Financial Performance - Total revenue for 2024 was $4.6 billion, an increase of 8% year-over-year[6] - Net income for 2024 was $936.9 million, down 32% year-over-year, with a margin of 20%[6] - Normalized EBITDA (NEBITDA) for 2024 was $1.4 billion, up 23% year-over-year, representing a 31% margin[6] - Free cash flow for 2024 was $1.4 billion, an increase of 25% year-over-year[6] - Total revenue for Q4 2024 was $1,192.6 million, a 8.4% increase from $1,100.3 million in Q4 2023[36] - Net income attributable to GoDaddy Inc. for Q4 2024 was $198.6 million, compared to $1,113.9 million in Q4 2023, reflecting a significant decrease[36] - Net income for the year ended December 31, 2024, was $936.9 million, a decrease of 31.9% compared to $1,375.6 million in 2023[40] - Net cash provided by operating activities increased to $1,287.7 million in 2024 from $1,047.6 million in 2023, representing a growth of 22.9%[40] - Free cash flow for the year ended December 31, 2024, was $1,355.5 million, up from $1,084.4 million in 2023, indicating a year-over-year increase of 25%[44] - Total debt as of December 31, 2024, was $3,853.9 million, with net debt standing at $2,764.9 million after accounting for cash and cash equivalents[43] Future Projections - For Q1 2025, total revenue is expected to be between $1.175 billion and $1.195 billion, representing year-over-year growth of 7% at the midpoint[11] - For the full year 2025, total revenue is targeted in the range of $4.860 billion to $4.940 billion, also representing year-over-year growth of 7% at the midpoint[11] Operational Metrics - Annualized recurring revenue (ARR) is a key metric, highlighting the scale of subscription-based services, which is crucial for future revenue growth[31] - Total bookings, an important operating metric, provides insight into customer contract values, excluding refunds, indicating marketing effectiveness[22] - The company reported a NEBITDA margin, which is a supplemental measure of operating performance, reflecting the ratio of NEBITDA to revenue[25] - Total customers increased, which is a contributing factor to revenue growth potential, although specific numbers were not disclosed[33] Cash and Liquidity - GoDaddy's cash and cash equivalents increased to $1,089.0 million in Q4 2024 from $458.8 million in Q4 2023, indicating improved liquidity[38] - Cash and cash equivalents at the end of the period increased to $1,089.0 million from $458.8 million in 2023, marking a substantial rise[40] Investment and Innovation - GoDaddy's investment in technology and development was $200.5 million for Q4 2024, slightly down from $203.8 million in Q4 2023, indicating a focus on innovation[36] - The company is actively pursuing market expansion and new product development, particularly through its AI-powered services to enhance customer experience[34] - The company launched the Airo Plus tier, enhancing its AI-powered GoDaddy Airo experience[9] Debt and Financing - In December 2024, GoDaddy refinanced $1.5 billion of term loans, securing a 0.25% interest rate margin reduction[10] - The company issued $4,214.8 million in term loans during the year, significantly higher than $1,759.9 million in 2023[40] Profitability and Efficiency - NEBITDA margin for the year ended December 31, 2024, was 30.5%, up from 26.7% in 2023, indicating improved operational efficiency[41]

Company continues its track record of profitable growth and strong cash generationTEMPE, Ariz., Feb. 13, 2025 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today reported financial results for the fourth quarter and full year that ended December 31, 2024."GoDaddy demonstrated strong operational execution and financial performance in 2024, making significant progress across our key strategic initiatives," said GoDaddy CEO Aman Bhutani. "Looking ahead to 2025, we are excited to further innovate around GoDaddy Air ...

Core Insights - GoDaddy (GDDY) is positioned to potentially continue its earnings-beat streak in the upcoming report, having a history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 4.20% [1][3] Earnings Performance - In the last reported quarter, GoDaddy achieved earnings of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.25 per share, resulting in a surprise of 5.60% [2] - In the previous quarter, the company was expected to report earnings of $1.07 per share but delivered $1.10 per share, yielding a surprise of 2.80% [2] Earnings Estimates - Recent estimates for GoDaddy have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6] - The current Earnings ESP for GoDaddy stands at +7.44%, reflecting increased analyst optimism regarding the company's earnings prospects [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of beating consensus estimates [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5]

Core Insights - GoDaddy (NYSE: GDDY) is set to announce its earnings on February 13th, with an expected EPS of $1.44 and revenue of $1.18 billion, indicating a year-over-year revenue growth of 7.16% and a quarter-over-quarter EPS increase of 9% [1] Financial Performance - The anticipated earnings per share (EPS) is $1.44, reflecting a positive outlook for the company's profitability [1] - Revenue is projected to reach $1.18 billion, showcasing a significant growth trajectory compared to the previous year [1] - The year-over-year revenue growth is estimated at 7.16%, while the EPS is expected to increase by 9% quarter-over-quarter [1] Analyst Background - The analysis is provided by Harrison, a financial analyst with over a decade of market experience and a focus on private equity, real estate, and economic research [1] - Harrison has been contributing to Seeking Alpha since 2018 and possesses an academic background in financial econometrics, economic forecasting, and global monetary economics [1]

"When we set out to tell the story of empowering entrepreneurs with GoDaddy Airo, we knew we wanted to tell that story through the lens of an actual entrepreneur," said GoDaddy Chief Marketing Officer Fara Howard. "Walton was the perfect partner—he had a passion for entrepreneurship and eyewear, and GoDaddy Airo could help him bring it to life. This campaign is all about proving that with the right AI tools, anyone can build a business and confidently feel like they know what they're doing. We're proud to s ...

GoDaddy (GDDY) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual invest ...

GoDaddy Airo™ - an AI-powered experience for small business ownersGoDaddy Airo harnesses innovative AI technology to help small business owners get online faster, drive traffic to their website, boost sales and deepen their customer engagement on social media. In the U.S. alone, more than 3 million customers, including Walton Goggins Goggle Glasses, discovered the power of GoDaddy Airo. That number continues to grow as GoDaddy Airo's rollout spans 180 countries and counting. The results of the revolutionary ...

GoDaddy's Investment in WordPress Community - GoDaddy invested $500,000 in the WordPress community through a donation to The WP Community Collective, aimed at providing financial, operational, and promotional support [1][2] - The company also launched a redesigned Managed WordPress Hosting platform, built with developers in mind, to enhance the WordPress experience [1][5] - GoDaddy's President of Partners emphasized the company's commitment to the WordPress community, with a total investment of $520,000 to sustain contributions in 2025 and beyond [4] GoDaddy's Open Source Contributions - GoDaddy sponsors several open source projects, including PHP Coding Standards ($12,000 in 2024), PHP Foundation ($24,000 in December 2024), and World Wide Web Consortium ($40,000 in December 2024) [6] - The company supports the WP Accessibility Meetup by sponsoring live captions for monthly meetings [6] - Through the Five for the Future program, GoDaddy sponsors 46 contributors across 17 teams, ranking as the second-largest contributor in terms of people and third in pledged hours per week (255 hours) [6] Enhanced Managed WordPress Hosting Platform - The newly optimized Managed WordPress Hosting platform handles over 80 billion requests per month with more than three petabytes of data, offering up to two times faster performance than competitors [5] - The platform provides advanced security and isolation at every level, along with features like seamless scaling (up to 12 cores), strong isolation (containerized services and nano-segmentation), multi-layer security (hardened containers and immutable code), and real-time observability (per-site dashboards) [5][10] GoDaddy's Broader Business Focus - GoDaddy helps millions of entrepreneurs globally start and scale their businesses by offering services such as domain naming, website building, logo creation, and payment acceptance [8] - The company's AI-powered experience, GoDaddy Airo™, assists small businesses in getting online quickly, driving traffic, and boosting sales [8] - GoDaddy provides 24/7 expert guidance to support its customers [8]

TEMPE, Ariz., Jan. 16, 2025 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) will release financial results for the fourth quarter and fiscal year 2024 on Thursday, February 13, 2025, after the U.S. stock market closes. Following the news release, GoDaddy management will host a live webcast at 5:00 p.m. Eastern Time, which will be available on GoDaddy's Investor Relations website at https://investors.godaddy.net. To participate, please register here. Following the webcast's completion, a recording will be availabl ...

Core Points - The Federal Trade Commission (FTC) has proposed a settlement order requiring GoDaddy to enhance its information security program due to alleged failures in implementing adequate security measures and misleading customers about data protection [1][3][4] - GoDaddy has stated that it invests significant resources in data protection and has already begun implementing some requirements from the settlement agreement with the FTC [2][3] - The FTC's actions aim to ensure that web hosting companies like GoDaddy improve their security systems to protect consumers globally [2] Company-Specific Summary - GoDaddy is required to implement a comprehensive information security program and will be subject to independent third-party assessments to review its security measures [4] - The proposed settlement does not include any admission of fault or monetary penalties for GoDaddy, and the company expects minimal financial impact from compliance [3] - GoDaddy's alleged "unreasonable security practices" led to security breaches that exposed customer data and websites to unauthorized access [3] Industry Context - The FTC has previously taken similar actions against other companies, such as Marriott International, which was required to implement a comprehensive information security program following data breaches affecting over 344 million customers [5][6] - The FTC's focus on enhancing security measures across web hosting providers highlights the increasing importance of data protection for small businesses and their customers [2]