Website Builder Wix Now a Bigger ‘Hosting’ Company than GoDaddy

September 2, 2020
Website Builder Wix Now a Bigger ‘Hosting’ Company than GoDaddy
Website builder Wix.com (Wix) is now a bigger ‘hosting’ company than GoDaddy, it was reported recently. Wix, which has headquarters in Tel Aviv, Israel, was founded in 2006. Whereas GoDaddy is predominantly a hosting company, Wix specializes in web design services, offering a drag and drop editor that allows users to create browser and mobile compliant websites for their businesses or personal use. Wix’s global software platform offers a free tier alongside paid services.

With “millions of registered users in 190 countries”, Wix enables users to “build and manage a fully integrated and dynamic digital presence”. The company has recently experienced strong second-quarter results driven by increased demand for its services caused by the Covid-19 pandemic. During the second quarter of 2020, the company gained $236.1 million in total revenue compared to $185.4 million at the same time in 2019. This growth has increased its market value to $15 billion.

The Covid-19 pandemic also helped GoDaddy's share price increase by 20.2 percent in the last month alone. Established in 1997, the company has headquarters in Scottsdale, Arizona, United States. GoDaddy “helps the world easily start, confidently grow, and successfully run an online presence”. It has a strong focus on small businesses, offering services that allow smaller companies to set up a credible web presence without needing to hire designers or coders.

Like Wix, GoDaddy's service offers website builders that include templates. Unlike Wix, GoDaddy’s customers can choose from a wealth of hosting options that include the cloud, dedicated servers, and traditional shared hosting.

Do you know of any other companies with strong revenue figures? Let us know the details. Add your comments below.





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