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.
GoDaddy reported strong Q2 2022 results, with revenue up 9% year-over-year to $1,015.5 million and net income up 93% to $90.5 million. Normalized EBITDA rose 30% to $258.4 million. The company repurchased $1 billion of shares year-to-date, enhancing shareholder value. Notably, annualized recurring revenue for applications and commerce grew 12% to $1.2 billion. Looking ahead, GoDaddy projects Q3 2022 revenue between $1.030 billion and $1.045 billion, reflecting an 8% growth forecast.
GoDaddy Inc. (NYSE: GDDY) will announce its second-quarter financial results on August 3, 2022, after the US stock market closes. Following the release, a conference call will be held at 5:00 p.m. Eastern Time to discuss the results. Investors can register for the call and access a live webcast on GoDaddy's investor relations website. This announcement follows GoDaddy's mission to empower entrepreneurs by providing essential tools to thrive online.
GoDaddy (GDDY) announced a partnership with mySidewalk to launch a tool providing U.S. policymakers with economic impact data on over 20 million microbusinesses. The tool generates tailored reports quickly, enabling users to compare data across communities. This initiative, part of GoDaddy's Venture Forward research, aims to support local economic development efforts. The collaboration also allows mySidewalk subscribers to access GoDaddy's data alongside their extensive community data library, enhancing insights for better community planning.
GoDaddy (GDDY) has partnered with INKY, a leader in cloud-based email security, to enhance its Advanced Email Security (AES) solution for Microsoft 365 users. This strategic collaboration will replace GoDaddy's previous secure email gateway, integrating INKY's advanced anti-phishing capabilities. The partnership aims to protect customers from evolving email threats, benefiting various business sizes globally. INKY's solution is designed for user-friendliness and increased security, utilizing AI to combat sophisticated cyber threats effectively. This initiative underscores GoDaddy's commitment to providing robust protection for entrepreneurs.
On May 9, 2022, GoDaddy (NYSE: GDDY) announced its participation in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston. CEO Aman Bhutani and CFO Mark McCaffrey will present on May 23, 2022, at 11:20 a.m. ET. A live audio webcast will be available on GoDaddy's investor relations website, with a replay afterward. GoDaddy aims to empower everyday entrepreneurs with tools to succeed online and manage their businesses effectively.
GoDaddy reported a 11% increase in revenue for Q1 2022, totaling $1,002.7 million. The company announced a $250 million share repurchase plan, reinforcing its commitment to returning value to shareholders. Notable growth was seen in applications and commerce revenue, which rose by 15.7%, and gross merchandise volume increased over 20% year-over-year. GoDaddy targets Q2 revenues of $1.01 billion to $1.02 billion, projecting a year-over-year growth of 9%.
GoDaddy (GDDY) and Naomi Osaka unveiled a new website for Play Academy, aimed at empowering girls through sports. Launched on April 18, 2022, the site is available in English and Japanese, centralizing efforts from local organizations in Haiti, Japan, and Los Angeles. This project is part of a broader initiative founded in 2020, which provides grants and training for community sports organizations. GoDaddy has committed $25,000 to support this cause, while Osaka highlighted the importance of expanding girls' participation in sports and building confidence through play.
GoDaddy announces the launch of the video series 'This is Where We Stand' highlighting the resilience of microbusinesses post-pandemic. With 30% of businesses surveyed starting since 2020, the series emphasizes the evolution of entrepreneurship. GoDaddy's Venture Forward initiative reveals a 22% increase in female-owned businesses and a 44% rise in Black ownership. The stories will showcase entrepreneurs who pivoted during challenging times, featuring diverse businesses from across the U.S. The series will debut throughout April 2022.
GoDaddy Inc. (GDDY) will announce its first-quarter financial results on May 4, 2022, after the market closes. A conference call will take place at 5:00 p.m. Eastern Time to discuss the earnings. Investors can register for the call through the provided links, with a live webcast available on GoDaddy's investor relations website. This announcement is key for investors looking for insights into GoDaddy's performance and future outlook.
GoDaddy (GDDY), a company dedicated to empowering entrepreneurs, announced that CEO Aman Bhutani and CFO Mark McCaffrey will present at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 7, 2022, at 10:20 a.m. PT. A live audio webcast of the presentation will be available on their investor relations website, with an audio replay to follow. GoDaddy provides digital tools to help entrepreneurs succeed online and in-person.
FAQ
What is the current stock price of GoDaddy (GDDY)?
What is the market cap of GoDaddy (GDDY)?
What services does GoDaddy provide?
Who are GoDaddy's primary target customers?
What recent acquisitions has GoDaddy made?
What is GoDaddy Venture Forward?
What financial results did GoDaddy report for Q1 2024?
How much cash and debt does GoDaddy have?
What are GoDaddy's revenue expectations for 2024?
What restructuring efforts did GoDaddy implement recently?
What are GoDaddy's plans for free cash flow in 2024?
How has GoDaddy expanded its financial flexibility?
