GoDaddy (GDDY) Revenue — Quarter Ended Mar 31, 2023
GoDaddy's first quarter revenue increased from the same period last year, continuing its upward annual trend. However, on a sequential basis, revenue showed a slight decline compared with the preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
GoDaddy's first quarter revenue increased from the same period last year, continuing its upward annual trend. However, on a sequential basis, revenue showed a slight decline compared with the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1B
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+3.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1B | +9.0% |
| Sep 30, 2022 | $1B | +7.2% |
| Dec 31, 2022 | $1B | +2.0% |
| Mar 31, 2023 | $1B | +3.3% |
Revenue performance
The reported revenue moved higher on a year-over-year basis, reflecting sustained business activity. The sequential dip suggests a modest pullback from the prior quarter's level.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged lower. In contrast, revenue rose compared with the same quarter one year ago.
What to watch
Investors may monitor whether the sequential softening persists in upcoming quarters.