Actually, it sounds like GoDaddy simply doesn't make money.

"The company lost $143 million last year. Granted that's less than the $200 million it lost in 2013, and the $279 million lost in 2012 -- but GoDaddy admits it hasn't turned a profit since 2009..."[1]

[1] http://www.zdnet.com/article/godaddy-ipo-to-value-company-at...

The 1.5 billion in debt is sort of brutal too. Either way, not my favorite provider. (I admit bias though, as I run a competing hosting co.)