International revenue increased 10.2% YoY to $388.8 million, exceeding the overall revenue growth rate of 7.7%. This suggests successful international expansion efforts.

The company continues to enhance the AI-powered experience with new features, such as Airo Plus Site Optimizer and Airo Site Designer. They also continue to expand commerce offerings, for example, they recently launched GoDaddy Capital, a merchant cash advance program, and Same-Day Payouts, an option for customers to elect to receive their payouts on the same day as the payment is processed.

Total Bookings increased 7.9% YoY to $1,417.0 million. This was driven by strength in domains and aftermarket, and continued customer adoption of subscription-based A&C products.

The company entered into two accelerated share repurchase agreements (ASRs) to repurchase shares of Class A common stock, with upfront payments totaling $767.4 million. This reflects management's commitment to returning capital to shareholders.

The company implemented restructuring activities to further reduce operating expenses and improve cash flows, impacting approximately 180 employees. This indicates a focus on operational efficiency.

The company continues to invest in technology and network infrastructure to accommodate current and potential increases in traffic and customer base. This demonstrates a commitment to scalability and reliability.

The company acknowledges risks associated with the development, adoption, use, deployment and maintenance of AI, such as increased intellectual property infringement, privacy, cybersecurity, and ethical concerns. This highlights the potential for reputational harm and liability.

The company discusses the rapidly evolving legal and regulatory frameworks related to AI and data privacy, including the EU AI Act and state laws in the US. Compliance with these regulations could require significant resources and adjustments to the company's offerings.

The company relies heavily on AWS for cloud infrastructure, making it vulnerable to service interruptions, delays, and outages. This dependence could disrupt operations and adversely affect the company's business.

The company acknowledges facing significant competition and the potential for competitors to offer services at low or no cost. This could result in lower sales, price reductions, and reduced margins.

The company recognizes that evolving technologies and customer behavior, such as increased reliance on mobile applications and social media, may impact the value and demand for its products, including domain names and websites.

The company notes that it and its competitors continue to invest in AI, including generative AI. The company recognizes that failure to successfully develop, adopt, use and maintain AI products and services could harm its reputation.

The company implemented restructuring activities during the three months ended March 31, 2024, to further reduce operating expenses and improve cash flows through a reduction in force, which impacted approximately 180 employees.

The company expects technology and development expenses to decrease as a percentage of revenue in future periods following a period of investment in product development and migration toward a unified infrastructure platform.

The company expects customer care expenses to fluctuate depending on the methods of customer interaction utilized as well as the level of personnel required to support the business.

The company continues to enhance the AI-powered experience with new features, such as Airo Plus Site Optimizer and Airo Site Designer. They also continue to expand commerce offerings, for example, they recently launched GoDaddy Capital, a merchant cash advance program, and Same-Day Payouts, an option for customers to elect to receive their payouts on the same day as the payment is processed.

The company recognizes the increasing reliance on mobile applications and social media and is working to integrate its products with these platforms. This reflects a commitment to adapting to changing customer behavior.

The company acknowledges risks associated with the development, adoption, use, deployment and maintenance of AI, such as increased intellectual property infringement, privacy, cybersecurity, and ethical concerns. This highlights the potential for reputational harm and liability.

The company entered into two accelerated share repurchase agreements (ASRs) to repurchase shares of Class A common stock, with upfront payments totaling $767.4 million. This reflects management's commitment to returning capital to shareholders.

In April 2025, the board of directors approved the repurchase of up to an additional $3,000 million of Class A common stock through the end of 2027. This signals continued confidence in the company's financial performance and cash flow generation.

Our investing activities generally consist of strategic acquisitions, dispositions and purchases of property and equipment to support the overall growth of our business.

The company acknowledges the importance of complying with data privacy and security regulations and is investing in measures to protect customer data. This reflects a commitment to responsible data management practices.

The company acknowledges the ethical concerns associated with AI and is working to mitigate potential harms. This reflects a commitment to responsible innovation.

The risk factors section highlights the importance of attracting and retaining qualified personnel, suggesting a focus on diversity and inclusion.

The company acknowledges that geopolitical changes, such as trade disruptions and conflicts in Ukraine and the Middle East, could impair growth prospects and adversely affect its business.

The company discusses the evolving legal and regulatory frameworks related to AI, data privacy, and the Internet in general. This creates uncertainty and potential compliance challenges.

The company recognizes that macroeconomic conditions, such as inflation, recession, and changes in interest rates, could adversely affect customer spending and demand for its products.