Sector: Technology|Industry: Software - Infrastructure|Market Cap: $28.13B|Employees: 6.2K
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.
Total revenue increased to $4,573.2 million, a 7.5% increase compared to the prior year's 8% growth, suggesting a deceleration. This may indicate increasing competition or maturing market dynamics impacting GoDaddy's ability to maintain high growth rates.
Normalized EBITDA reached $1,395.9 million, a 23.0% increase, reflecting successful cost management and operational improvements. This metric excludes non-recurring items providing a clearer view of core profitability.
Net income declined to $936.9 million, a 31.9% decrease, primarily due to a significant one-time non-cash income tax benefit in the prior year. This decline doesn't necessarily indicate weakening business fundamentals, but rather a normalization after an unusual tax event.