Lithuanian web hosting company Hostinger grew by 57% with revenue of €110.2 million in 2023 and positive EBITDA according to the latest earnings report. This makes Hostinger the fifth largest web hosting company by market share, surpassing many competitors, including GoDaddy.
Daugirdas Jankus, CEO of Hostinger, said: “Every year, we grow rapidly towards our ambitious goal of becoming the number one web hosting business in the world. 2023 was no exception as we steadily increased our results. While we may seem like a great company in our region, we still have a long way to go in the global market. “We will continue to compete for the best talent, learn quickly and apply our knowledge to develop competitive products.”
Hostinger also says it has made many behind-the-scenes updates to improve speed with kernel-based virtual machine virtualization for VPS hosting and an internal CDN, plus other optimizations that improve the customer experience.
We asked Hostinger what aspects have had a significant impact on making their hosting service so popular and they told us: “Over the last few years, Hostinger has put a huge focus on improving the customer experience and making website creation easy for everyone. According to the data, This also reduced the customer support burden by half. – Saulius Lazaravicius, Vice President of Product.
Hostinger increases its web hosting market share by 1.4%
As of May 2024, Hostinger has over 2.42 million customers in over 150 countries with a global market share of 2.8%, up from 1.4% in May 2023 (retrieved from w3techs.com). The most active users are from India, Brazil, USA, Indonesia and France, while users from the UK, Spain, Pakistan, Mexico and Colombia are in the top 10.
Over the past year, Shopify has also seen big gains, overtaking Newfold Digital Group (BlueHost, Hostgator) as the second-largest web hosting provider by market share, with Amazon in first place at 5.7% and Newfold Digital Group losing 0.7% in the same period.
We can see why Hostinger is growing as it makes web hosting easier for those who want to have their own website but don't want to be limited to a website builder like wix either square space. We rank them first in our best web hosting guide for its ease of use and also highly rates its VPS offers for their quality-price ratio.
