It has been about a month since the last earnings report for GoDaddy (GDDY) . Shares have added about 18.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is GoDaddy due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. GoDaddy's Q3 Earnings Beat Estimates, Revenues Increas ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

GoDaddy (GDDY) shares have surged 86.4% year to date (YTD), outperforming the broader Zacks Computer & Technology sector’s appreciation of 28.3% and the Zacks Internet - Delivery Services industry’s return of 63.4%.This significant outperformance reflects investors’ confidence in GoDaddy’s growth potential on the back of its innovative product portfolio and back-to-back quarters of strong financial performances.GoDaddy’s Impressive Financial PerformanceGDDY has a long history of reporting strong quarterly p ...

New GoDaddy survey shows 80% of young shoppers research businesses before buyingTEMPE, Ariz., Nov. 21, 2024 /PRNewswire/ -- Maintaining an online presence is important to small businesses, but is it necessary? According to new data from GoDaddy (NYSE:GDDY), if a business's target audience is Gen Z or Millennials, not having one could seriously impact their bottom line.  A majority (80%) of 1,000 Gen Z and Millennial U.S. consumers surveyed in September shared they research small businesses online before sho ...

Resilience Powers Microbusinesses Microbusiness owners are placing greater confidence in themselves. They are less swayed by uncertainty in the economy. Only 39% say they are confident in the national economy. But 74% are optimistic about their business prospects in the next six months. Even among those pessimistic about the economy, one in four plans to hire within a year. Entrepreneurs are making decisions based on business needs rather than on the economy.Microbusinesses, Macro ImpactMicrobusinesses are ...

TEMPE, Ariz., Nov. 20, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) Chief Financial Officer Mark McCaffrey will present at the UBS Global Technology Conference in Scottsdale, Arizona on Wednesday, Dec. 4, 2024 at 10:15 a.m. ET / 7:15 a.m. PT as well as the Barclays Global Technology Conference in San Francisco, California on Thursday, Dec. 12, 2024 at 11:40 a.m. ET / 8:40 a.m. PT.Live audio webcasts and post-presentation audio replays of these events will be available on GoDaddy's investor relations websi ...

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]

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 ...

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]

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]