GoDaddy is Making Strategic Acquisitions for the Next Level of Growth. Oracle Joins Hands with Microsoft to Take on Amazon. Tableau Acquisition Signals Massive Analytics Push for Salesforce. Veeva Soars, But Dassault Acquires Medidata for $5.8 Billion. Einstein and Open-Source Platform Lead the Charge for Salesforce. Workday Wants to Disrupt Cloud Computing Using Machine Learning. SurveyMonkey Eyes Acquisitions for Growth. Should SAP Acquire Zendesk or Freshworks?. How Upwork Can Leverage the Virtual Company Trend. Expect ServiceNow to Acquire From App Marketplace. What Should SAP Acquire to Triple its Value by 2023?. Atlassian Acquires From its PaaS Marketplace. IBM Counts on its Cloud and Platform for the Turnaround. Slack's App Focus Will Be Key to Post-IPO Success. What Apps Will Drive More Traction for Cloudera?. Open Platform Strategy Stands Intuit in Good Stead. Tableau Grows Through Small Acquisitions. Zendesk and Freshworks Follow Different Acquisition Strategies. ServiceNow Grows Through Addition of Capital-Efficient Startups. Bootstrapped Unicorn Atlassian is Acquiring Capital Efficient Startups. Smartsheet Acquiring Bootstrapped Startups to Drive Growth. I am not a registered investment adviser and I am not receiving compensation for this article. The information presented is illustrative and educational, but should not be regarded as a complete analysis nor recommendation to buy or sell the securities mentioned herein. While this may have bearing on stock movements, my writings tend to focus on long-term implications. My primary interest is in product strategy. This article expresses my own opinions based on my own research of product-market fit, channel execution, and other factors. GoDaddy had fallen to a 52-week low of $64.81 in June.ĭisclosure: All investors should make their own assessments based on their own research, informed interpretations, and risk appetite. It touched a 52-week high of $88.32 in April. GoDaddy’s stock is trading at $79.91 with a market capitalization of $12.5 billion. Prior to the acquisition, Dan.com had raised €500 thousand (~$516 thousand) in one round of funding led by Airbridge Equity Partners in April 2016. The acquisition will integrate Dan.com’s automation and lease to own options with GoDaddy’s platform, bolstering GoDaddy’s goal of offering domain investors an integrated experience within a best-in-class marketplace empowered by sage guidance, cutting-edge data science, and the world’s premier brokerage team. It offers buyers and sellers access to millions of aftermarket domains in its marketplace.
Since its inception nine years ago, Dan has reinvented domain trading from start to end by making domain trading easier and accessible to all.ĭan.com currently has 17 million domains listed, has processed over 100,000 secondary market domain transfers, and hosts 2.5 million domain for sale pages. Founded in 2013 as in 2014 by Reza Sardeha, the Amsterdam-based startup renamed itself to Dan.com in early 2019. GoDaddy recently announced its acquisition of Amsterdam-based Dan.com for an undisclosed sum. It also continues to test price increases for its Websites + Marketing product. The new enhancements allow customers to grow their business while also building retention and creating greater lifetime value for GoDaddy. The new features include product image enhancement such as background removal, quick view and buy capabilities, enabling single-click add to cart, integrated discounting shipping labels, and online appointment features to make calendaring and appointments more intuitive. It also announced new capabilities within Websites + Marketing plans, making it easier for entrepreneurs to market their products, sell online, manage their business, and grow. The partnership will allow Apple to provide Tap to Pay on iPhone to GoDaddy customers later this year. Recently, GoDaddy announced Apple Pay on GoDaddy Payments, improving the buying experience for customers while Apple selected GoDaddy as a Tap to Pay partner.
For the year, it expects revenues of $4.10-$4.13 billion, compared with the market’s forecast of $4.15 billion. Core Platform revenues improved 6.6% to $698.3 million.įor the third quarter, GoDaddy forecast revenues of $1.03-$1.045 billion, compared with the market’s estimates of $1.05 million.
It reported an EPS of $0.56 per share which was better than the market’s estimates of an EPS of $0.47.īy segment, revenues from the Applications and Commerce segment grew 14.8% to $317.2 million. Total bookings improved 7.7% over the year to $1.118.9 billion. GoDaddy’s Q2 revenues grew 10.1% to $1.015 billion, falling short of the market’s forecast of $1.02 billion. Recently, GoDaddy (NYSE: GDDY) reported its first quarter results that failed to impress the market. According to a recent report, the number of registered domain names is projected to grow at 7% CAGR to 557.7 million by 2026 from 379.2 million in 2020.
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