GoDaddy(US:GDDY)2025-02-14 05:43Financial Performance - GoDaddy's total bookings grew by 9% year-over-year, reaching $5 billion[9] - The company achieved a NEBITDA margin of 31%, with an expansion of approximately 400 bps[9] - Free cash flow increased by 25% year-over-year[9] - Q4 2024 revenue grew by 8% to $1.2 billion, with Applications & Commerce contributing $0.4 billion (17% growth) and Core Platform contributing $0.8 billion (4% growth)[33] - For the full year 2024, revenue grew by 8% to $4.6 billion, with Applications & Commerce contributing $1.7 billion (16% growth) and Core Platform contributing $2.9 billion (3% growth)[44] Strategic Initiatives - Pricing & bundling initiatives bolstered A&C bookings growth by 21% in 2024[19] - GoDaddy Airo contributed to over 50% of Q4 Websites + Marketing paid subscriptions[21] - Commerce initiatives drove a 55% growth in GPV to $2.6 billion in 2024[19] Capital Allocation - GoDaddy completed $3.2 billion in share buybacks under current authorizations, with $0.8 billion remaining[62] - The company repurchased 39.4 million shares, reducing gross shares outstanding by 23% since January 2022[62] Outlook - The company projects 2025 revenue between $4.860 billion and $4.940 billion[66] - The company expects a NEBITDA margin of approximately 30% for Q1 2025 and an expansion of +100 bps for the full year[66] - GoDaddy anticipates generating over $1.5 billion in free cash flow in 2025[66]