Godaddy Inc - GDDY STOCK NEWS

GoDaddy Inc. (GDDY) reported robust financial results for 2022, with a total revenue of $4.1 billion, a 7.2% increase year-over-year. The company achieved notable growth in key metrics: cash provided by operating activities rose 18% to $979.7 million, and free cash flow increased 13% to $968.6 million. Net income surged 45.3% to $352.9 million. The fourth quarter saw GoDaddy signing a strategic partnership with FIS Worldpay to enhance its OmniCommerce solutions. As it enters 2023, GoDaddy expects total revenue to range between $4.250 billion and $4.325 billion, signaling a growth outlook of 5% for the year.

GoDaddy recently featured Erik Batista on the Own Your Career podcast, emphasizing his career journey within the company. Starting from a marketing background, Erik transitioned to solar sales before joining GoDaddy after the acquisition of Main Street Hub in 2018. He is now a Team Lead in Account Management Services, where he focuses on social media management for businesses. Erik highlights the importance of taking risks and pursuing passions in one’s career while busting myths about social media management being easy. The podcast aims to inspire listeners to take ownership of their career paths.

GoDaddy published a report highlighting its achievements in 2022, focusing on its commitment to empowering entrepreneurs through various social impact programs. The Empower by GoDaddy initiative celebrated its fifth anniversary, aiding underserved communities with digital training and resources. Feedback from participants indicates substantial business growth, with one entrepreneur reporting a revenue doubling. The company also introduced a Spanish-language course for entrepreneurs, resumed in-person volunteerism after two years, and plans to enhance its offerings in 2023, including daycare stipends and improved curricula. GoDaddy aims to release its 2022 Sustainability Report in Spring 2023.

GoDaddy emphasizes the importance of mentorship for underrepresented groups in tech, focusing on the Latino community. Tim Grijalva, president of GoDaddy LatinX technology, discusses the challenges faced by aspiring Latino professionals in finding mentors and sponsors. He asserts that mentorship is crucial in navigating career paths and achieving leadership roles. Grijalva shares his personal journey from a non-engineering background to leadership within GoDaddy, highlighting the value of support and guidance in professional development.

GoDaddy recently launched a blog series highlighting employees' lives beyond the workplace, emphasizing a human-first approach to work-life balance. Featured in this series is Kara Federow, a Website Security Support Supervisor based in Iowa, who articulates the significance of work-life balance for personal fulfillment, which includes hobbies, spending time with family, and the necessity of taking time off. GoDaddy fosters a supportive environment encouraging employees to prioritize self-care and personal interests, showcasing its commitment to employee well-being and work flexibility.

GoDaddy Inc. (NYSE: GDDY) announced the appointment of Srini Tallapragada and Sigal Zarmi as new independent directors, effective January 25, 2023. Their extensive experience in technology and strategic planning is expected to enhance GoDaddy's operational strategies and risk management. Tallapragada, previously with Salesforce, brings a wealth of technology expertise, while Zarmi, former CIO at Morgan Stanley, adds significant operational risk management knowledge. This change follows the resignation of directors Ryan Roslansky and Lee Wittlinger. Additionally, the company is moving forward with a declassification of its board, with class II directors to be presented for a one-year term at the upcoming shareholders' meeting.

GoDaddy highlights the experience of Richa Gandhi, a Senior Software Engineer, reflecting on her growth over seven years with the company. Richa emphasizes strong support for women in tech, citing generous maternity leave and initiatives like GDWIT. She shares her journey from frontend to backend engineering, recognizing the importance of confidence and continuous learning. Richa plans to transition into an Engineering Manager role and aims to foster community through virtual groups for women in the tech industry. The press release promotes GoDaddy’s inclusive culture and career development opportunities for women.

GoDaddy employee Jared Beauchamp discusses his dual role as an entrepreneur and a leader of Developer Experience platforms. The interview highlights Beauchamp's journey of creating a hot sauce brand named Salce, which he began in 2019, paused during the pandemic, and successfully relaunched in 2022. He aims to grow Salce by partnering with local retailers in Arizona. Beauchamp credits GoDaddy for facilitating his business with their connected commerce platform, providing essential sales channels, inventory management, and a supportive entrepreneurial community.

GoDaddy Inc. (NYSE: GDDY) will announce its fourth quarter and fiscal year 2022 financial results on February 14, 2023, after the U.S. stock market closes. Following this announcement, management will host a webinar at 5:00 p.m. Eastern Time to discuss the results. Interested participants can register for the webinar through a dedicated link. A recording of the webinar will be accessible on GoDaddy's investor relations website afterward. GoDaddy continues to support entrepreneurs with tools to grow and manage their businesses online.