GoDaddy Inc.

GDDY
Sector

Technology

Industry

Software - Infrastructure

Market Cap

$28.13B

Employees

6.2K

Company Overview

GoDaddy is a global leader serving entrepreneurs by providing easy-to-use products in a one-stop shop solution alongside personalized guidance. The company's core business model revolves around domain name registration, website building, and hosting services, with additional revenue streams from commerce and productivity solutions. GoDaddy holds a strong market position, boasting a large customer base and brand recognition, particularly in the U.S., and has a significant international presence.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenue increased by 7.3% year-over-year to $1,124.5 million. A&C revenue increased 15.3% to $405.6 million, while Core platform revenue increased only 3.2% to $718.9 million. This indicates A&C is the primary driver of revenue growth.

Net income increased by 76.1% year-over-year to $146.3 million for the three months ended June 30, 2024. This is a substantial improvement in profitability compared to the same period last year.

Total costs and operating expenses decreased from $928.5 million to $916.3 million year-over-year. This decrease in expenses contributed to the increase in operating income.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights