GoDaddy CEO Scott Wagner: New Services, International Market Will Fuel Growth
*By Conor White*
Web hosting company GoDaddy has doubled its revenue in the last five years and seen its stock increase in price by more than 175%. Recently appointed CEO Scott Wagner believes that's only the beginning.
"Today GoDaddy is a useful utility to get your idea started online," Wagner explained. "And our goal over the next five years is to really be the place where ideas start, grow, and thrive online."
Wagner has been at GoDaddy since 2013, serving as CFO and COO before taking over the top spot in January. He'd previously been at investment firm KKR, where he led the portfolio operations team. The firm poured $2.25 billion into GoDaddy back in 2011.
In an interview Wednesday on Cheddar, Wagner mapped out where GoDaddy is headed next and explained why he's so bullish on the future of the company.
"Seven \[million\] of our 18 million customers are from outside the U.S., that will continue nicely," he said. "And it's adding new services ー so connecting not only a tool to build your website to social media platforms.
"We just bought a business called Main Street Hub that'll really be the place where not only can you have an idea and position it on the web, but syndicate that content everywhere you need to be on social media."
GoDaddy reported first-quarter revenue of $633.2 million, up 29% from the year before, and 17.7 million customers, up 17.4%.
For the full segment, [click here.](https://cheddar.com/videos/ceo-of-godaddy-talks-future-plans)
We battle an onslaught of advertising every time we scroll through social media. Deinfluencers propose a less pricey, more honest approach to how we shop online. Could they convince us to spend less?
Scott Gutz, CEO of Monster.com breaks down the company’s Work Watch Report for 2024, including what’s motivating workers to look for new positions and why they should see A.I. as an opportunity.
Tom Graff, Chief Investment Officer, Facet, discusses what the latest jobs report says about this ‘pretty good’ labor market and why the market should worry less about the Fed’s next decision.
Universal Music Group, which represents artists including Taylor Swift, Drake, and Ariana Grande, has removed its music from TikTok and accused the app of bullying and intimidation.
The average rate on a 30-year mortgage fell 0.06% last week. Although the rate is much higher than it was two years ago, the decline could relieve buyers already dealing with low inventory and high prices.
As millions of Americans are set to retire, John Carter, President & COO of Nationwide Financial, shares what to expect and how consumers of all ages can better prepare for their golden years.
