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)
Cheddar News breaks down what to expect on The Day Ahead, as earnings from Albertsons and Carmax are on tap to be released while Fed minutes are due on Wednesday ahead of its meeting next month.
Karla Dennis, CEO and founder of Karla Dennis & Associates Inc., joined Cheddar News to explain what's needed in order to file for a tax extension and avoid penalties.
Irrigreen, an irrigation system startup that develops robotic sprinkler systems for homeowners and recently, recently secured $15 million in seed funding. Shane Dyer, CEO and co-founder of Irrigreen, joined Cheddar News to explain the benefits of the company's system that saves water with less equipment.
Automakers around the world are betting big on electric vehicles. Cheddar News took a peek at some of the models of the electric future at the New York International Auto Show.
Stocks closed mixed ahead of the release of more economic data. Matthew Johnson, president of Johnson Wealth & Income Management, joined Cheddar News to also weigh in on last week's jobs data and the status of the country's labor market and what that could mean for another Fed decision.
