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) provides essential tools for entrepreneurs to build and grow online businesses through domain services, web hosting, and AI-powered solutions. This news hub delivers official updates and third-party analysis about the company’s strategic direction, product innovations, and market performance.
Access real-time information on earnings announcements, leadership changes, technology partnerships, and service expansions. Investors will find filings-related updates while business owners discover tools like GoDaddy Airo AI enhancements and ecommerce feature rollouts. Media professionals gain insights into industry trends shaped by the company’s 21M+ customer ecosystem.
Content spans quarterly financial results, cybersecurity initiatives, acquisitions, and corporate responsibility programs. Bookmark this page for verified updates about domain industry developments, web hosting infrastructure improvements, and integrations supporting small business digital growth.
GoDaddy has initiated a $250 million accelerated share repurchase agreement with Goldman Sachs as part of its broader $750 million repurchase program. This buyback underscores GoDaddy's commitment to shareholder value, with approximately 6.9 million shares repurchased in 2021, representing 4% of total shares outstanding. Since January 2020, the total buyback will stand at about 16.9 million shares, or over 9% of total shares. The final settlement of this agreement is anticipated in Q3 2021.
GoDaddy reported strong Q2 2021 results, with total revenue hitting $931.3 million, up 15.5% year-over-year. Net income improved significantly to $46.9 million, compared to a loss of $673.2 million in 2020. Operating cash flow increased 24.6% to $209.4 million, while unlevered free cash flow rose 27.5% to $237.0 million. GoDaddy also launched several new products, including GoDaddy Payments, and expects Q3 revenue of about $945 million, reflecting 12% growth.
GoDaddy (NYSE: GDDY) announced a collaboration with UCLA Anderson Forecast, utilizing GoDaddy's Venture Forward data to analyze the impact of online microbusinesses on local economies. The study highlights how these businesses have adjusted during the pandemic and provides insights into their distribution and growth factors in the U.S. The pioneering index uniquely tracks microbusiness activity at various levels and aims to inform policymakers on enhancing economic resilience.
GoDaddy (NYSE: GDDY) has announced a new integration with Google that allows its customers to enhance their online visibility. This feature enables GoDaddy customers to create Google Merchant Center accounts directly from their Online Store, sync their product catalogs, and launch Smart Shopping campaigns across various Google platforms, including Search, Images, Maps, YouTube, and Gmail. By taking advantage of these resources, small businesses can optimize their marketing efforts and enhance sales growth. Additionally, eligible customers can receive up to $150 in ads credit for their initial Smart Shopping campaigns.
GoDaddy (NYSE: GDDY) has launched List for Sale, a new service allowing customers to easily list and sell unused domain names. This free tool offers users a straightforward three-step process to price their domain, create a landing page, and publish their listing on Afternic. Notably, the average sale price of a domain on Afternic is $2,000, with the highest sale recorded at $57,500. Customers only incur a commission fee of 10-20% upon sale. This initiative aims to help users profit from dormant domains, enhancing GoDaddy's value proposition.
GoDaddy Inc. (NYSE: GDDY) will disclose its financial results for Q2 on August 4, 2021, after market close. The company's management will hold a conference call at 5:00 p.m. Eastern Time to discuss the earnings. Interested parties can register for the call and access the webcast via GoDaddy's investor relations website. GoDaddy continues to provide tools and services to support entrepreneurs in building their online presence and enhancing their business success.
GoDaddy Inc. (NYSE: GDDY) announced its collaboration with Mastercard (NYSE: MA) to enhance the Venture Forward initiative, aimed at assessing the economic impact of online microbusinesses. This partnership grants City Possible members access to valuable data, providing insights into local economies affected by microbusinesses. GoDaddy has gathered data from over 20 million microbusinesses, analyzing effects across 30,000+ zip codes and 900+ city regions. This information supports local governments in fostering inclusive economic growth.
GoDaddy Inc. (NYSE: GDDY) has launched GoDaddy Payments, a new payments solution designed for customers of GoDaddy Websites + Marketing and Managed WordPress WooCommerce. This solution allows users to handle all commerce transactions directly through GoDaddy.
Built using technology acquired from Poynt, the service offers quick setup and next-day fund deposits, streamlining payment processes. It integrates with various tools, enabling users to manage orders and payments from a single dashboard. GoDaddy Payments supports major credit cards with no hidden fees and is part of an expanding commerce platform.
GoDaddy (GDDY) announced that CEO Aman Bhutani and CFO Ray Winborne will present at the 49th Annual J.P. Morgan Technology, Media, and Telecom Conference on May 26, 2021, at 1:25 p.m. EDT. A live audio webcast will be available on GoDaddy's investor relations website, which will also host a replay after the presentation.
GoDaddy aims to empower entrepreneurs with tools to succeed online, providing resources to build websites, attract customers, and manage their businesses effectively.
GoDaddy Inc. (NYSE: GDDY) announced the appointment of Michele Lau as Chief Legal Officer and Mark McCaffrey as Chief Financial Officer. Lau, effective July 12, 2021, previously served at McKesson Corporation, while McCaffrey will begin his role on June 2, 2021, coming from PricewaterhouseCoopers. Both executives bring extensive experience to their new positions, with Lau focusing on legal strategy and governance, and McCaffrey having a strong background in financial consulting for technology firms. Their appointments replace retiring executives, aiming to enhance GoDaddy's future growth.
