GoDaddy Inc - GDDY STOCK NEWS

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.

GoDaddy Inc. (NYSE: GDDY) announced the completion of a significant credit agreement refinancing through its subsidiaries. The company has secured $1,463 million in new term loans maturing in 2029, which were used to refinance all outstanding Existing Tranche B-6 Term Loans. The refinancing was executed through a Twelfth Amendment to the Second Amended and Restated Credit Agreement.

The new Replacement Term Loans feature an amortization rate of 1.00% per annum, with the first installment due around December 31, 2024. The Applicable Margin is set at 1.75% for SOFR Loans and 0.75% for ABR Loans under the new terms.

GoDaddy's Venture Forward initiative released its Q4 2024 newsletter and 2024 annual report, showcasing significant insights into microbusiness trends across Australia, Canada, UK, and US. Key findings reveal that 75% of microbusiness owners relaunch after setbacks, with 39% of these ventures becoming their main household income.

The report highlights that each microbusiness contributes to 7 jobs at the county level. Beauty and Health/Medical sectors lead e-commerce industries across most countries. Notable growth was observed in US states, with Delaware showing a remarkable 65% one-year growth in microbusiness count.

In the UK, AI adoption is driving job creation, with AI-using microbusinesses being twice as likely to employ others compared to non-AI users. The study also found that areas with higher population migration showed increased microbusiness density.

GoDaddy has released its 2024 Venture Forward Annual Report, expanding its microbusiness research initiative to four countries: the U.S., U.K., Australia, and Canada. The report analyzes data from over 20 million global online microbusinesses, focusing on their impact on local economies.

The research highlights entrepreneurs' resourcefulness in adopting new technologies like Generative AI, and their resilience in running businesses with typically fewer than 10 employees. The initiative aims to provide insights about where and how business owners are growing their ventures, their motivations, challenges, and demographics.

The report emphasizes these entrepreneurs' contributions to local economies through job creation and community impact, with GoDaddy's mission focusing on making opportunity more inclusive for all.

GoDaddy highlights how small businesses can help reduce holiday hosting stress through various services. The article features Gray Brush Vintage Market, a vintage rental business in Portsmouth, Ohio, founded by Vonda Rogers and Lisa Brickey, who participated in the Empower by GoDaddy program. The PR also showcases other small businesses like Carter's BBQ and Nika's Cupcake Bar, demonstrating how local entrepreneurs can assist with holiday preparations from décor to catering.

The article emphasizes that two out of three small businesses and 89% of retail businesses rely heavily on the holiday season for their revenue. With over 20 million global online microbusinesses, consumers have numerous options to outsource holiday tasks while supporting local entrepreneurs.

GoDaddy's (NYSE: GDDY) recent survey of 1,500 U.S. consumers reveals significant generational differences in social media shopping habits. Facebook emerges as the top platform, with 52% of Millennials making purchases there in the last three months, compared to 31% of Gen Z and 35% of Gen X and Boomers.

Key findings show that 90% of Gen Z and Millennials make impulse purchases on social media, with over half making monthly purchases. The survey identified fashion (37%), food (22%), and electronics (10%) as top purchasing categories. Most Gen Z (44%) and Millennials (38%) limit social media purchases to under $50.

Business legitimacy concerns (47%) and shipping issues are major deterrents across generations. The study also reveals platform preferences: Millennials strongly favor Facebook (67%), while Gen Z prefers Instagram (61%) and TikTok (48%) for business presence.

GoDaddy announces its second annual 30-Day 'Start a Business' Challenge for 2025, building on last year's success which attracted over 27,000 webpage visits. The initiative provides entrepreneurs with a step-by-step roadmap to launch their businesses, covering aspects from naming to marketing strategy and operations.

According to GoDaddy Venture Forward research, which tracks over 20 million global online microbusinesses, communities have seen double-digit growth in microbusiness density over the past five years. However, online marketing remains a significant challenge for microbusiness owners. The 2025 challenge will feature enhanced content with participation from small business influencers and GoDaddy employees.

GoDaddy shares the career journey of Jelena Nejkov, highlighting her progression from Customer Support to technical support roles. The article showcases how GoDaddy supports small business owners by providing technical solutions and guidance for their websites. Jelena emphasizes the company's collaborative culture, particularly noting how GoDaddy fosters an inclusive environment where individuality is celebrated and team support is abundant.

The profile highlights GoDaddy's commitment to helping customers maintain secure, fast, and growth-ready websites, recognizing that many rely on their sites as primary income sources. The piece also details how the company's supportive environment enables employees to balance personal and professional growth while making meaningful contributions to customer success.