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Game On! GoDaddy Returns to Super Bowl Advertising
Prnewswire· 2024-11-12 14:29
Core Insights - GoDaddy is launching GoDaddy Airo™, an AI-powered platform aimed at helping small business owners quickly establish their online presence, with a promotional campaign set to debut during Super Bowl LIX [1][5][6] Group 1: Product Overview - GoDaddy Airo enables users to get online in minutes, increase website traffic, boost sales, and enhance social media engagement [3][8] - The service has already attracted nearly 3 million customers in the U.S. and is expanding to 180 countries [3] Group 2: Marketing Strategy - GoDaddy will return to Super Bowl advertising after an eight-year absence, featuring a 30-second ad during the fourth quarter, which will kick off a yearlong marketing campaign in the U.S. [6] - The ad is part of GoDaddy's mission to empower entrepreneurs and make business opportunities more inclusive [4][5] Group 3: Leadership Perspective - CEO Aman Bhutani emphasized the transformative role of AI for entrepreneurs and the goal of enabling anyone with an idea to start a business quickly [5]
GoDaddy Inc. to Present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference
Prnewswire· 2024-11-06 14:00
TEMPE, Ariz., Nov. 6, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York City on Tuesday, November 19, 2024, at 9:20 a.m. ET / 6:20 a.m. PT.A live audio webcast and post-presentation audio replay of the event will be available on GoDaddy's investor relations website at https://investors.godaddy.net. About GoDaddyGoDaddy helps millions of entrepreneu ...
GoDaddy Shares Rise on Q3 Earnings Beat, Revenues Increase Y/Y
ZACKS· 2024-10-31 18:15
Core Insights - GoDaddy (GDDY) reported Q3 2024 earnings of $1.32 per share, exceeding the Zacks Consensus Estimate by 5.6% and showing a year-over-year increase of 48.3% [1] - The company generated revenues of $1.15 billion, surpassing the Zacks Consensus Estimate by 0.4%, with a year-over-year growth of 7.3% [1] - GoDaddy's shares increased by over 1% in pre-market trading and have risen 52.2% year-to-date, outperforming the Zacks Computer & Technology sector's return of 28.4% [1] Quarterly Performance - Applications and Commerce (A&C) segment generated $423.1 million, contributing 36.9% to total revenues, with a year-over-year increase of 16.5% [2] - Core Platform revenues, which include domains, aftermarket, hosting, and security, rose 2.6% year over year to $724.5 million, contributing 63.1% to total revenues [2] International and Booking Performance - International revenues reached $369.4 million, up 6.9% year over year [3] - Total bookings amounted to $1.2 billion, reflecting a 9% year-over-year increase [3] - Average revenues per user were $215, up 7.5% year over year [3] Annualized Recurring Revenues (ARR) - Total annualized recurring revenues were $3.97 billion, up 8.1% year over year [4] - Applications & Commerce ARR was $1.6 billion, increasing 15% year over year, while Core platform ARR totaled $2.4 billion, moving up 4% year over year [4] - Total customers at the end of Q3 were 20,725, down 1.4% year over year [4] Operating Results - Normalized EBITDA for Q3 was $366.5 million, up 23.8% year over year, with a normalized EBITDA margin expansion of 420 basis points [5] - Operating income was $253.8 million, reflecting a 51.9% year-over-year increase, with an operating margin expansion of 650 basis points to 22.1% [6] Balance Sheet and Cash Flow - As of September 30, 2024, cash and cash equivalents were $767.1 million, up from $444.9 million as of June 30, 2024 [7] - Total debt remained unchanged at $3.9 billion [7] - Free cash flow was $362.7 million, compared to $323.4 million in the previous quarter [7] - The company repurchased 5.2 million shares for a total of $668.1 million during Q3 [7] Guidance - For Q4 2024, GoDaddy expects revenues between $1.165 billion and $1.185 billion, indicating a year-over-year growth of 7% at the mid-point [9] - The company anticipates A&C revenue growth in the mid-teens and Core revenue growth in the low single digits for Q4 [9] - For the full year 2024, total revenues are expected to be between $4.545 billion and $4.565 billion, also indicating a year-over-year growth of 7% at the mid-point [10] - The normalized EBITDA margin for the year is expected to be 30% [10] - GoDaddy anticipates a free cash flow of at least $1.325 billion for 2024 [10]
2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study
Prnewswire· 2024-10-31 13:12
Core Insights - 71% of U.S. consumers are willing to pay more to support small businesses during the holiday season, with 53% willing to spend up to 10% more [1] - 65% of respondents believe inflation will impact their shopping, yet 78% are as or more likely to shop at small businesses compared to previous years [2][4] - 30% of consumers favor small businesses to support the local economy, while 18% appreciate better customer service [3] Consumer Spending Behavior - 40% of U.S. consumers plan to do most of their holiday shopping in the next four weeks, with 19% planning to shop primarily on Black Friday [4] - 31% of consumers are purchasing gifts for six or more people, and 10% for more than ten people [6] - 22% typically spend over $100 per person on gifts, while 32% plan to spend between $51 and $100, indicating over half (54%) will spend more than $50 per person [7] Self-Gifting Trends - Two-thirds (67%) of consumers intend to treat themselves during the holiday season, with Gen Z being the most likely demographic at 83% [8] Support for Small Businesses - GoDaddy emphasizes the importance of small businesses leveraging the "shopping small" experience, suggesting unique holiday promotions and superior customer service to attract consumers [5] - GoDaddy provides resources for small businesses to maximize seasonal sales, including marketing advice and promotional strategies [9]
GoDaddy(GDDY) - 2024 Q3 - Earnings Call Transcript
2024-10-31 02:45
GoDaddy, Inc. (NYSE:GDDY) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Christie Masoner - VP of Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Trevor Young - Barclays Ken Wong - Oppenheimer Ygal Arounian - Citi Elizabeth Elliott - Morgan Stanley Josh Beck - Raymond James Ella Smith - JPMorgan Chris Zhang - UBS Naved Khan - B. Riley Securities Clarke Jeffries - Piper Sandler Christie Masoner ...
GoDaddy(GDDY) - 2024 Q3 - Earnings Call Presentation
2024-10-31 01:00
© 2024 GoDaddy Inc. © 2024 GoDaddy Inc. 1 - 1 - 1 - 1 - 1 - 1 - G GoDaddy Q3 2024 Earnings Results October 30, 2024 Angel Retonda It's Barking Good ITSBARKINGGOOD.COM Forward-looking statements and non-GAAP financial measures This presentation contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees ...
Compared to Estimates, GoDaddy (GDDY) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-30 23:01
For the quarter ended September 2024, GoDaddy (GDDY) reported revenue of $1.15 billion, up 7.3% over the same period last year. EPS came in at $1.32, compared to $0.89 in the year-ago quarter. The reported revenue represents a surprise of +0.40% over the Zacks Consensus Estimate of $1.14 billion. With the consensus EPS estimate being $1.25, the EPS surprise was +5.60%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...
GoDaddy (GDDY) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-30 22:20
GoDaddy (GDDY) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 5.60%. A quarter ago, it was expected that this cloudbased technology products developer would post earnings of $1.07 per share when it actually produced earnings of $1.10, delivering a surprise of 2.80%. Over the last fou ...
GoDaddy(GDDY) - 2024 Q3 - Quarterly Report
2024-10-30 22:19
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 For the quarterly period ended September 30, 2024 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) Delaware 46-5769934 (State ...
GoDaddy(GDDY) - 2024 Q3 - Quarterly Results
2024-10-30 20:11
news release GoDaddy Reports Third Quarter 2024 Financial Results Company builds on its track record of profitable growth, strong cash generation and share repurchases TEMPE, Ariz., October 30, 2024 /PRNewswire/ - GoDaddy Inc. (NYSE: GDDY) today reported financial results for the third quarter that ended September 30, 2024. "GoDaddy delivered a solid third quarter, with continued progress on our key initiatives," said GoDaddy CEO Aman Bhutani. "We are committed to empowering entrepreneurs worldwide with inn ...