Hostinger becomes the world’s fastest growing web hosting company

Hostinger Logo
(Image credit: Hostinger)

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.”

Reader offer: Get up to 60% on VPS hosting with Hostinger

Reader offer: Get up to 60% on VPS hosting with Hostinger

Enjoy a host of benefits with Hostinger's plans - dedicated IP shields from DDoS attacks, automated backups for easy restores, ensuring uninterrupted gaming regardless of your configuration. Level up your gaming journey with Hostinger today.

Preferred partner (What does this mean?) 

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

James Capell
B2B Editor, Web Hosting

James is a tech journalist deeply interested in interconnectivity and digital infrastructure. After graduating with a degree in English language & journalism he worked editing technical documentation for tech giants including Alibaba Cloud, Tencent, and Bytedance. James stays up to date with the latest web and internet trends by attending datacenter summits, WordPress conferences, and mingling with software and web developers. At TechRadar Pro, James is responsible for ensuring web hosting pages are as relevant and as helpful to readers as possible and is also leading the way in creating genuinely useful content on large language models.