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GoDaddy profit misses consensus by 99.7% in Q1

GoDaddy Inc. said its first-quarter normalized net income came to $112,500, compared with a loss of $27.4 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 0.0% from negative 7.3% in the year-earlier period.

Total revenue climbed 15.3% on an annual basis to $433.7 million from $376.3 million, and total operating expenses grew 9.0% from the prior-year period to $432.4 million from $396.8 million.

Reported net income totaled a loss of $10.2 million, or a loss of 15 cents per share, compared to a loss of $12.2 million, or a loss of 31 cents per share, in the prior-year period.