GoDaddy

GoDaddy, Inc. engages in the provision of domain name registration and web hosting services. It provides website building, hosting, and security tools. The company was founded by Robert R. Parsons in January 1997 and is headquartered in Tempe, AZ.

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GoDaddy reports solid Q4 earnings, eyes growth amidst challenges

GoDaddy's Q4 performance reflects a strong financial position and strategic focus on customer empowerment and efficiency.
While facing challenges in revenue growth and macroeconomic conditions, the company is leveraging opportunities in product innovation and partnerships.
With a commitment to financial targets, investments in technology, and a nuanced approach to pricing, GoDaddy is poised for sustainable growth.
Monitoring the business environment and implementing cost-saving measures are key strategies to navigate uncertainties and drive profitability.

GoDaddy reports robust Q1 growth, AI focus drives success

GoDaddy's Q1 performance showcased strong growth in Applications and Commerce, emphasizing customer success and profitable growth.
The company's strategic focus on leveraging AI, bundling products, and forming key partnerships positions it for continued success.
Analysts raised concerns about future growth drivers and margin expansion, but GoDaddy's clear strategy and execution were well-received.
Overall, GoDaddy's Q1 earnings call highlighted a balance of performance achievements, strategic strengths, challenges, and growth opportunities.

GoDaddy surpasses revenue expectations, plans significant pricing increases

GoDaddy's Q2 performance exceeded expectations, driven by growth in applications and commerce. Despite challenges in the domain aftermarket, the company is focused on innovation and efficiency. With a strong outlook for revenue growth and margin improvement, GoDaddy is strategically positioned to leverage market trends and AI technology for future success.

GoDaddy reports strong Q3 earnings, eyes growth amid challenges

GoDaddy's Q3 performance reflects solid revenue growth, margin expansion, and customer loyalty, positioning the company for continued success in Q4 and beyond.
Strengths in applications and commerce, innovative product offerings, and market leadership underscore GoDaddy's resilience and growth potential in a competitive landscape.
Challenges include market competition, economic uncertainties, and operational complexities, which require strategic navigation for sustained growth and profitability.
Opportunities in customer attachment, product innovation, market expansion, and revenue diversification offer avenues for GoDaddy to capitalize on its strengths and drive future growth.

GoDaddy reports solid Q4 earnings, eyes revenue growth strategies

GoDaddy's Q4 performance reflects revenue growth, margin expansion, and successful product launches, positioning the company for continued success in 2024.
Strategic pricing actions, customer growth strategies, and focus on new monetization opportunities drive revenue growth and margin expansion.
While facing revenue headwinds and operational challenges, GoDaddy can capitalize on opportunities like customer targeting and product expansion for sustained growth.
Overall, GoDaddy's financial stability, strong cash flow, and growth initiatives demonstrate a resilient business poised for future expansion and innovation.

GoDaddy reports strong Q1 earnings, eyes growth through Airo

GoDaddy's Q1 2024 earnings call highlighted robust financial performance, with revenue exceeding expectations and margin expansion to 28%.
While challenges like steady-state growth in the aftermarket persist, opportunities in Airo's potential growth and value-based pricing initiatives drive optimism for the future.
The company's strengths in customer focus, diversified portfolio, and data-driven marketing decisions position it well for sustained growth and market leadership.

GoDaddy reports stellar Q2 results, raises revenue guidance significantly

GoDaddy's Q2 performance reflects robust revenue growth, improved operational efficiency, and strong cash flow generation.
The company's focus on AI-powered experiences and multilingual customer service enhances its competitive edge.
Challenges include maintaining pricing strategies, ensuring seamless user experience, and meeting raised revenue targets.
Opportunities for GoDaddy include expanding AI offerings, exploring new markets, and driving innovation in customer experience.

GoDaddy reports robust Q3 results, raises full-year revenue expectations

GoDaddy's Q3 showcased strong financial performance, driven by strategic initiatives and operational focus. The company's strengths include revenue growth, Airo engagement, and raised targets, while challenges include sustaining growth momentum and effective marketing execution. Opportunities exist in expanding margins, Airo's broader launch, and leveraging successful strategies for further growth.

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GoDaddy, Inc. engages in the provision of simple and easy-to-use products on a single technology platform wrapped with personalized guidance. It operates under the Applications and Commerce (A and C) and Core Platform (Core) segments. The A and C segment includes selling products containing proprietary software, commerce products, third-party email, productivity solutions, and certain products included in bundled offerings of proprietary software products. The Core segment includes domain registrations and renewals, aftermarket domain sales, website hosting products, website security products not included in bundled offerings of proprietary software, and products that do not contain a software component. The company was founded by Robert R. Parsons in 1997 and is headquartered in Tempe, AZ.

Q4 2023 Applications & Commerce revenue up 13%;  Delivered Q4 net income margin of 103%, inclusive of non-routine items, and Q4 Normalized EBITDA margin of over 29% Cash Provided by Operating Activities up 43% in Q4; Free Cash Flow up 51% in Q4 TEMPE, Ariz. , Feb. 13, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today reported financial results for the fourth quarter and full year that ended December 31, 2023.

GODADDY REPORTS STRONG FOURTH QUARTER AND FULL YEAR 2023 RESULTS

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TEMPE, Ariz. , Feb. 8, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) will welcome Jared Sine as its Chief Strategy & Legal Officer effective March 18, 2024.

Jared Sine Joins GoDaddy as Chief Strategy & Legal Officer

Evaluate the expected performance of GoDaddy (GDDY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Seeking Clues to GoDaddy (GDDY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Users can now connect their GoDaddy domain with their ENS name for free, seamlessly connecting DNS to ENS and the Web3 ecosystem TEMPE, Ariz. , Feb. 5, 2024 /PRNewswire/ -- GoDaddy (NYSE: GDDY), a global leader in domain registration and web hosting is excited to partner with Ethereum Name Service (ENS), a pioneer in blockchain-based naming systems, to enable domain name users to link their domains to ENS effortlessly, with no additional costs or technical experience required.

GoDaddy and Ethereum Name Service Simplify Connecting Domain Names and Crypto Wallets for Customers

Jeffrey Smith's activist fund encouraged GoDaddy management to provide detail on improvements and free cash flow generation a few months after its first letter.

Starboard urges GoDaddy to set 'prudent' guidance and offer specifics on cost savings

Believes that Opportunities Continue to Exist to Significantly Improve GoDaddy's Combination of Growth and Profitability Views the Company's Recent Disclosure of Improved Profitability Targets as a Step in the Right Direction Believes GoDaddy Remains Undervalued with an Opportunity for Significant Shareholder Value Creation Intends to Closely Monitor the Company's Upcoming Q4 FY23 Earnings Call and March 2024 Investor Day to Ensure that Appropriate Operating and Financial Targets Are Set for the Near, Medium, and Long-term  Remains Open to Working Constructively with Management and the Board   NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), a significant stockholder of GoDaddy Inc. ("GoDaddy" or the "Company") (NYSE: GDDY), today announced that it has delivered a letter to Aman Bhutani, GoDaddy's Chief Executive Officer, and Mark McCaffrey, the Company's Chief Financial Officer, with a copy to GoDaddy's Board of Directors. The full text of Starboard's letter to the Company can be viewed at the following link: https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_GDDY_01.31.2024.pdf About Starboard Value LP Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies.

STARBOARD DELIVERS LETTER TO GODADDY

TEMPE, Ariz. , Jan. 22, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing.

GoDaddy Inc. Completes Refinancing of Existing Tranche B-5 Term Loans

TEMPE, Ariz. , Jan. 16, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) will release financial results for the fourth quarter and fiscal year 2023 on Tuesday, February 13, 2024, after the U.S. stock market closes.

GoDaddy Inc. to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Tuesday, February 13, 2024, and Host Investor Day on Wednesday, March 6, 2024

TEMPE, Ariz. , Jan. 10, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,752 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the "Credit Agreement"), by and among the Borrowers, Desert Newco, LLC, the lenders and the other parties thereto (such refinancing, the "Term Loan Refinancing").

GoDaddy Inc. Announces Refinancing of Tranche B-5 Term Loans

There are favorable read-throughs from GDDY's disclosures at recent investor events such as the success of its cross-selling efforts, and the potential of its new AI solution Airo. GoDaddy's shares are still undervalued based on a comparison of its P/E multiple and its expected earnings growth. I retain a Buy rating for GDDY after assessing the insights drawn from the company's participation in the latest investor conferences.

GoDaddy: Positive Takeaways From Recent Investor Conferences

TEMPE, Ariz. , Dec. 5, 2023 /PRNewswire/ -- Small businesses today have a lot of competition when it comes to getting and keeping the attention of their customers.

Email Automation from GoDaddy Offers Custom Emails to Deliver the Right Message at the Right Time

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Brokers have a better understanding of stocks and macroeconomic factors. So, one should follow broker ratings upgrade to select stocks like TripAdvisor (TRIP), MercadoLibre (MELI) and GoDaddy (GDDY).

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Does GoDaddy (GDDY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why GoDaddy (GDDY) is a Great Choice

Godaddy Inc (NYSE: GDDY) has already rallied about 30% in less than a month but an RBC Capital Markets analyst is convinced it's just a trailer of where the stock is eventually headed.

RBC analyst says Godaddy stock is a ‘cash machine with a dash of AI'

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The Zacks Internet - Delivery Services industry participants like GDDY, MMYT, QNST and ASUR are poised to benefit from surging smartphone and Internet penetration in emerging markets.

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TEMPE, Ariz. , Nov. 9, 2023 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will present at three upcoming conferences, including: RBC 2023 Capital Markets Global Technology, Internet, Media & Telecommunications Conference on Tuesday, Nov. 14, 2023 at 10:40 a.m.

GoDaddy Inc. to Present at Upcoming Conferences

GoDaddy Inc. (GDDY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GDDY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

GoDaddy (GDDY)'s Technical Outlook is Bright After Key Golden Cross

GoDaddy's (GDDY) third-quarter results reflect strong momentum across the Applications & Commerce business, expanding global footprint and innovative integration.

GoDaddy (GDDY) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

GoDaddy Inc (NYSE:GDDY) has reported third-quarter revenue and earnings that beat expectations, supported by a strong performance from its Applications & Commerce (A&C) segment. The domain registrar and web hosting company posted revenue of $1.07 billion for the three months to September 30, 2023, up 3.5% and beating analysts' consensus estimate of $1.06 billion.

GoDaddy reports 3Q earnings beat as momentum builds

GoDaddy, Inc. (GDDY) Q3 2023 Earnings Call Transcript

Applications and Commerce revenue and related ARR both up 11% Delivered $131 million in net income on 12% margin and $296 million in Normalized EBITDA on expanded 28% margin Repurchased $1.3 billion in shares year to date through October 2023, cumulatively reducing share count by 20% TEMPE, Ariz. , Nov. 2, 2023 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, today reported financial results for the third quarter that ended September 30, 2023.

GoDaddy Reports Third Quarter 2023 Financial Results

GoDaddy (GDDY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

GoDaddy (GDDY) Upgraded to Strong Buy: What Does It Mean for the Stock?

TEMPE, Ariz. , Oct. 18, 2023 /PRNewswire/ -- To empower small businesses and nurture their growth, GoDaddy (NYSE: GDDY) today announced a fresh partnership that brings Google's Business Messages to GoDaddy Conversations, a unified inbox solution that tracks messages across multiple communication channels for business operators.

GoDaddy Conversations Integrates with Google's Business Messages - A First for Website Builders in the U.S.

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NEW YORK--(BUSINESS WIRE)--Starboard Value LP (together with its affiliates, "Starboard" or “we”) today announced that Jeffrey Smith, the firm's Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2023 Active-Passive Investor Summit to highlight value creation opportunities at three companies: News Corporation (Nasdaq: NWSA), Fortrea Holdings Inc. (Nasdaq: FTRE) and GoDaddy Inc. (NYSE: GDDY). The full presentation and the respective presentations for the aforem.

News for GoDaddy Stock (GDDY)