For years, the tech sector has functioned as a de facto Wild West, an economic landscape thriving thanks to a clear lack of regulation. Even as industry leaders such as Mark Zuckerberg have advocated for stricter rules, until recently, few steps were taken to impose further regulatory measures. Last week, a judge handed down a historic ruling against one of Silicon Valley’s most powerful companies. According to a verdict from the U.S. District Court for the District of Columbia, Alphabet (NASDAQ:GOOGL, NASD ...

TEMPE, Ariz., Aug. 15, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will participate in the Seaport Research Partners Annual Summer Investor Conference held virtually on Tuesday, August 20, 2024.GoDaddy Chief Executive Officer Aman Bhutani will present at the 2024 Citi Global Technology Conference in New York City on Wednesday, September 4, 2024, at 8:20 a.m. ET / 5:20 a.m. PT.A live audio webcast of the 2024 Citi Global Technology Conference fireside chat will be av ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Meta Platforms (META) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.Meta Platforms is one of 617 individual stoc ...

Core Insights - GoDaddy (GDDY) reported second-quarter 2024 adjusted earnings of $1.10 per share, exceeding the Zacks Consensus Estimate by 2.8% and showing a year-over-year increase of 74.6% [1] - The company generated revenues of $1.12 billion, surpassing the Zacks Consensus Estimate by 0.97%, with a year-over-year growth of 7.3% on both reported and constant-currency bases [1] Revenue Breakdown - Applications & Commerce, which includes Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $405.6 million, contributing 36.1% to total revenues, and increased by 15.3% year over year [2] - Core Platform, consisting of domains, aftermarket, hosting, and security, saw revenues rise to $718.9 million, contributing 63.9% to total revenues, with a year-over-year increase of 3.2% [2] - International revenues reached $357.1 million, up 4.7% year over year on both reported and constant-currency bases [2] - Total bookings amounted to $1.3 billion, reflecting an 11% year-over-year increase [2] - Average revenues per user were $210, up 5.5% year over year [2] - Total annualized recurring revenues (ARR) were $3.85 billion, up 6.5% year over year, with Applications & Commerce ARR at $1.5 billion (up 14%) and Core Platform ARR at $2.3 billion (up 2%) [2] Operating Results - Normalized EBITDA for the second quarter was $331.7 million, representing a 25.4% year-over-year increase [4] - Operating expenses totaled $468 million, down 2.3% year over year, with operating expenses as a percentage of revenues contracting by 410 basis points to 41.6% [4] - Operating income was $208.2 million, up 74.1% year over year, with an operating margin expansion of 710 basis points to 18.5% [4] Balance Sheet & Cash Flow - As of June 30, 2024, cash and cash equivalents were $444.9 million, down from $664 million as of March 31, 2024 [5] - Total debt remained unchanged at $3.9 billion [5] - Free cash flow was $323 million, slightly down from $327.4 million in the previous quarter [5] - The company repurchased 4.1 million shares of its common stock for $520.8 million during the second quarter [5] Guidance - For the third quarter of 2024, GoDaddy expects revenues between $1.13 billion and $1.15 billion, indicating a year-over-year growth of 7% at the mid-point [6] - The company anticipates Applications & Commerce revenue growth in the mid-teens and Core revenue growth in the low single digits for the third quarter [7] - The normalized EBITDA margin for the third quarter is expected to be 29% [7] - For the full year 2024, GoDaddy projects total revenues of $4.525 billion to $4.565 billion, indicating a year-over-year growth of 7% at the mid-point, with a normalized EBITDA margin of 29% [7] - The company anticipates free cash flow of at least $1.3 billion for 2024 [7] Stock Performance - GDDY currently holds a Zacks Rank 3 (Hold) and has increased by 33.2% year-to-date, outperforming the Zacks Computer & Technology sector's growth of 17.2% [7]

In the fast-paced world of investing, it’s rare to find low-cost growth stocks to buy and hold for the long term. Low-cost growth stocks are often found in sectors with high growth potential. For example, in the general tech industry or in more niche sectors like biotechnology. These stocks offer the possibility of substantial returns as the companies expand and a lower entrance fee to get on the ladder to possibly outstanding gains. However, low-cost growth stocks can come with higher risk as these compani ...

GoDaddy Inc. (NYSE:GDDY) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Christie Masoner - Vice President, Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Josh Beck - Raymond James Trevor Young - Barclays Jian Li - Evercore Elizabeth Porter - Morgan Stanley Vikram Kesavabhotla - Baird Willow Miller - William Blair Clarke Jeffries - Piper Sandler Ygal Arounian - Citi Chris Kuntarich - UBS Naved Kh ...

Financial Performance - GoDaddy's Q2 2024 revenue reached $1.124 billion, a 7% increase compared to $1.048 billion in Q2 2023[48] - Applications & Commerce (A&C) revenue grew by 15% to $406 million in Q2 2024, up from $352 million in Q2 2023[32, 60] - Core Platform revenue increased by 3% to $719 million in Q2 2024, compared to $696 million in Q2 2023[32, 60] - Free cash flow increased by 35% to $323 million in Q2 2024, compared to $240 million in Q2 2023[48] - Normalized EBITDA grew by 25% to $332 million in Q2 2024, up from $265 million in Q2 2023, with a margin expansion of 400 bps+ to 29%[12, 48, 60] Strategic Initiatives and Growth - A&C Annual Recurring Revenue (ARR) increased by 14% to $1.5 billion[37] - Core Platform ARR increased by 2% to $2.3 billion[40] - GoDaddy Airo has reached over 1 million new customers, with over 500,000 engaged in the experience since launch and is poised to launch in over 90 additional countries[15] Capital Allocation - GoDaddy has completed $3.1 billion in share buybacks under current authorizations, repurchasing 38.3 million shares, resulting in a 23% reduction of shares outstanding since January 2022[52, 53] - The company has $0.9 billion remaining for future share repurchases[53] Outlook - GoDaddy projects revenue between $1.13 billion and $1.15 billion for Q3 2024 and between $4.525 billion and $4.565 billion for the full year 2024[58] - The company anticipates mid-teens growth for Applications & Commerce and low single-digit growth for Core Platform in both Q3 2024 and full year 2024[58] - GoDaddy expects a Normalized EBITDA margin of approximately 29% for Q3 2024 and full year 2024, and unlevered free cash flow of $1.45 billion+ and free cash flow of $1.3 billion+[58]

For the quarter ended June 2024, GoDaddy (GDDY) reported revenue of $1.12 billion, up 7.3% over the same period last year. EPS came in at $1.10, compared to $0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.11 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of +2.80%, with the consensus EPS estimate being $1.07.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Company Performance - GoDaddy reported quarterly earnings of $1.10 per share, exceeding the Zacks Consensus Estimate of $1.07 per share, and up from $0.63 per share a year ago, representing an earnings surprise of 2.80% [1] - The company posted revenues of $1.12 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.97%, and an increase from $1.05 billion year-over-year [1] - Over the last four quarters, GoDaddy has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $1.14 billion, and for the current fiscal year, it is $6.49 on revenues of $4.53 billion [4] - The estimate revisions trend for GoDaddy is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Internet - Delivery Services industry, to which GoDaddy belongs, is currently in the bottom 27% of over 250 Zacks industries, suggesting potential challenges ahead [5] - QuinStreet, another company in the same industry, is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year change of +1200%, with revenues anticipated to be $187.76 million, up 44.1% from the previous year [5][6]

For the quarterly period ended June 30, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36904 GoDaddy Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...