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]

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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 ...

(3 GoDaddy Q2 2024 Earnings Results August 1, 2024 | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | © 2024 GoDaddy Inc. 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 informati ...

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 ...

[Q2 2024 Performance Highlights](index=1&type=section&id=Second%20Quarter%202024%20Business%20Highlights) GoDaddy exceeded Q2 2024 revenue and margin guidance, driven by strong Applications and Commerce growth and AI initiatives Q2 2024 Key Financial Metrics | Metric | Q2 2024 | YoY Change | | :--- | :--- | :--- | | Total Revenue | $1.1 billion | +7% | | Net Income | $146.3 million | +76% | | Normalized EBITDA (NEBITDA) | $331.7 million | +25% | | Free Cash Flow | $323.4 million | +35% | | Total Bookings | $1.3 billion | +11% | Q2 2024 Revenue by Segment | Segment | Revenue | YoY Change | | :--- | :--- | :--- | | Applications and Commerce (A&C) | $405.6 million | +15% | | Core Platform (Core) | $718.9 million | +3% | - The company is expanding its AI-powered experience, **GoDaddy Airo™**, which is now available with all new and existing domain purchases in English-speaking markets, with plans to expand to over 90 additional countries[3](index=3&type=chunk)[5](index=5&type=chunk) - Launched the **GoDaddy Digital Marketing suite**, a new platform offering personalized marketing tools and content to help customers build their brand and generate leads, even without a website[5](index=5&type=chunk) [Capital Management & Balance Sheet](index=2&type=section&id=Share%20Repurchases) GoDaddy continued capital return via share repurchases and refinanced debt, extending maturity and reducing interest expense - Year-to-date through July 30, 2024, GoDaddy repurchased **4.1 million shares** for **$520.8 million**, reducing fully diluted shares by approximately **23%** since the program's inception in January 2022[7](index=7&type=chunk) - In May 2024, the company amended its credit agreement, refinancing debt to extend maturity to 2031 and securing a **25 basis point interest rate reduction** This is expected to lower annual cash interest expense by about **$25.0 million**[9](index=9&type=chunk) Balance Sheet Summary (as of June 30, 2024) | Item | Amount (in millions) | | :--- | :--- | | Cash and cash equivalents | $444.9 | | Total debt | $3,900.0 | | Net debt | $3,400.0 | [Business Outlook](index=3&type=section&id=Business%20Outlook) GoDaddy raised full-year 2024 guidance for revenue, NEBITDA, and free cash flow, signaling strong future performance Q3 2024 Guidance | Metric | Guidance Range/Target | | :--- | :--- | | Total Revenue | $1.13B - $1.15B (+7% YoY at midpoint) | | NEBITDA Margin | ~29% | Full Year 2024 Raised Guidance | Metric | Guidance Range/Target | | :--- | :--- | | Total Revenue | $4.525B - $4.565B (+7% YoY at midpoint) | | NEBITDA Margin | ~29% | | Unlevered Free Cash Flow | At least $1.45B (+16% YoY) | | Free Cash Flow | At least $1.3B (+20% YoY) | [Consolidated Financial Statements (Unaudited)](index=7&type=section&id=Consolidated%20Financial%20Statements) GoDaddy's unaudited financial statements detail strong operational performance, a stable balance sheet, and robust cash generation [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations%20(unaudited)) Q2 2024 saw significant increases in total revenue, operating income, and net income, driven by strong top-line growth and expense management Q2 2024 vs Q2 2023 Statement of Operations (in millions) | Line Item | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Total Revenue | $1,124.5 | $1,048.1 | | Operating Income | $208.2 | $119.6 | | Net Income | $146.3 | $83.1 | | Diluted EPS | $1.01 | $0.54 | [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets%20(unaudited)) As of June 30, 2024, GoDaddy's balance sheet shows a slight increase in total assets and stockholders' equity, maintaining a stable financial position Balance Sheet Comparison (in millions) | Account | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total Assets | $7,721.9 | $7,564.9 | | Cash and cash equivalents | $444.9 | $458.8 | | Total Liabilities | $7,564.9 | $7,502.7 | | Total stockholders' equity | $157.0 | $62.2 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows%20(unaudited)) Cash flow statements for the six months ended June 30, 2024, show strong operating cash generation, primarily used for significant share repurchases Six Months Ended June 30 Cash Flow (in millions) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $592.0 | $468.3 | | Net cash provided by (used in) investing activities | $40.9 | $(52.0) | | Net cash used in financing activities | $(646.2) | $(608.3) | | Net decrease in cash | $(13.9) | $(191.4) | [Reconciliation of Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP financial measures to non-GAAP metrics like NEBITDA, Free Cash Flow, and Unlevered Free Cash Flow, providing adjusted performance views Q2 2024 Net Income to NEBITDA Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net income | $146.3 | | Adjustments (Depreciation, Equity Comp, Interest, etc.) | +$185.4 | | **NEBITDA** | **$331.7** | Q2 2024 Cash Flow Reconciliation (in millions) | Line Item | Amount | | :--- | :--- | | Net cash provided by operating activities | $294.8 | | Adjustments (Capex, Restructuring, etc.) | +$28.6 | | **Free cash flow** | **$323.4** | | Cash paid for interest on long-term debt | +$45.3 | | **Unlevered free cash flow** | **$368.7** | [Supplementary Information](index=5&type=section&id=Supplementary%20Information) This section defines key non-GAAP and operating metrics, clarifies share outstanding changes due to buybacks, and provides constant currency reconciliations for performance analysis [Definitions of Non-GAAP and Operating Metrics](index=5&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Other%20Operating%20and%20Business%20Metrics) This section defines GoDaddy's key non-GAAP and operating metrics, including Total Bookings, Constant Currency, NEBITDA, Free Cash Flow, Net Debt, ARR, and ARPU - Key operating metrics used by management include **Total Bookings**, **Constant Currency**, **NEBITDA**, **Free Cash Flow**, **Net Debt**, **Annualized Recurring Revenue (ARR)**, **Average Revenue Per User (ARPU)**, and **Total Customers**[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) [Shares Outstanding](index=11&type=section&id=Shares%20Outstanding) Total common stock outstanding decreased to **141.5 million shares** as of June 30, 2024, reflecting the impact of the company's share repurchase program Total Common Stock Outstanding (in thousands) | Date | Shares Outstanding | | :--- | :--- | | June 30, 2024 | 141,455 | | June 30, 2023 | 148,600 |