Godaddy Inc Stock Price, News & Analysis

GoDaddy announced a significant refinancing operation where its operating companies have allocated $1,463 million in Replacement Term Loans maturing in 2029. The proceeds will be used to refinance all outstanding Tranche B-6 Term Loans under their Second Amended and Restated Credit Agreement from February 15, 2017.

The refinancing transaction is expected to close in the fourth quarter of 2024, subject to certain conditions. The company notes that there is no guarantee the transaction will be completed as described.

GoDaddy highlights the career journey of Calvin Lenz, a Supervisor in Website Security and Sales, who has spent over 11 years with the company. Starting in Inbound Sales with no prior tech experience, Lenz evolved from feeling nervous about sales to becoming a successful leader who transformed team performance.

His notable achievement includes revitalizing an overnight sales team through 'Cal's Corner,' daily huddles where he shared sales tips, leading the team to achieve the highest sales per day across all departments. Lenz emphasizes the importance of understanding team members' unique strengths and aligning work with personal values to maximize potential.

GoDaddy's Venture Forward 2024 Annual Report reveals significant growth in microbusinesses across multiple regions. The report highlights that these small enterprises, typically with fewer than 10 employees, are creating over seven jobs per entrepreneur at the county level, up from two jobs in 2020.

Key findings show Delaware leading state growth with a 65% increase in microbusiness count, while financial services topped industry growth at 142% year-over-year. The report indicates that 51% of microbusinesses are now women-owned, a 10% increase since August 2019. Additionally, 55% are solo entrepreneurs, and 71% generate income (31% main, 40% supplemental).

The study also reveals increasing AI adoption, with 55% of owners confident in using GenAI, and 36% of GenAI users reporting increased revenue.

A new GoDaddy (NYSE:GDDY) survey reveals that 80% of Gen Z and Millennial consumers research small businesses online before making first-time purchases. The study, conducted with 1,000 U.S. consumers, highlights critical factors affecting purchasing decisions: 56% won't shop without reviews, 36.5% require preferred payment methods, and 32.5% need contact information. Additionally, 74% consider lack of recent social media updates as impacting credibility, while 73% of Gen Z and 80% of Millennials view dedicated websites as important for business credibility. Platform preferences vary, with Facebook leading among Millennials (67%) and Instagram for Gen Z (61%).

GoDaddy highlights its hybrid work culture at the Gurgaon office, which serves as a collaboration hub while most India teams work remotely. Three key leaders share their experiences: HR Operations Senior Manager Nitika Bansal emphasizes how the hybrid model improves work-life balance and strengthens professional relationships; Senior Director of Engineering Padam Jeet Singh discusses how in-person meetings enable more efficient problem-solving and team bonding; and Head of Product Neha Thapar notes how office interactions accelerate personal and professional growth. The office environment reinforces GoDaddy's 'You Belong Here' culture through meaningful collaborations and community building.

GoDaddy (NYSE:GDDY) released survey results showing 80% of Gen Z and Millennial consumers research small businesses online before making first-time purchases. Key findings reveal that 56% avoid businesses without reviews, while 74% consider lack of recent social media updates as impacting credibility. The survey shows that 73% of Gen Z and 80% of Millennials believe a dedicated website makes businesses more credible. Platform preferences differ between generations, with Facebook leading for Millennials (67%) and Instagram for Gen Z (61%). The data emphasizes the importance of maintaining an active online presence, with over 94% of both generations expecting businesses to be on social media.

GoDaddy's 2024 Annual Venture Forward report reveals strong resilience among microbusiness owners, with 75% relaunching after closures and 39% becoming their household's main income. While only 39% express confidence in the national economy, 74% remain optimistic about their business prospects. The report highlights significant impact at county level, with each entrepreneur creating an average of seven jobs, up from two in 2020.

Notable progress in diversity shows women now owning 51% of microbusinesses, up from 41% in 2019, with nearly a third serving as household breadwinners. The study also indicates 34% of microbusinesses start as side hustles, with 70% utilizing online presence for growth.

GoDaddy (NYSE: GDDY) has announced two upcoming presentations by CFO Mark McCaffrey at major technology conferences. He will speak at the UBS Global Technology Conference in Scottsdale, Arizona on December 4, 2024, at 10:15 a.m. ET, and at the Barclays Global Technology Conference in San Francisco on December 12, 2024, at 11:40 a.m. ET.

Both presentations will be accessible via live audio webcasts and post-event replays through GoDaddy's investor relations website.

Sarah Timmis, a Recruiter at GoDaddy, shares her journey in talent acquisition for the Customer Care department across EMEA regions. With a background in customer care roles since age 18, she brings firsthand experience to her recruitment responsibilities. Sarah highlights GoDaddy's supportive culture, particularly during a personal family crisis, and discusses her transition to full-time recruitment during the pandemic. Her role includes handling high-volume recruiting for Customer Care and Sales teams, attending job fairs, and representing GoDaddy's mission to potential candidates.