Core Insights - GoDaddy has partnered with Ethereum Name Service (ENS) to allow users to connect their GoDaddy domains with ENS names for free, marking a significant advancement in integrating DNS with blockchain technology [1][2][3] Company Overview - GoDaddy is a global leader in domain registration and web hosting, assisting millions of entrepreneurs in starting, growing, and scaling their businesses [4] - The company provides tools for naming ideas, building websites, attracting customers, and managing online sales [4] Industry Context - The Domain Name System (DNS) translates domain names into IP addresses, while ENS converts complex wallet addresses into human-readable names, enhancing user experience and security [2] - The integration of GoDaddy domains with ENS aims to create a more secure, decentralized, and user-friendly internet, facilitating the management of digital assets [3][5] Technological Advancements - ENS has introduced new smart contracts to streamline the resolution process of domain names at the DNS top-level domain level, enabling cost-free verification of DNS records [2] - This integration simplifies the user experience and fosters trust in digital identities, allowing domain owners and crypto wallet holders to link their assets effortlessly [3]

The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering (IPO) on April 1, 2015 in New York City.Activist investor Starboard Value on Wednesday sent a letter to web-services company GoDaddy, urging management to continue moving "in the right direction" by setting specific and realistic growth targets and providing investors with more detail on how management will improve margins.Starboard has a more than 6% stake in the company, and has ...

Believes that Opportunities Continue to Exist to Significantly Improve GoDaddy's Combination of Growth and Profitability Views the Company's Recent Disclosure of Improved Profitability Targets as a Step in the Right Direction Believes GoDaddy Remains Undervalued with an Opportunity for Significant Shareholder Value Creation Intends to Closely Monitor the Company's Upcoming Q4 FY23 Earnings Call and March 2024 Investor Day to Ensure that Appropriate Operating and Financial Targets Are Set for the Near, Mediu ...

TEMPE, Ariz., Jan. 22, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (each, a subsidiary of GoDaddy Inc. and together, the "Borrowers") closed the previously announced credit agreement refinancing. In connection with the closing, the Borrowers entered into a Tenth Amendment (the "Tenth Amendment") to the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented or otherwise modified, ...

TEMPE, Ariz., Jan. 10, 2024 /PRNewswire/ -- GoDaddy Inc. (NYSE: GDDY) today announced Go Daddy Operating Company, LLC and GD Finance Co, LLC (together with Go Daddy Operating Company, LLC, the "Borrowers") allocated a $1,752 million tranche (the "Replacement Term Loans") of term loans maturing in 2029, the proceeds of which will be used to refinance all outstanding Tranche B-5 Term Loans under the Second Amended and Restated Credit Agreement, dated as of February 15, 2017 (as amended, restated, supplemented ...

GoDaddy, Inc. (NYSE:GDDY) Q3 2023 Earnings Conference Call November 3, 2023 5:00 PM ET Company Participants Christie Masoner - Vice President, Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Vikram Kesavabhotla - Baird Trevor Young - Barclays Matthew Pfau - William Blair Christopher Kuntarich - UBS Naved Khan - B. Riley Ella Smith - JPMorgan Ygal Arounian - Citi Ken Wong - Oppenheimer Deepak Mathivanan - Wolfe Christie Masoner G ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-36904 GoDaddy Inc. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

GoDaddy Inc. (NYSE:GDDY) Q2 2023 Earnings Call Transcript August 3, 2023 5:00 PM ET Company Participants Christie Masoner - Head, Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Matt Pfau - William Blair Vikram Kesavabhotla - Baird Trevor Young - Barclays Naved Khan - B. Riley Ygal Arounian - Citi Christie Masoner Good afternoon, and thank you for joining us for GoDaddy's Second Quarter 2023 Earnings Call. I'm Christie Masone, H ...

Financial Performance - GoDaddy reported a significant increase in revenue, reaching $1.1 billion for the quarter ended June 30, 2023, representing a year-over-year growth of 10%[2]. - Total revenue for Q2 2023 was $1,048.1 million, a 3.0% increase from $1,015.5 million in Q2 2022[12]. - Net income attributable to GoDaddy Inc. for Q2 2023 was $82.9 million, compared to $90.4 million in Q2 2022, reflecting a decrease of 8.3%[12]. - Operating income for Q2 2023 was $119.6 million, a slight decrease from $124.6 million in Q2 2022, representing a decline of 4.0%[12]. - Comprehensive income attributable to GoDaddy Inc. for Q2 2023 was $104.7 million, compared to $114.5 million in Q2 2022, a decrease of 8.0%[14]. - Net income for the quarter ended June 30, 2023, was $82.9 million, an increase from the previous quarter's $47.3 million[18]. - Total revenue for the three months ended June 30, 2023, was $1,048.1 million, compared to $1,015.5 million in the same period last year[121]. - Net income decreased by 8.2% to $83.1 million[121]. Customer Metrics - The company added approximately 200,000 new customers during the quarter, bringing the total customer count to 20 million, which is a 5% increase compared to the previous year[2]. - GoDaddy's customer retention rate remains high at 80%, demonstrating strong customer loyalty and satisfaction[2]. - Total customers at period end reached 20,985 thousand, an increase from 20,876 thousand[122]. - Average revenue per user (ARPU) increased to $199 from $193 year-over-year[122]. Revenue Segmentation - Revenue from Applications and Commerce (A&C) segment was $351.7 million for the three months ended June 30, 2023, compared to $317.2 million for the same period in 2022, reflecting an increase of 10.9%[33]. - The Core Platform segment generated $492.7 million in revenue for the three months ended June 30, 2023, up from $485.0 million in the prior year, representing a growth of 1.4%[33]. - Core segment revenue for Q2 2023 was $696.4 million, slightly down from $698.3 million in Q2 2022, a decrease of 0.3%[110]. - A&C segment revenue grew by 11% for the three months ended June 30, 2023, reaching $351.7 million, driven by a 10.5% increase in productivity applications revenue[153]. Expenses and Costs - Technology and development expenses for Q2 2023 were $219.2 million, up from $198.1 million in Q2 2022, an increase of 10.6%[12]. - Cost of revenue (excluding depreciation and amortization) increased by 7.7% to $388.4 million for the three months ended June 30, 2023, primarily due to higher software licensing fees and increased domain costs[137]. - Marketing and advertising expenses decreased by 11.1% to $89.5 million for the three months ended June 30, 2023, primarily due to lower discretionary spending[141]. - General and administrative expenses decreased by 2.1% to $92.7 million for the three months ended June 30, 2023, mainly due to decreased acquisition-related expenses[144]. - Depreciation and amortization expenses decreased by 10.1% to $43.5 million for the three months ended June 30, 2023, primarily due to certain acquired intangibles reaching the end of their useful lives[149]. Cash Flow and Assets - Cash and cash equivalents decreased to $582.6 million as of June 30, 2023, down from $774.0 million at the end of 2022, a decline of 24.7%[9]. - Total current assets decreased to $1,411.8 million as of June 30, 2023, down from $1,582.6 million at the end of 2022, a decline of 10.8%[9]. - Operating cash flow for the quarter was $468.3 million, a decrease from $501.8 million in the same quarter of the previous year, indicating a decline of approximately 6.6%[22]. - Net cash provided by operating activities decreased by 21.1% to $198.0 million[119]. Debt and Liabilities - Total liabilities increased to $6,793.9 million as of June 30, 2023, compared to $6,973.5 million at the end of 2022, a decrease of 2.6%[9]. - Long-term debt as of June 30, 2023, amounted to $3,888.7 million, slightly down from $3,901.3 million at the end of 2022[60]. - The company has a substantial level of indebtedness and must manage its ability to repay debt effectively[4]. Strategic Initiatives - GoDaddy is focusing on expanding its product offerings, with plans to launch three new solutions in the next quarter aimed at enhancing customer experience[2]. - The company has initiated a strategic partnership with a leading e-commerce platform to enhance its market presence and customer acquisition efforts[2]. - The restructuring plan announced in February 2023 aims to reduce future operating expenses and improve cash flows, involving a reduction in force and asset sales[38]. - The company is actively exploring potential acquisition opportunities to bolster its service offerings and market share[2]. Future Outlook - The company anticipates revenue growth of 8-10% for the upcoming quarter, projecting total revenue between $1.12 billion and $1.14 billion[2]. - Future expectations regarding revenue, cost of revenue, and operating expenses are subject to changes in technology and market conditions[4]. - The company plans to continue its efforts in international growth and managing foreign currency exchange rate fluctuations[4].

GoDaddy Inc. (NYSE:GDDY) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Christie Masoner - Head, Investor Relations Aman Bhutani - Chief Executive Officer Mark McCaffrey - Chief Financial Officer Conference Call Participants Matt Pfau - William Blair Trevor Young - Barclays John Byun - Jefferies Clarke Jeffries - Piper Sandler Aaron Kessler - Raymond James Mark Zgutowicz - The Benchmark Company Ygal Arounian - Citi Ella Smith - JPMorgan Christie Masoner Good afternoon, and than ...