Godaddy Inc Stock Price, News & Analysis

GoDaddy Inc. (NYSE: GDDY) has announced its participation in two upcoming investor conferences. Chief Financial Officer Mark McCaffrey will attend the Seaport Research Partners Annual Summer Investor Conference, held virtually on August 20, 2024. Additionally, CEO Aman Bhutani is scheduled to present at the 2024 Citi Global Technology Conference in New York City on September 4, 2024, at 8:20 a.m. ET.

A live audio webcast of the Citi conference fireside chat will be accessible on GoDaddy's investor relations website. An audio replay will also be available after the presentation. This participation in high-profile investor conferences suggests GoDaddy's commitment to engaging with the investment community and sharing insights about the company's performance and strategy.

GoDaddy (NYSE: GDDY) announced its Q2 2024 financial results, reporting total revenue of $1.1 billion, a 7% YoY increase, and exceeding guidance. Applications and Commerce revenue rose by 15% to $405.6 million, while Core Platform revenue saw a 3% increase to $718.9 million. The company also achieved a 76% surge in net income to $146.3 million, and NEBITDA grew by 25% to $331.7 million.

GoDaddy's free cash flow rose by 35% to $323.4 million. The company continued its share repurchase program, buying back 4.1 million shares for $520.8 million. Its innovative GoDaddy Airo™ experience is expanding globally. For Q3 2024, GoDaddy expects revenue between $1.13 billion and $1.15 billion, and NEBITDA margin around 29%.

For FY 2024, revenue is projected between $4.525 billion and $4.565 billion with NEBITDA margin at 29% and free cash flow at $1.3 billion.

Aisha Rashid shares her career journey at GoDaddy, highlighting her progression from Care Sales Guide to Supervisor in the Inbound department. She emphasizes the importance of clear communication, goal-setting, and stepping out of one's comfort zone for success. Aisha's proudest moment was her promotion to Supervisor, where she earned global recognition for championing the AmplifAI coaching effectiveness initiative.

Aisha credits GoDaddy for pushing her out of her comfort zone and helping her gain confidence. She offers advice for those starting a career in Care, including preparing career goals, seeking additional opportunities, and leaning on mentors for support. The article also mentions GoDaddy's commitment to employee growth, diversity, and progression.

GoDaddy's Made in America documentary series returns for its fifth season, focusing on Ohio's entrepreneurial landscape. The series highlights the state's 490,000+ microbusinesses and showcases the impact of community partnerships and organizations like the Economic & Community Development Institute (ECDI).

The season features two inspiring stories:

• Carter's BBQ: Darren and Theresa Carter's journey from steel mill work to pursuing a passion for barbecue.
• Gray Brush Vintage Market: Lisa Brickey and Vonda Rogers' venture into vintage retail in Portsmouth, Ohio.

The series, premiering on July 25, 2024, aims to inspire and advocate for inclusive entrepreneurship, particularly in underserved communities. It showcases GoDaddy's commitment to supporting small businesses through initiatives like the Empower by GoDaddy program.

GoDaddy (GDDY) is expanding its photography network across the United States to capture stories of locally owned businesses. The company is seeking freelance photographers to shoot for websites and social media pages managed by GoDaddy. The initiative offers opportunities for both seasoned professionals and emerging talents to enhance their portfolios.

GoDaddy streamlines the process by handling customer communications, scheduling, and providing creative style guides. Photographers are not required to edit, as post-production is managed in-house. The company encourages interested photographers to apply through their provided link.

The press release also highlights an interview with Thomas Allison, a former freelance photographer who now works full-time for GoDaddy's Photography team. It mentions his experience photographing local businesses in Austin, Texas, and a two-year cycling trip from Alaska to Argentina.

GoDaddy's 2023 Sustainability Report highlights their commitment to six United Nations Sustainable Development Goals (SDGs). The company has achieved gender pay parity globally for the ninth consecutive year and ethnicity pay parity in the U.S. for the seventh year. They are committed to affordable and clean energy, using 100% renewable energy in their data centers in EMEA and Phoenix. GoDaddy promotes inclusive economic growth and entrepreneurship through initiatives like Empower by GoDaddy, which supported nearly 2,900 entrepreneurs in 2023. The company also emphasizes strong corporate governance and ethics, actively working to prevent online child sexual abuse material (CSAM).

In May, GoDaddy CFO Mark McCaffrey sat down with Jennifer Carson, owner of Sonoma Cake Creations and Sonoma Sauces. Jennifer's journey from car enthusiast to successful entrepreneur is filled with resilience and creativity. After baking a wedding cake for 400 guests, she launched Sonoma Cake Creations. Her sauce-making venture began when her dark cherry zinfandel sauce won top awards at the Sonoma County Harvest Fair. Despite hardships like the 2017 Tubbs Fire and the pandemic, Jennifer's businesses have thrived. Future plans include a brick-and-mortar store and expanding her cheesecake line nationwide. GoDaddy has supported Jennifer for over 20 years, and she looks forward to utilizing their new AI tool, GoDaddy Airo, to enhance her online presence and payment systems.

Shauna Fields, a GoDaddy employee, shares insights on her career journey, emphasizing the importance of enjoying work to stay motivated. With undiagnosed ADHD, she found joy in tasks like writing, editing, and strategizing. Shauna discusses her involvement with GD Next, an Employee Resource Group (ERG) aimed at mentorship and career growth, and her role as an Intern Buddy. She highlights her passion for mentoring, inspired by her own challenges in finding guidance early in her career. Shauna also offers advice for new GoDaddy employees, urging them to ask questions and build relationships. Outside of work, she enjoys spending time with her family and volunteering with her Girl Scout troop, seeing it as another way to support and mentor others.

GoDaddy (NYSE: GDDY) will announce its second quarter 2024 financial results on Thursday, August 1, 2024, after the U.S. stock market closes. The company will host a live webcast at 5:00 p.m. ET, accessible via GoDaddy's Investor Relations website. A recorded version of the webcast will also be available afterwards.