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GoDaddy Inc - GDDY STOCK NEWS

Welcome to our dedicated page for GoDaddy news (Ticker: GDDY), a resource for investors and traders seeking the latest updates and insights on GoDaddy stock.

GoDaddy Inc. (NYSE: GDDY) is a global leader in domain registration and web services, helping millions of entrepreneurs start, grow, and scale their businesses online. Founded with the mission to make it easy and affordable for people to get their ideas online, GoDaddy has evolved into a comprehensive platform offering domain registration, website hosting, security, design, business productivity tools, commerce solutions, and domain registry services.

GoDaddy primarily serves micro- to small businesses, website design professionals, registrar peers, and domain investors. In 2021, the company expanded its offerings by acquiring payment processing platform Poynt, enabling it to offer omnicommerce solutions, including online payment gateways and offline point-of-sale devices.

Recent Achievements and Current Projects:

  • In February 2024, GoDaddy's Venture Forward research initiative, in collaboration with Nasdaq and Wells Fargo, highlighted the growing impact of women-led microbusinesses. The panel discussed challenges like access to capital and provided insights to support women entrepreneurs.
  • GoDaddy reported strong financial results for Q1 2024, with a focus on sustainable growth and innovation. The company repurchased 2.8 million shares year-to-date, demonstrating solid financial health.
  • GoDaddy implemented infrastructure simplifications and restructuring efforts to reduce operating expenses and improve cash flows, impacting approximately 180 employees.
  • In May 2024, GoDaddy closed a $1 billion tranche of term loans maturing in 2031 to refinance and extend the maturity date of previous loans, enhancing its financial flexibility.

Financial Condition and Outlook:

As of March 31, 2024, GoDaddy had $664 million in cash and cash equivalents, total debt of $3.9 billion, and net debt of $3.2 billion. The company expects Q2 2024 revenue to range between $1.10 billion and $1.12 billion, with full-year 2024 revenue projected at $4.50 billion to $4.56 billion. GoDaddy aims for a full-year normalized EBITDA margin of approximately 29% and expects unlevered free cash flow of at least $1.4 billion.

For more information, visit GoDaddy's website or their Investor Relations page.

News
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GoDaddy announces the acquisition of a leading online marketing platform, boosting its digital marketing services. The move aims to enhance customer experience and drive revenue growth.
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GoDaddy celebrates couples running businesses together, featuring the Harpers of Harp Vision, a Black-owned enterprise. Tyron and April Harper share insights on balancing business and relationship. Follow them on IG @HarpVision40 and visit www.harp-vision.com.
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GoDaddy launches GoDaddy Airo™, an AI-powered solution for small businesses, saving time and money. The tool offers logo design, website creation, email setup, and social media campaigns, benefiting small business owners. GoDaddy Airo™ is user-friendly and provides various features to enhance online presence and attract customers. Small businesses using GoDaddy AI tools have seen a 28% increase in sales. The tool is constantly evolving to offer the latest technology to users.
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GoDaddy announces a strategic partnership with a leading e-commerce platform to enhance online business solutions.
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GoDaddy celebrates entrepreneurial couples with Sweets & Meats BBQ success story
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GoDaddy announces partnership with leading e-commerce platform to enhance online shopping experience.
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GoDaddy's Venture Forward research initiative reveals that microbusiness owners face more challenges in marketing their business online compared to small business owners. Small business owners, on the other hand, struggle with finding skilled workers, rising costs, and networking. The study emphasizes the importance of providing resources for microbusinesses to ensure their success.
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GoDaddy Inc. (NYSE: GDDY) reported strong financial results for Q4 2023, with Applications & Commerce revenue up 13%. The company achieved a net income margin of 103% and a Normalized EBITDA margin of over 29%. Cash provided by Operating Activities increased by 43%, and Free Cash Flow rose by 51% in Q4. GoDaddy's total revenue for the full year 2023 was $4.3 billion, up 4% year-over-year, with Net Income of $1.4 billion, a 295% increase. The company showcased operational discipline, driving margin expansion and delivering compelling solutions for customers.
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GoDaddy Inc. (NYSE: GDDY) appoints Jared Sine as Chief Strategy & Legal Officer, effective March 18, 2024. Sine will oversee Strategy, Legal, Corporate, and Business Development functions, reporting to CEO Aman Bhutani. Sine brings extensive business experience from Match Group and Expedia Group, leading various legal and strategic initiatives. GoDaddy CEO Aman Bhutani expresses excitement about Sine's appointment, highlighting his expertise and potential to help entrepreneurs thrive. Sine also shares his enthusiasm for GoDaddy's mission to empower entrepreneurs through technology.
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GoDaddy (GDDY) announces new tools and insights for entrepreneurs seeking help, aiming to enhance their online presence and grow their businesses. The company's latest offerings include website design, marketing, and e-commerce solutions, providing a one-stop platform for small businesses to thrive in the digital space.
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FAQ

What is the current stock price of GoDaddy (GDDY)?

The current stock price of GoDaddy (GDDY) is $196.35 as of November 22, 2024.

What is the market cap of GoDaddy (GDDY)?

The market cap of GoDaddy (GDDY) is approximately 27.1B.

What services does GoDaddy provide?

GoDaddy offers domain registration, website hosting, security, design, business productivity tools, commerce solutions, and domain registry services.

Who are GoDaddy's primary target customers?

GoDaddy primarily targets micro- to small businesses, website design professionals, registrar peers, and domain investors.

What recent acquisitions has GoDaddy made?

GoDaddy acquired the payment processing platform Poynt in 2021 to expand its omnicommerce solutions, including online payment gateways and offline point-of-sale devices.

What is GoDaddy Venture Forward?

GoDaddy Venture Forward is a research initiative launched in 2018 that analyzes the impact of over 20 million online microbusinesses on local economies.

What financial results did GoDaddy report for Q1 2024?

GoDaddy reported strong Q1 2024 results, focusing on profitable growth, with revenue growth driven by key initiatives and innovation.

How much cash and debt does GoDaddy have?

As of March 31, 2024, GoDaddy had $664 million in cash and cash equivalents and total debt of $3.9 billion, with net debt at $3.2 billion.

What are GoDaddy's revenue expectations for 2024?

GoDaddy expects full-year 2024 revenue to be between $4.50 billion and $4.56 billion, representing a year-over-year growth of 6.5% at the midpoint.

What restructuring efforts did GoDaddy implement recently?

In Q1 2024, GoDaddy implemented restructuring efforts, including reducing its workforce by approximately 180 employees, to cut operating expenses and improve cash flow.

What are GoDaddy's plans for free cash flow in 2024?

GoDaddy expects unlevered free cash flow of at least $1.4 billion and free cash flow of at least $1.2 billion for the year 2024.

How has GoDaddy expanded its financial flexibility?

In May 2024, GoDaddy closed a $1 billion tranche of term loans maturing in 2031, refinancing and extending the maturity date of previous loans.

GoDaddy Inc

NYSE:GDDY

GDDY Rankings

GDDY Stock Data

27.06B
139.49M
0.65%
97.73%
2.48%
Software - Infrastructure
Services-computer Integrated Systems Design
Link
United States of America
TEMPE