GoDaddy (GDDY) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose compared to both the prior quarter and the same period last year. The year-over-year increase was more substantial than the sequential gain.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose compared to both the prior quarter and the same period last year. The year-over-year increase was more substantial than the sequential gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
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, 2023 | $1B | +3.2% |
| Sep 30, 2023 | $1.1B | +3.5% |
| Dec 31, 2023 | $1.1B | +5.8% |
| Mar 31, 2024 | $1.1B | +7.0% |
Revenue performance
The reported revenue direction was upward, reflecting continued business momentum. The sequential growth was modest, while the annual comparison showed a stronger uptick.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged higher. On a year-over-year basis, revenue grew at a faster pace than the recent quarterly trend.
What to watch
Monitor whether the pace of year-over-year revenue growth can be sustained.