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GoDaddy (GDDY)
NYSE:GDDY
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.43Last Year’s EPS
$7.85Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 25.58%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with robust growth in free cash flow and the Applications & Commerce segment. However, some challenges remain in the core platform segment and customer growth. The continued innovation and strategic capital allocation support a positive outlook.Company Guidance
During GoDaddy's third-quarter 2024 earnings call, the company highlighted several key financial metrics and strategic initiatives that underscore its growth trajectory and operational efficiency. The firm reported a 29% year-over-year increase in free cash flow, reaching $363 million, while application and commerce bookings rose by 20%, and normalized EBITDA margins expanded by over 400 basis points to 32%. Total revenue grew to $1.15 billion, marking a 7% increase, with the Applications & Commerce segment seeing a 16% revenue growth to $423 million and a segment EBITDA margin improvement to 46%. The company also emphasized the success of its pricing and bundling strategies, seamless experience improvements, and the launch of new AI-powered features. GoDaddy's strategic focus remains on maximizing free cash flow with a target of 33% normalized EBITDA margin by 2026, supported by continued investment in marketing and innovation to drive customer acquisition and retention.Strong Free Cash Flow Growth
GoDaddy reported a 29% year-over-year increase in free cash flow, reaching $363 million in Q3.
Applications & Commerce Segment Performance
Applications & Commerce bookings grew by 20%, with revenue up 16% to $423 million. The segment's EBITDA margin improved to 46%.
Normalized EBITDA Margin Expansion
Normalized EBITDA margin expanded by over 400 basis points to 32%, with a 24% growth to $367 million.
Innovations and Product Developments
GoDaddy Airo and the digital marketing suite are expanding, with Airo being available in over 180 countries and nearly 3 million customers discovering it.
Capital Allocation and Share Buybacks
The company repurchased 5.2 million shares year-to-date, reducing fully diluted shares outstanding to 144 million.
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GDDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $161.60 | $166.80 | +3.22% |
| Aug 01, 2024 | $141.41 | $151.25 | +6.96% |
| May 02, 2024 | $124.33 | $123.64 | -0.55% |
| Feb 13, 2024 | $113.03 | $111.57 | -1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GoDaddy (GDDY) report earnings?
GoDaddy (GDDY) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is GoDaddy (GDDY) earnings time?
GoDaddy (GDDY) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDDY EPS forecast?
GDDY EPS forecast for the fiscal quarter 2024 (Q4) is $1.43.
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