Financial PerformanceGoDaddy outperformed on the profitability front with adjusted EBITDA margin over 120 basis points ahead of prior guidance and unlevered free cash flow margin 220 basis points ahead of the Street.
Product InnovationGoDaddy's product innovations, such as converting a URL into a website, are expected to increase ease of use, engagement, and conversion.
Revenue GrowthGoDaddy's fourth-quarter revenue grew 8.4% and came in $17.6 million ahead of the midpoint of guidance, fueled by application and commerce growth.