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Godaddy Expects To Be Profitable In The Fourth Quarter


Ron Burgundy
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Man wearing a shirt featuring one of the slogans of web hosting company GoDaddy stands below screens with the company's logo, as it makes its initial public offering at the New York Stock ExchangeWeb-hosting company GoDaddy Inc reported a narrower-than-expected quarterly loss, helped by a jump in revenue in its international markets, and said it expected to be profitable in the fourth quarter. GoDaddy, which manages more than 61 million Internet domains - or about 20 percent of the world's total - has been investing heavily to expand into new markets. The company plans to be in the greater Asia region by the end of 2016, including China, Indonesia and Vietnam, Chief Financial Officer Scott Wagner told Reuters.




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