point and someone is bound to have said "shit we should have kept DAN open" !!