GoDaddy Inc. (NYSE: GDDY), the world's largest cloud platform dedicated to small, independent ventures with nearly 17 million customers worldwide and over 72 million domain names under management, today reported financial results for the second quarter ended June 30, 2017.

Second Quarter Financial Highlights

• Total revenue: UP 22.3% to $557.8 million, year over year
  • >Domains revenue: UP 14.6% to $263.3 million
  • >Hosting and Presence revenue: UP 28.3% to $214.9 million
  • >Business Applications revenue: UP 36.1% to $79.6 million
  • >International revenue: UP 56.7% to $187.7 million
• Total bookings: UP 23.9% to $667.5 million
• Net cash provided by operating activities: UP 22.6% to $113.3 million
• Unlevered free cash flow: UP 60.9% to $135.0 million, year over year, and UP 35.0% in the first half of 2017 vs. 2016
• Number of customers: UP 17.8% to nearly 17 million including HEG customers of over 1.6 million
• Average revenue per user (ARPU): UP 2.8% to $129, year over year, and organic ARPU UP 5.9% to $132

Business Outlook For Q3

GoDaddy expects:

• total revenue to be $577 to $582 million including HEG.

Business Outlook for the full year ending December 31, 2017

GoDaddy expects:

• revenue to be $2.215 to $2.225 billion, representing approximately 20% growth at the midpoint
• unlevered free cash flow to be $475 to $485 million, representing approximately 35% growth at the midpoint and $600 million next year which includes one incremental quarter of contribution from HEG.

GoDaddy CEO Blake Irving said in today's press release:

"GoDaddy successfully delivered another solid quarter with continued organic customer, revenue and cash flow growth. We are making great progress on our 2017 product and strategic initiatives including growing the adoption of our new mobile-optimized website builder GoCentral, new security offerings and integration of HEG. We remain focused on leveraging our brand and scale to extend our global competitive advantages."