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.
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GoDaddy (GDDY) supports small businesses and emphasizes their importance in our daily lives. The company highlights the significance of supporting small businesses and the impact it has on the community.
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GoDaddy (GDDY) announces partnership with leading e-commerce platform to expand online presence
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GoDaddy (GDDY) - Sr. Director of Venture Forward, Alexandra Rosen, presented 'The Macro Impact of Microbusinesses: How Digital Entrepreneurs Power Our Local Economies' at TENWEST, highlighting the importance of microbusinesses in Tucson and Arizona. With over 50,000 microbusinesses in Tucson and 630,000 online microbusinesses in Arizona, Rosen emphasized the challenges of marketing online, accessing capital, and creating a website for microbusiness entrepreneurs.
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GoDaddy (GDDY) - Venture Forward research initiative releases latest US report. The report reveals that Black entrepreneurs own 15% of US microbusinesses, with 68% of those owned by Black women. The research found that Generation X makes up the largest group of entrepreneurs at 41% of the total. Additionally, nearly one in six microbusiness owners earn more than $100,000 annually, and nearly three out of ten women with a microbusiness are the breadwinners in their home. The report also highlights that entrepreneurship is becoming more diverse, with 29% of U.S. microbusinesses now owned by respondents identifying as Black, African American, Asian, Pacific Islander, American Indian, Alaska Native or multiracial entrepreneurs, compared to 17% in 2019. The report provides valuable insights into the attitudes, demographics, and needs of the entrepreneurs behind the more than 20 million online microbusinesses surveyed.
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GoDaddy - Empower by GoDaddy Program Empowers Small Business Entrepreneurs with AI Technology. The company has democratized access to precise information through GenAI, supporting historically overlooked entrepreneurs with small business workshops, mentorship, and technology resources. The program has aided entrepreneurs like Ade McCray in utilizing AI tools to develop business plans and advertising strategies.
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GoDaddy (GDDY) - UK Microbusiness Owners Less Optimistic, According to GoDaddy's Venture Forward Research Initiative
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GoDaddy (GDDY) Announces Expansion into E-commerce Market with New Platform Launch
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GoDaddy Inc. (NYSE: GDDY) CFO to present at RBC 2023 Capital Markets Global Technology, Internet, Media & Telecommunications Conference, UBS 27th Annual Technology, Media & Telecom Conference, and Barclays Global Technology Conference. Live webcasts and audio replays available on GoDaddy's investor relations website.
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GoDaddy (NYSE:GDDY) introduces the GoDaddy 2023 Gift Guide, a curated collection of unique and authentic products from small businesses across the United States. The guide showcases exceptional gifts, making it easier for shoppers to support small businesses and discover one-of-a-kind items.
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GoDaddy (NYSE: GDDY) introduces the 2023 Gift Guide, a collection of unique products from small businesses in the United States, making it easier for shoppers to support small businesses this holiday season.
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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
United States of America
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