Lithuanian web hosting company Hostinger grew by 57% with revenues of €110.2 million in 2023 and a positive EBITDA according to its latest earnings report, making it the fifth largest web hosting company by market share, overtaking long-time rivals including GoDaddy.
“Each year, we are growing rapidly towards our ambitious goal of becoming the world's No. 1 web hosting business. 2023 was no exception when we steadily grew our results," noted Daugirdas Jankus, CEO of Hostinger.
"While we may look like a big business 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 fast, and apply our knowledge to develop competitive products.”
Hostinger also says it has made many behind the scenes updates improving speed with kernel-based virtual machine virtualisation for VPS hosting and an in-house CDN network plus other optimizations improving client experience.
We asked Hostinger what aspects have had a significant impact on making their hosting service so popular, with Saulius Lazaravicius, VP of Product, noting, "during recent years, Hostinger has put a huge focus on improving the customer experience and making website creation easy for everyone. According to data, this also decreased the Customer Support load by two times. Less than 1% of Hostinger's clients seek assistance today."
Hostinger boosts web hosting market share
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 (according to w3techs.com).
Its most active user base is from India, Brazil, USA, Indonesia, and France, with the United Kingdom, Spain, Pakistan, Mexico, and Colombia making up the top 10.
Over the last year, Shopify has also had large gains overtaking Newfold Digital Group (BlueHost, Hostgator) as the second largest web host by market share with Amazon in first place holding 5.7% and Newfold Digital Group losing 0.7% in the same period.
- We can see why Hostinger is growing as they make web hosting easy for those wanting to have their own website but don’t want to be locked in with a single website builder like Wix or Squarespace. We rank them first on our best web hosting guide for their ease of use and also highly rank their VPS offerings for their value for money.
More from TechRadar Pro
- These are the best EU web hosting services around today
- We've also rounded up the best small business website builders
- We asked the experts: What are the most important things to consider when choosing a website builder?
