Financial Data and Key Metrics Changes - GoDaddy achieved a total revenue growth of 10% year-over-year, reaching $1.3 billion, surpassing the high end of the guided range [17][18] - ANC (Annualized Net Customer) bookings grew by 14%, contributing to a total bookings increase of 9% to $1.4 billion [18][19] - Free cash flow increased by 21% to $440 million, reflecting strong operational performance [16][18] - The normalized EBITDA margin was maintained at 32%, with normalized EBITDA growing 11% to $409 million [18][21] Business Line Data and Key Metrics Changes - The high-margin ANC segment saw a revenue increase of 14% to $481 million, driven by solid adoption of subscription solutions [18] - The core platform segment delivered an 8% revenue growth to $784 million, supported by a 28% growth in aftermarket and a 7% growth in primary domains [18] - The $500+ customer cohort now represents approximately 10% of the customer base, contributing to a 10% increase in ARPU (Average Revenue Per User) to $237 [16][17] Market Data and Key Metrics Changes - International revenue grew by 14%, primarily driven by strength in both primary and secondary domain markets [17] - Retention rates remained stable at 85%, with total customers increasing sequentially to 20.4 million [17][18] Company Strategy and Development Direction - GoDaddy is focusing on the evolution of its Aero platform from generative AI to agentic AI, launching new agents to assist customers in various tasks [4][5] - The company is committed to creating an agentic open internet, enhancing customer experiences through AI-powered agents [4][10] - Strategic initiatives include pricing and bundling to provide greater value and choice to customers, and a seamless experience to improve conversion and renewal rates [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of micro-business owners and their continued engagement with GoDaddy's services [81][82] - The company raised its full-year 2025 revenue guidance to approximately $4.93 to $4.95 billion, reflecting ongoing strength across the business [19][21] - Management highlighted the importance of AI in driving operational efficiencies and enhancing customer engagement [61][63] Other Important Information - GoDaddy has repurchased 9 million shares for a total of $1.4 billion year-to-date, demonstrating a commitment to shareholder returns [16] - The company is on track to exceed its investor day North Star commitment of a 20% CAGR (Compound Annual Growth Rate) [16] Q&A Session Summary Question: Impact of AI and agentic services on domains and websites - Management believes that AI and agentic AI will automate customer journeys, leading to an increase in the creation of websites and demand for domains [24][26] Question: Customer base growth and metrics - The total customer account showed slight sequential growth, with a focus on high-intent customers driving ARPU growth [30] Question: Rollout of Aero.ai and its integration - Aero.ai is built on the GoDaddy software platform, providing a seamless experience for existing customers and linking to the GoDaddy ecosystem [34][35] Question: Drivers of strengthening customer cohort dynamics - The high-intent customer cohort is attaching to more products at a higher rate, contributing to bookings and revenue growth [37][38] Question: AI investments and profitability - Investments in AI are being offset by efficiencies gained from internal use cases, with a focus on maintaining operational discipline [61][63] Question: Aftermarket performance - The company experienced strong performance in the aftermarket, particularly in high-value transactions [46] Question: International growth specifics - No specific markets were highlighted, but international growth mirrored domestic performance [79]

Core Viewpoint - The sentiment around Alphabet Inc. (NASDAQ: GOOGL) is bearish, with analysts expressing concerns about diminishing returns and the sustainability of its AI-driven growth narrative [1][2][3] Group 1: Analyst Opinions - Don Kaufman from Theotrade has issued a bearish outlook on Alphabet, suggesting that the company's returns are expected to diminish over time due to AI threats [1][2] - Kaufman highlights that the current 30% year-to-date return for Alphabet is largely driven by AI hype, questioning the actual sources of revenue for the company [2] - Bristlemoon Global Fund believes that the bearish narrative surrounding Alphabet is overblown and has been accumulating shares since June, anticipating a market narrative shift [3] Group 2: Investment Strategies - Kaufman is implementing an options strategy involving buying 230 puts and selling 220 puts, indicating a defined risk approach with expectations of a significant decline in Alphabet's stock price over the next three months [2] - The options trade is structured as a $10-wide put spread executed for a $2.90 debit, reflecting a bearish stance on Alphabet's future performance [2]

Financial Performance - Total revenue grew by 10% to $1.265 billion in Q3 2025[39, 57] - Applications & Commerce (A&C) revenue increased by 14% to $0.5 billion[39, 57] - Core Platform revenue grew by 8% to $0.8 billion[39, 57] - NEBITDA margin reached 32%[9, 40] - Free cash flow increased by 21% to $440 million[35, 45, 57] Growth Drivers and Initiatives - A&C bookings growth contributed 20%[33] - Airo platform is evolving from Generative AI to Agentic AI[12, 15, 22, 27] - Airo customers are spending $500+ annually, representing ~10% of the customer base[36] - ARPU (Average Revenue Per User) grew by 10% in Q3[36] Future Outlook - The company raised full year revenue guide to 8% growth[35] - The company expects approximately $1.6 billion in free cash flow for the full year 2025[56]

Let's talk about Amazon. Let's talk about AWP and let's talk about that. I spend Are you comfortable with the numbers that you saw today.That's hard to keep up. Yeah, but, um. But the the numbers and the overall numbers for Amazon here, this is the cleanest quarter this company has had in some time.There's a few normalizations in the quarter related to the operating income that you reported that were one time item. So when you adjust for that, they actually beat on operating income the moderately be on reve ...

Core Insights - GoDaddy Inc. reported its third quarter 2025 financial results on October 30, 2025 [1][6]. Group 1: Financial Results - The financial results for the third quarter of 2025 were released after the U.S. stock market closed on October 30, 2025 [6]. Group 2: Company Overview - GoDaddy assists millions of entrepreneurs worldwide in starting, growing, and scaling their businesses by providing services such as website creation, logo design, and payment processing [3]. - The company offers an AI-powered experience called GoDaddy Airo, which helps small businesses establish an online presence quickly and effectively [3].

Core Insights - Alphabet reported a strong third quarter, with revenue of $102.35 billion, up nearly 16% year-over-year, and EPS of $2.87, exceeding estimates by 35% [4][5] - The company is experiencing significant momentum in AI, which is not fully priced in, contrasting with competitors like Meta and Microsoft [4][8] - Alphabet's cloud revenue surged 34% year-over-year to $15.2 billion, outperforming Microsoft's Azure growth [5][17] Financial Performance - Alphabet's operating margins improved to 23.7%, a 650 basis point increase from the previous year [6] - The backlog for the cloud unit reached a record $155 billion, with $47 billion added in the quarter [6] - Search revenue grew by 15% year-over-year, and paid clicks increased from 4% to 7% [5] AI and Cloud Strategy - Over 70% of cloud customers are utilizing AI products, with the Gemini ecosystem attracting large enterprise deals worth around $1 billion [7] - Management raised full-year capital expenditure guidance to $91-93 billion, up from $85 billion, with 60% allocated to servers [7][8] Market Reaction and Analyst Sentiment - Analysts from Goldman and BFA project double-digit upside for Alphabet, with Goldman raising its 12-month price target to $330, indicating a 15% upside [13][15] - BFA's price target is set at $335, emphasizing Alphabet's strong position in AI infrastructure and usage [15][16] - The overall market sentiment is positive towards Alphabet, contrasting with the pressure faced by Meta and Microsoft [8][14]

Core Viewpoint - Alphabet is positioned as a leading company in AI, leveraging its infrastructure advantage to invest in AI more efficiently than competitors [2][6]. Investment in AI - Alphabet's ownership of its infrastructure, including TPUs, allows it to avoid high margins demanded by Nvidia for AI investments, enhancing its competitive edge [2]. - The company's investments in cloud and search are yielding positive results, indicating a strong trajectory for growth in AI applications [2]. Advertising Business - Alphabet's core business model revolves around selling advertising through search, which remains robust despite competition from AI-driven alternatives [3][4]. - The company possesses superior data insights from various platforms (Google Maps, YouTube, Gmail, search), enabling it to deliver better performance advertising and returns on sales compared to competitors [4]. Market Dynamics - While competition from AI platforms like ChatGPT may impact query share, Alphabet is expected to monetize queries more effectively than its rivals [6]. - The growth of Alphabet's AI product, Gemini, is notable, with an increase of 200 million users in a single quarter, reaching a total of 650 million [5]. Stock Performance - Alphabet's stock has shown resilience, with a recent increase of 3%, reflecting ongoing investor confidence in the company's performance and future prospects [7].

Core Insights - Meta Platforms (META) reported Q3 2025 non-GAAP earnings of $7.25 per share, exceeding Zacks Consensus Estimate by 9.68%, while GAAP earnings fell 82.6% year over year to $1.05 per share [1] - Revenues reached $51.24 billion, surpassing Zacks Consensus Estimate by 3.63% and increasing 26.2% year over year [1] - At constant currency, revenues grew 25% year over year [1] Revenue Breakdown - Revenues from the Family of Apps, which constitutes 99.1% of total revenues, rose 26% year over year to $50.77 billion [2] - Daily Active People (DAP) across Family of Apps reached 3.54 billion, marking a 7.6% increase year over year [2] - Geographically, revenues surged 23.5% in the U.S. & Canada, 25% in Asia-Pacific, 29.2% in Europe, and 31.9% in the Rest of the World [3] Advertising Performance - Advertising revenues, making up 98.6% of Family of Apps revenues, increased 25.6% year over year to $50.08 billion [4] - Ad impressions across Family of Apps grew 14% year over year, with the average price per ad rising 10% [5] - Advertising revenues from the U.S. & Canada, Asia-Pacific, Europe, and the Rest of the World increased by 22.7%, 24.5%, 29%, and 30.9% year over year, respectively [4] Operating Metrics - Total costs and expenses rose 32.1% year over year to $30.71 billion, accounting for 59.9% of revenues [6] - Operating income increased 18.4% year over year to $20.54 billion, with an operating margin of 40.1%, down 270 basis points year over year [9] - Family of Apps' operating income grew 14.6% year over year to $25 billion, while Reality Labs reported a loss of $4.43 billion, unchanged year over year [9] Financial Position - As of September 30, 2025, cash and cash equivalents along with marketable securities totaled $44.45 billion, down from $47.07 billion as of June 30, 2025 [10] - Long-term debt remained stable at $28.83 billion [10] - Capital expenditures for Q3 were $19.37 billion, with free cash flow at $10.63 billion [10] Future Guidance - Meta expects total revenues for Q4 2025 to be between $56 billion and $59 billion, with a 1% tailwind from favorable foreign exchange [11] - For 2025, total expenses are anticipated to be between $116 billion and $118 billion, indicating a growth rate of 22-24% year over year [11] - Capital expenditures for 2025 are projected to be in the range of $70-$72 billion, an increase from previous guidance [12]

Core Insights - Alphabet's Q3 2025 earnings surpassed Wall Street expectations, achieving a revenue of $102.4 billion, a 16% increase year over year, marking the company's first-ever $100 billion quarter [1][3] Revenue Breakdown - Google services, including Search, Android, YouTube, and Chrome, generated $87.1 billion, up 14.5% year over year, driven by strong ad demand and higher ad prices [2][6] - Google Cloud sales rose 34% to $15.2 billion, fueled by increased client training and the use of AI applications [2][6] Profitability Metrics - Alphabet's operating margin stood at 30.5%, with net income reaching nearly $35 billion, a 33% increase year over year [3] - Earnings per share (EPS) was $2.87, up 35%, exceeding analysts' expectations of $2.27 [3] Key Business Performance - Google Services contributed approximately $33.5 billion to operating profit, while Google Cloud's operating income surged 85% year over year to $3.6 billion [3] Market Sentiment and Future Outlook - Investors reacted positively to Alphabet's performance, indicating that demand for its services has not peaked and that management is executing effectively [5] - The Gemini app has over 650 million monthly active users, and Google Cloud ended the quarter with a backlog of $155 billion, suggesting strong future growth potential [7][8]

Core Insights - Alphabet's third-quarter 2025 earnings per share (EPS) reached $2.87, exceeding the Zacks Consensus Estimate by 26.99% and reflecting a year-over-year increase of 35.4% [1] - Total revenues for the quarter amounted to $102.35 billion, marking a 16% year-over-year growth (15% at constant currency) [2] Revenue Breakdown - Net revenues, excluding total traffic acquisition costs (TAC), were $87.47 billion, surpassing the consensus estimate by 3% and increasing 17.3% year over year [2] - Google Services revenues rose 13.8% year over year to $87.05 billion, accounting for 85.1% of total revenues, beating the Zacks Consensus Estimate by 2.43% [3] - Google Cloud revenues surged 33.5% year over year to $15.16 billion, representing 14.8% of total revenues for the quarter and exceeding the consensus estimate by 3.25% [3] Advertising Performance - Search and other revenues increased 14.5% year over year to $56.57 billion, surpassing the Zacks Consensus Estimate by 2.58% [4] - YouTube's advertising revenues improved 15% year over year to $10.26 billion, beating the consensus mark by 2.31% [5] - Google advertising revenues grew 12.6% year over year to $74.18 billion, accounting for 85.2% of total revenues, and also exceeded the consensus mark by 2.3% [6] Cloud and AI Developments - Google Cloud ended the quarter with a backlog of $155 billion, up 46% sequentially, with a 34% year-over-year increase in new customers [8] - Revenues from products built on Alphabet's generative AI models grew over 200% year-over-year, indicating strong adoption [10] Operating and Financial Metrics - Total costs and operating expenses for the quarter were $71.12 billion, up 19% year over year, leading to an operating margin of 30.5%, which contracted 180 basis points year over year [11] - Alphabet's cash, cash equivalents, and marketable securities stood at $98.5 billion as of September 30, 2025, an increase from $95.15 billion as of June 30, 2025 [13] Capital Expenditure Guidance - For 2025, Alphabet raised its capital expenditure guidance to between $91 billion and $93 billion, up from the previous estimate of $85 billion [15]