For the third quarter, GoDaddy expects total revenue of $670 million to $675 million. For the full year of 2018, revenues are expected in the range of $2.64 billion to $2.65 billion, representing around 19% growth at the midpoint.
During the second quarter, GoDaddy completed the Main Street Hub acquisition and updates on the progress in this area is a point to watch. Similarly, the momentum from the company’s GoCentral website builder is expected to continue in the third quarter as the platform brings on new and better features to improve customer experience.
Early in October, GoDaddy’s founder Bob Parsons resigned from the company’s board of directors in order to focus entirely on his group of businesses under the Yam Worldwide Umbrella.
GoDaddy’s stock is up over 43% so far this year but looking at the past one month, the stock has dropped over 8%. If the company tops expectations for the third quarter, the stock is likely to see a gain.