Company Announcement - GoDaddy Inc. will release its financial results for the second quarter of 2025 on August 7, 2025, after the U.S. stock market closes [1] - Following the news release, GoDaddy management will host a live webcast at 5:00 p.m. Eastern Time, available on GoDaddy's Investor Relations website [1] - A recording of the webcast will be available on GoDaddy's Investor Relations website after its completion [2] Company Overview - GoDaddy assists millions of entrepreneurs globally in starting, growing, and scaling their businesses [3] - The company offers services such as naming ideas, building websites and logos, selling products and services, and accepting payments [3] - GoDaddy Airo®, an AI-powered experience, helps small businesses get online quickly, drive traffic, and boost sales [3] - Expert guides are available 24/7 to provide assistance to users [3]

Core Insights - The GoDaddy Consumer Pulse survey reveals a paradox where younger consumers (Gen Z and Millennials) show less concern for online security yet have low tolerance for businesses that fail to protect their data [1][3] Consumer Expectations - 68% of consumers expect small businesses to maintain the same level of digital security as large corporations or better [2][4] - 53% of consumers would remain loyal to a business that takes immediate steps to fix a breach and offers proactive protection like credit card monitoring [17] Generational Differences - 42% of Gen Z and 40% of Millennials would not change their passwords or credit card information after a data breach, compared to 72% of Gen X and Boomers who would take immediate action [3] - More than half of Gen Z (53%) and 42% of Millennials have severed ties with a business due to a security incident, significantly higher than the 37% of Gen X and Boomers [8] Consumer Behavior and Security Practices - 61% of consumers repeat passwords across accounts, with this habit being more common among Gen Z and Millennials [6] - 69% of consumers do not check for a secure padlock icon before making online purchases [6] Perception of Cybersecurity - 65% of all consumers are more concerned about online security than five years ago, but a small subset of younger consumers report being less concerned [11] - 67% of consumers believe their personal information is already on the dark web [11] Business Implications - Businesses that respond to breaches with transparency and support are more likely to retain customer loyalty [12] - Simple changes, such as ensuring a fast-loading website and using a professional email address, can improve consumer perception [13] GoDaddy's Offerings - GoDaddy provides a suite of security solutions, including Website Security firewall bundles and SSL certificates, to help businesses meet rising consumer expectations [14]

GoDaddy (GDDY) 2025 Conference Summary Company Overview - **Company**: GoDaddy (GDDY) - **Event**: 2025 Conference - **Date**: May 29, 2025 Key Points Industry and Market Position - GoDaddy is positioning itself as a one-stop shop for entrepreneurs, moving beyond its traditional domain registration business to serve micro businesses and entrepreneurs more comprehensively [5][10][32] - The company has been in operation for 28 years and has observed resilience and optimism among its customer base, which includes small business owners and sole entrepreneurs [10][12] Marketing and Branding - GoDaddy's marketing team successfully engaged actor Walton Goggins for a promotional campaign, which has helped connect with a new audience [2][3][5] - The campaign was launched during the Super Bowl, coinciding with the season finale of "White Lotus," enhancing visibility and engagement [6][10] Customer Engagement and Product Offering - The average order size at initiation is increasing, indicating that customers are engaging with more products faster than before [11][12] - GoDaddy's Arrow platform, an AI-generated software, is designed to streamline the process for customers, allowing them to launch websites and manage social media responses efficiently [27][30][41] - The company has seen a 20% increase in customers spending over $500, with an average revenue per user (ARPU) of $225 [26][34] Financial Performance - GoDaddy has achieved a normalized EBITDA margin expansion of 900 basis points over five years and has been actively buying back shares [34][36] - The company reported a consistent retention rate above 85%, with higher retention rates observed when customers engage with multiple products [23][24][26] Innovation and Future Outlook - GoDaddy emphasizes the importance of innovation and understanding customer needs, which has led to the development of new tools like Arrow and Conversations [45][41] - The company is focused on maintaining a strong balance sheet while continuing to invest in innovation and customer service [36][48] - The applications and commerce segment is expected to grow from 30% to 40% of the business, contributing to higher profitability [53][56] Challenges and Considerations - Despite positive growth, there are concerns about macroeconomic factors and tariff uncertainties, although GoDaddy has not seen significant negative impacts on its business [9][17] - The company acknowledges the need for continuous improvement in margins and operational efficiency [49][52] Conclusion - GoDaddy is on a transformative journey to redefine its brand and expand its service offerings to better meet the needs of small businesses and entrepreneurs, while maintaining a focus on innovation and customer engagement [5][36][45]

Company Overview - GoDaddy Inc. assists millions of entrepreneurs worldwide in starting, growing, and scaling their businesses [2] - The company provides services such as domain naming, website building, logo creation, product sales, and payment processing [2] - GoDaddy Airo®, an AI-powered experience, facilitates faster business growth by helping users establish an online presence quickly and drive traffic to boost sales [2] Upcoming Event - GoDaddy's Chief Financial Officer, Mark McCaffrey, will present at the Jefferies 2025 Software & Internet Conference on May 29, 2025, at 11:00 a.m. ET / 8:00 a.m. PT [1] - A live audio webcast and post-presentation audio replay will be accessible on GoDaddy's investor relations website [1]

Core Insights - GoDaddy's analysis reveals the Most Entrepreneurial Cities of 2025, highlighting both small and large cities as key drivers of innovation in the U.S. [1][2][6] Summary by Category Entrepreneurial Rankings - The ranking is based on the number of new ventures created in the previous calendar year, showcasing cities that have emerged as entrepreneurial hotspots [2][3]. - The top 10 cities include San Francisco, Los Angeles, Denver, Oklahoma City, Frankfort, Ontario, Wilmington (DE), Wilmington (NC), Katy, and Alameda [4]. City Highlights - San Francisco leads with 173,054 new businesses, reflecting its strong tech culture and access to venture capital [4][7]. - Smaller suburban cities like Frankfort, Ontario, Katy, and Alameda have emerged as significant entrepreneurial centers, challenging traditional urban business hubs [7]. - Wilmington is noted for having two cities in the top 10, indicating a growing trend for small businesses in areas with the same name [7]. California's Role - California is identified as a new epicenter for small businesses, with four cities in the top 10, despite its high cost of living [7]. Research Methodology - The GoDaddy Small Business Research Lab analyzes over 20 million online businesses, focusing on microbusinesses that employ fewer than ten people [8].

尽管中小企业的表现好于预期，网络流量也有所上升，但大摩认为，25财年的预订指引有可能适度下 调，从而取消了下半年的加速预期。考虑到科技投资组合的强劲表现和未来创新步伐的加快，低风险的 前景加上网络流量的改善，为投资者创造了一个更有说服力的故事。虽然大摩仍在继续寻找网络流量持 续改善的迹象，以在宏观背景波动中建立对需求趋势持久性的信心，但其注意到，所有供应商仍然专注 于他们可以控制的领域——控制开支和保护利润。因此，招聘数据显示，在这三家公司的招聘趋势大幅 下降之后，招聘趋势仍然低迷，包括招聘岗位徘徊在历史低点附近，低于新冠疫情前的趋势。 4月网络流量数据显示，相对于LegalZoom的持续压力，Wix.com和GoDaddy有所改善。大摩软件团队写 道，其最新的ClO调查和渠道检查的数据点表明，在宏观确定性水平不断提高的情况下，3月份给出的 前瞻性前景的风险水平正在上升。因此，大摩认为重新调整评级的前瞻性预测是慎重的，将全年指导下 调的可能性定位为股票复苏的第一步。从那时起，宏观头条新闻一直在变化，尽管近期关税政策的严厉 程度有所缓和，重要的是，大摩评级覆盖的中小型公司中，第一季度的业绩数据比担忧的更好，进而 ...

GoDaddy (GDDY) FY Conference Summary Company Overview - **Company**: GoDaddy (GDDY) - **Date of Conference**: May 13, 2025 - **Speaker**: Mark McCaffrey, CFO of GoDaddy Key Industry Insights - **Small Business Resilience**: Small and micro businesses remain optimistic about their future despite economic uncertainties, indicating a strong customer base for GoDaddy [4][5][6] - **E-commerce Trends**: The journey for entrepreneurs has diversified; customers now enter through various services like logo creation and website building, not just domain registration [13][14][15] Core Financial Metrics - **Revenue Growth**: GoDaddy is experiencing a revenue growth rate of 6% to 8% [8][60] - **Normalized EBITDA Margins**: Expanded by 900 basis points over five years [9] - **Free Cash Flow**: Targeting over $1.5 billion in free cash flow for the year, with a 20% CAGR projected through 2026 [64][78] Customer Strategy - **High Intent Customers**: Focus on acquiring high intent customers who spend over $500, increasing from 1.5 million to 1.8 million in 2023 [10][11] - **Retention Rates**: Retention improves significantly with the addition of products; 85% retention after the first product, increasing with subsequent products [45][62] Product and Technology Development - **Arrow Platform**: GoDaddy's AI-driven platform, Arrow, is designed to streamline the customer experience from domain registration to transaction [16][23][26] - **Conversations Tool**: An AI tool that enhances customer engagement for micro businesses, allowing them to respond to inquiries efficiently [30][34] Pricing and Bundling Strategy - **Cohort-Specific Bundles**: Transitioning from product-based to cohort-specific pricing strategies to enhance customer value and retention [42][43] - **Arrow Plus Pricing**: Launched at $5 per month, with ongoing experimentation to optimize pricing based on customer feedback [36][39] Competitive Landscape - **Market Position**: GoDaddy is the largest player in the domain space, with over 20% market share, and offers a comprehensive technology stack that few competitors can match [17][72] - **Focus on Micro Businesses**: The company targets micro businesses, emphasizing the value of a one-stop shop for their needs [73] Future Outlook - **M&A Opportunities**: Open to potential acquisitions that align with strategic goals and can be integrated into the existing technology stack [80][81] - **Long-term Growth**: The company aims for sustained growth through its current model, focusing on free cash flow and customer satisfaction [61][82] Additional Insights - **Employee Retention**: Consistent equity compensation strategy to attract and retain talent, maintaining a culture of innovation [76][77] - **Agility in Pricing**: Ability to adjust pricing strategies based on market conditions and customer feedback, ensuring competitiveness [52][58] This summary encapsulates the key points discussed during the GoDaddy FY Conference, highlighting the company's strategic focus, financial performance, and market positioning.

Summary of CDW FY Conference Call - May 13, 2025 Company Overview - **Company**: CDW (CDW) - **Industry**: Technology Solutions and Services Key Points and Arguments Macroeconomic Concerns - There is significant macroeconomic volatility and uncertainty, but technology remains essential for competitive advantage and employee attraction [2][3] - Customers are cautious due to policy uncertainty, yet there is pent-up demand for technology across various sectors [3][4] Demand and Growth Outlook - CDW anticipates muted growth in specific sectors like federal and education, but overall technology spending remains strong [4][11] - The commercial space has shown a steady return to growth over the last two quarters, although enterprise solutions have experienced some variability [9][10] Tariff Impact - CDW has leveraged tariff uncertainties to assist customers by providing pre-tariff pricing on client devices, particularly in the K-12 sector [6][7] - The company maintains strong relationships with customers, which helps navigate complexities arising from tariff changes [7][8] International Business Performance - CDW's international business has performed well despite geopolitical uncertainties, with a cautious outlook for the fiscal year [18] AI and Technology Investments - CDW is positioned as a full-stack organization, focusing on AI investments to enhance efficiency, personalization, and customer experience [19][20] - The company has established healthcare innovation labs to facilitate customer engagement and technology exploration [22][23] Client Device Market - Growth in client devices has been broad-based, with education seeing more pre-buying activity compared to enterprise [28][29] Cloud Strategy - CDW is focused on scaling its cloud business, emphasizing professional and managed services to drive customer engagement [32][33] - The company views cloud and security as high-growth areas for future acquisitions [35][36] Financial Performance - Gross margins have expanded significantly over the past six years but are plateauing due to shifts in product mix [50][51] - Operating expenses have been consistently expanded to support growth initiatives, with a focus on balancing customer service and cost leverage [53][54] Government and Education Sector Exposure - The federal government sector has shown a modest decline, while state and local government business has grown modestly [59][60] - The K-12 education sector may experience muted spending due to economic pressures [61] Pricing and Demand Elasticity - Price increases due to tariffs have been largely accepted by customers, with spending continuing despite economic uncertainties [62] - CDW operates as a cost-plus provider, successfully passing on price increases while maintaining gross profit neutrality [63] Additional Important Insights - CDW's strategy emphasizes a full lifecycle approach, integrating consultancy and managed services with product sourcing to enhance customer experience [38][40] - The company is actively refining its go-to-market strategy to capture opportunities across various customer segments [46] - CDW's ability to adapt its pricing and bundling strategies based on customer behavior is a key focus for future growth [107][108]

Company Overview - GoDaddy Inc. assists millions of entrepreneurs worldwide in starting, growing, and scaling their businesses [2] - The company provides services such as domain naming, website building, logo creation, product sales, and payment acceptance [2] - GoDaddy Airo®, an AI-powered experience, facilitates faster business growth by helping users get online quickly, drive traffic, and increase sales [2] Upcoming Events - GoDaddy's Chief Financial Officer, Mark McCaffrey, will present at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13, 2025, at 10:10 a.m. ET [1] - A live audio webcast and post-presentation audio replay will be accessible on GoDaddy's investor relations website [1]

Core Insights - GoDaddy (GDDY) reported Q1 2025 earnings of $1.27 per share, missing estimates by 5.93% but showing a 17.6% year-over-year increase [1] - Total revenues reached $1.2 billion, exceeding estimates by 0.6% and increasing 7.7% year-over-year [1] - The total customer count decreased by 2.4% year-over-year, totaling 20,484 customers [1] Revenue Breakdown - Applications and Commerce (A&C) generated $446.4 million, contributing 37.4% to total revenues, with a year-over-year increase of 16.5% [2] - The Core Platform, which includes domains, hosting, and security, increased 3.1% year-over-year to $747.9 million, contributing 62.6% to total revenues [2] - International revenues reached $388.8 million, up 10.2% year-over-year [3] Financial Metrics - Total bookings were $1.4 billion, reflecting a 7.9% year-over-year increase [3] - Average revenues per user (ARPU) were $225, up 9.2% year-over-year [3] - Annualized recurring revenues (ARR) totaled $4.05 billion, increasing 7.5% year-over-year [3] Operating Performance - Normalized EBITDA was $364.4 million, up 16.4% year-over-year, with a margin expansion of 230 basis points [5] - Operating income increased by 40.6% year-over-year to $247.3 million, with an operating margin of 20.7% [6] - Operating expenses rose 3.3% year-over-year to $473.6 million, but as a percentage of revenues, they contracted to 39.7% [5] Cash Flow and Balance Sheet - As of March 31, 2025, cash and cash equivalents were $719.4 million, down from $1.1 billion at the end of 2024 [7] - Total debt stood at $3.8 billion, with net debt at $3.1 billion [7] - Free cash flow for Q1 was $411.3 million, up 25.6% year-over-year [7] Future Guidance - For Q2 2025, GoDaddy expects revenues between $1.195 billion and $1.215 billion, indicating a year-over-year growth of 7% at the mid-point [8] - The company anticipates normalized EBITDA margin of 31% for Q2 [9] - For the full year 2025, GoDaddy reaffirms revenue guidance of $4.86 billion to $4.94 billion, with expected growth of 7% at the mid-point [10]