Wow that's some pretty wilful misrepresentation right there...

Wow that's some pretty wilful misrepresentation right there Truth101.

Industry attach rates for hosting to domains is about 10%. That's a pretty standard global number.

The GoDaddy numbers you show are revenue contributions not attach rates. So yes attach rates of ~10% translate to revenue contribution depending on pricing models of 30-40%.

Next the 'competition' they are talking about isn't domain and hosting companies. It's disruption from site/store builders Wix/Square/Shopify etc, or productivity providers using direct retail distribution models Google and Microsoft. So that competition applies equally to WCG as it does to GoDaddy. In fact it's worse for WCG because their local AU domain market share is going backwards which compounds their woes.

Domain market share contracting
Lower than industry standard attach rates
Increased competition from disruptors
No access to capital to grow via acquisition

They might limp along showing investors some upside through unsustainable cost management for another reporting cycle or two but you can't cut your way to growth. So unless they get some access to capital to grow in either business line they're dead in the water.