*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)

Share:
More In Business
Stocks Rise Ahead of Inflation Data, Earnings, Fed Meeting
Stocks rose at the opening bell as the market awaits updates on inflation data while earnings kick off this week for the second quarter. The Federal Reserve is also slated to meet later this month as investors anxiously await its decision on rates.
Load More