GoDaddy reported its quarterly earnings yesterday, and GDDY stock is currently trading up a little over 2% at $27.32/share (at the time of publication). GoDaddy stock debuted on the New York Stock Exchange on April 15, 2015, and the stock is currently up from its opening $26.15/share trade.
GoDaddy CEO Blake Irving made an appearance on CNBC this morning to discuss several things related to GoDaddy’s business. Some of the topics that were broached were the quarterly earnings, the company ending its NASCAR car sponsorship, customer growth, and the Chinese market.
The video of Blake’s interview is embedded below. I think appearances like this continue to benefit the domain industry since GoDaddy is such a big name in the business.
You are right Elliot. Such an appearance is a plus for the domain name industry and you can’t take it away from GoDaddy as an authority in the industry.
Their buying the Marchex portfolio for $28 Million….which Marchex paid $164 Million back in 2005….
That shows the reality of the industry’s valuation.
Rose colored glasses only work for so long
“Marchex said that its domain assets have generated more than $290 million in revenue over the past 15 years”
That means they doubled their money already before the sale, probably not including renewal costs.
Source: http://www.geekwire.com/2015/marchex-sells-200k-domains-to-godaddy-shifts-focus-to-mobile-advertising/
Well they only bought the portfolio in 2005
15 years??? That right there is an erroneous statement
It’s not 2020 yet
Check the performance of their stock….and see how it is valued
I don’t think Marchex ever looked at themselves as a domain name company.
In any case, I have no skin in the game and it is not of any consequence to me. I do want to buy some of the domain names in that Marchex portfolio though.
I have no skin in the game either….
However should you choose to purchase a few of those domains
Step right up….the line will be short
I assure you
“the line will be short”
I know several people trying to buy names from the list right now.
This headline is a bit misleading, there are not many earnings to talk about over at Godaddy over the last 6 years ๐