Go Daddy released earnings for Q2 2015, revenues were better than expected but they are still losing money. Blake Irving told Fortune that it was to be expected with the IPO expenses added in. Go Daddy is down close to 8% in pre-market trading
The Arizona company disclosed its earnings for the second quarter of 2015, beating revenue estimates, but posting a big loss.
GoDaddy on Wednesday rolled out its financial numbers for the second quarter of 2015, and last quarter’s $43.3 million blemish has widened to a $71.3 million loss this time.
But that still doesn’t phase CEO Blake Irving, who calmly explained to Fortune that much of it comes for expenses related to its IPO at the beginning of April.
“Our investors understand that,” he said. “We knew that we would have those expenses hitting in the quarter.”
The Arizona company posted $394.5 million in revenue for the second quarter and a loss of 46 cents per share. Analysts expected $392.9 million in revenue and a much smaller loss of 17 cents per share. It’s also expecting revenue between $405 million and $410 million for the next quarter, lower than the analyst forecast of $410.5 million.
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