*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
Report: FDIC Might Levy Special Fee on Big Banks to Pay for Crisis
The Federal Deposit Insurance Corp. is set to pay almost $23 billion to stabilize the banking sector. That money comes from an insurance fund that is refilled through fees paid by banks. Now the agency is considering a special assessment on the entire industry to help make up the costs, according to a Bloomberg report.
Survey: 61% of Americans Say Economy Weighing on Mental Health
About 61% of Americans say the economy is impacting their mental health, according to a PayPal survey. Shanthi Sarkar, vice president of financial services at PayPal, joined Cheddar News to break down some key takeaways from the survey and offer tips on saving and managing money.
Load More