Reported 4 months ago
Lithuanian web hosting company Hostinger, positioning itself as a European competitor to GoDaddy, announced its first-ever profitability, with earnings hitting 2.4 million euros last year as consolidated revenues surged by 57% to 110.2 million euros. The growth in Hostinger's performance reflects the progress of European tech startups like Nord Security and Vinted as they aim to compete against major U.S. tech companies. Hostinger's success contrasts with GoDaddy's recent net profit of $401.5 million, showcasing the evolving competitiveness in the tech industry.
Source: YAHOO