Check if url is valid

def is_valid_url(url):
    """
    Check if url is valid
    """
    regex = re.compile(
            r'^(?:http|ftp)s?://' # http:// or https://
            r'(?:(?:[A-Z0-9](?:[A-Z0-9-]{0,61}[A-Z0-9])?\.)+(?:[A-Z]{2,6}\.?|[A-Z0-9-]{2,}\.?)|' #domain...
            #r'localhost|' #localhost...
            r'\d{1,3}\.\d{1,3}\.\d{1,3}\.\d{1,3})' # ...or ip
            r'(?::\d+)?' # optional port
            r'(?:/?|[/?]\S+)$', re.IGNORECASE)
    return bool(regex.match(url))