In its first quarter earnings report, GoDaddy again reported its unprofitable quarter. However, the company saw a rise in revenue and users. Its shares increased 5.5% in after-hours trading, prior to report of unprofitable quarter.

The company looks after over 59 million domain names and last month, it went public. According to the company, the number of customers increased 9% to 13.1 million at the end of the quarter. Revenue of the company increased 17.5% to $376.3 million during the quarter, beating analyst expectations.

But still a loss of $43.4 million has been posted by the company. On the other hand, Wall Street expects large growth, as it seems that GoDaddy could provide its services to businesses around the world, where the company is still developing.

As per one estimate from Barclays, 70% of small and medium businesses have no web presence; these are the businesses that are especially pronounced outside the US. According to this estimation, the company can report a revenue share in the mid-teens.

According to J. P. Morgan analyst Sterling Auty, "The [small and medium business] segment is in the healthiest position it has been in 8 years, providing an environment ripe for new business creation, and in today's world that means starting with a business website".

GoDaddy has increased its offerings such as email addresses and bookkeeping software in an attempt to establish itself strongly.

According to Auty, GoDaddy is the Walmart of the internet domain world. He said that GoDaddy offers a one-stop shop with 15-20 main products so as to help customers build and grow their businesses online. Wall Street also appreciates the stability of GoDaddy's sales; the company's 90% of revenue is coming from current customers.