Skip to Content

GoDaddy loses $71.3 million in latest earnings report, but CEO isn’t worried

GoDaddy on Wednesday rolled out its financial numbers for the second quarter of 2015, and last quarter’s $43.3 million blemish has widened to a $71.3 million loss this time.

But that still doesn’t phase CEO Blake Irving, who calmly explained to Fortune that much of it comes for expenses related to its IPO at the beginning of April.

“Our investors understand that,” he said. “We knew that we would have those expenses hitting in the quarter.”

The Arizona company posted $394.5 million in revenue for the second quarter and a loss of 46 cents per share. Analysts expected $392.9 million in revenue and a much smaller loss of 17 cents per share. It’s also expecting revenue between $405 million and $410 million for the next quarter, lower than the analyst forecast of $410.5 million.


After withdrawing its original plan in 2006 because of then-CEO Bob Parson’s dislike for the SEC’s “quiet period” rule, the 18-year-old company finally went public this past spring. GoDaddy (GDDY) made its name selling Internet website domains, but has since added web-hosting services and a bevy of other small business-centric tools like hosting and managing sites based on the content management system WordPress and email marketing.

On the brighter side, the company’s revenue from customers abroad, an area Irving said a quarter ago would become a primary focus, continues to grow. Those customers generated $100.2 million in revenue this quarter, up from $95.9 million last quarter. Irving added that more than half of customers purchasing its GoDaddy Pro services, a suite of tools for web designers to manage their customers, are from a abroad.

This should all bode well for the company as it prepares to finally start rolling out its products in the Asia-Pacific region in 2016. GoDaddy’s been preparing for this, including investment in data centers and other resources locally, and hiring a general manager to run its operations in the region. “When you go into a region, you need to serve from that region,” Irving said.

Something else in GoDaddy’s future is a comprehensive report on its workforce’s diversity. The company has come under severe criticism in past years for sexist ads displaying attractive women, and it’s since visibly attempted to correct its image. Though the company released some numbers last fall, it plans to eventually release a more thorough version this fall, including data on pay gaps. The company discussed this pledge to increase its diversity and work towards pay equality during The White House’s first demo day event on Tuesday. GoDaddy was among several tech companies and entrepreneurs that the White House invited to participate during its demo day.

“I think that squaring up our numbers and recognizing women as business owners and not just something to look at in ads is important,” Irving said.

Subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.