GoDaddy Inc - GDDY STOCK NEWS

GoDaddy (NYSE: GDDY) has announced it will release its fourth quarter and fiscal year 2024 financial results on Thursday, February 13, 2025, after U.S. market close. The company's management team will host a live webcast at 5:00 p.m. Eastern Time to discuss the results.

Interested participants can register for the webcast through GoDaddy's Investor Relations website. A recording of the webcast will be made available on the same platform following the event.

GoDaddy's Venture Forward 2024 Annual Report reveals significant correlations between migration patterns and microbusiness growth in the US. Research shows that new residents significantly impact county microbusiness density, with international migrants having the largest effect (.42 increase in microbusinesses per 100 people for each 1% of international population).

The study also highlights findings from the UCLA Anderson Forecast Microbusiness Activity Index (MAI), showing that microbusinesses positively impact local economies. Key findings indicate that a one-point increase in the infrastructure index corresponds to 89 new jobs in a county, and each additional entrepreneur correlates with 7.4 local jobs. The research noted increased MAI growth driven by Generative AI adoption, enabling smaller businesses to compete more effectively.

GoDaddy has published an interview with Armand Sadovschi, highlighting his career journey and current role in their HRIS team. Starting in BPO centers providing Workday support, Sadovschi's experience spans from customer service to technical tier 2 support in multinational environments. At GoDaddy, he emphasizes the unique aspects of their HRIS team, including successful remote collaboration across time zones and strong support for professional development.

Sadovschi describes the challenging yet rewarding nature of finding optimal technical solutions through Workday Community, knowledge sharing, and extensive testing. He advises aspiring HRIS analysts to focus on data analysis and system optimization, noting how the role connects HR processes with technical implementation.

GoDaddy's Venture Forward 2024 Annual Report reveals significant insights about U.S. microbusinesses. The study shows that 93% of microbusinesses have fewer than 10 employees, with 55% being solo entrepreneurs. Income generation varies: 31% use it as main income, 40% as supplemental, and 29% report no income. Notable findings include:

- 51% are women-owned businesses, a 10% increase since August 2019
- 13% are owned by Black entrepreneurs, with 73% of these owned by Black women
- 44% believe GenAI will help them compete with larger businesses
- Top challenges include online marketing (39%) and access to financial capital (22%)

The report highlights that 75% of business owners who previously closed businesses persevered to create new ones, and despite economic uncertainties, 1 in 4 business owners with negative economic outlooks still plan to hire in the next 12 months.

GoDaddy emphasizes the importance of fostering a growth mindset to create an inclusive and collaborative workplace. The company outlines three key strategies: valuing different perspectives for innovation, enabling equal opportunities for success, and building a culture of learning and experimentation. This approach was instrumental in developing their latest AI solution, GoDaddy Airo.

The company stresses the need to balance bold aspirations with accountability, highlighting that overemphasis on openness without proper guardrails can lead to unclear expectations. GoDaddy implements this through their '3Cs' approach - curiosity, compassion, and courage - while maintaining a continuous learning environment that supports both growth and inclusion.

GoDaddy's Venture Forward 2024 Annual Report reveals significant growth and impact of online microbusinesses across the US. The research shows that each additional microbusiness per 100 people can reduce unemployment by 0.11 percentage points, with entrepreneurs creating over 7 new jobs at the county level, up from 2 jobs in 2021.

Urban areas showed the highest growth with a 22% 1-year increase and 35% 5-year growth. Among states, Delaware led with 65% yearly growth, followed by Montana (45%) and Nevada (36%). The report highlights substantial industry shifts, with Religion sector showing 286% growth in online orders, while Financial services led revenue growth at 142%. Conversely, Personal Services experienced significant declines in both metrics.

GoDaddy's Venture Forward has released its 2024 Annual Report, highlighting key insights about microbusiness trends in the U.S. The report features perspectives from industry experts who note significant changes in the microbusiness landscape. States are increasingly creating dedicated Offices of Entrepreneurship, with Nevada leading in 2023, followed by New Mexico, Kansas, Michigan, and Missouri.

The report emphasizes the growing importance of microbusinesses in local economies, with data revealing substantial microbusiness activity in areas like Las Vegas Valley. Venture Forward, which tracks over 20 million global online microbusinesses, aims to quantify their economic impact while highlighting entrepreneur stories and challenges in areas such as licensing, marketing, and financing.

GoDaddy highlights Senior Penetration Tester Jai Sharma in a profile showcasing the company's security excellence. Originally from New Delhi, India, Sharma describes his journey as a self-taught offensive security researcher and his role at GoDaddy's Security Team. He emphasizes the team's collaborative environment and clear direction under experienced leadership.

The profile details Sharma's structured approach to cybersecurity challenges, including setting clear goals, tracking progress, and maintaining work-life balance. He describes GoDaddy's culture as 'welcoming' and highlights how the security team operates with precision and excellence in achieving important security objectives.

GoDaddy recently hosted a 'We Love Our Customers' event near Seattle, where company leadership connected directly with small business owners to understand their evolving needs and challenges. The event focused on listening to customers' experiences and gathering insights to improve their services. Key takeaways included: customers' desire for simple business improvement ideas, the importance of trust in business relationships, and users' hesitancy to switch from familiar software. The company highlighted that their upcoming GoDaddy Airo™ functionality will incorporate GenAI technology to help customers adapt to new technologies more easily.