Company acquired two more domain portfolios last quarter.
Domain name registrar GoDaddy (NYSE: GDDY) continues to acquire domain name portfolios.
In its most recent 10-Q filing with the SEC, the company reported:
During the six months ended June 30, 2023, we completed two purchases of indefinite-lived domain portfolio intangible assets and related finite-lived customer-related intangible assets for a total of $35.4 million in cash and a variable earn-out of up to $4.0 million.
There is no mention of these purchases in the first quarter report, so these acquisitions must have occurred last quarter.
At last check, GoDaddy had over one million domains in its aftermarket portfolio. It does not acquire expiring domains; instead, it acquires portfolios from domain name investors.
Post link: GoDaddy acquired two domain portfolios for $35.4 million
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