GoDaddy(US:GDDY)2022-11-03 22:17Financial Performance - GoDaddy's Q3 2022 revenue increased by 7% year-over-year to $1 billion, or 9% on a constant currency basis[8] - Normalized EBITDA (NEBITDA) increased by 15% year-over-year[8] - Bookings increased by 5% year-over-year, or 7% on a constant currency basis, reaching $1.1 billion[19] - Unlevered free cash flow increased by 18% year-over-year to $297 million[19] Revenue Breakdown - Applications & Commerce revenue increased by 13% year-over-year to $326 million[22] - Core Platform revenue increased by 5% year-over-year to $333 million[21] Annualized Recurring Revenue (ARR) - Total ARR reached $3.6 billion[25] - Applications & Commerce ARR was $1.3 billion, a 10% year-over-year increase[25] - Core Platform ARR was $2.3 billion, a 2% year-over-year increase[25] - Create & Grow ARR was $0.43 billion, a 7% year-over-year increase[25] Balance Sheet and Liquidity - Total liquidity as of September 30, 2022, was $1.4 billion[35] - This includes $826 million in cash and cash equivalents[35] - And $600 million undrawn revolver[35] - Net debt was $3.07 billion, with a net leverage of approximately 2.8x[35] Capital Allocation - GoDaddy completed $1.15 billion in share repurchases through October 31, 2022, reducing the share count by approximately 9% of fully diluted shares[37] Guidance - The company projects revenue of $1.03 billion - $1.05 billion for the next quarter and $4.08 billion - $4.10 billion for the full year[41] - Applications & Commerce segment growth is expected to be 10%-12% for the next quarter and 13%-15% for the full year[41] - Core Platform segment growth is expected to be approximately flat for the next quarter and 4%-6% for the full year[41] - Unlevered free cash flow is projected to be $1.09 billion - $1.1 billion for the full year[41]