GoDaddy Inc - $GDDY STOCK NEWS

In a recent survey by GoDaddy, it was found that 50% of microbusiness owners in the US have used generative artificial intelligence (GenAI) tools in the past few months. 44% of microbusinesses believe that GenAI helps them compete with larger businesses. Usage of GenAI varies across demographic groups, with young and Black microbusiness owners being more likely to use it. Black-owned microbusinesses are almost twice as likely to use GenAI for customer service compared to white-owned microbusinesses.

GoDaddy's study reveals valuable mindset advice for aspiring entrepreneurs in The Ultimate Guide to the Entrepreneurial Mindset. The guide covers building confidence, developing resilience, mastering time management, cultivating a growth mindset, and more. Alongside the guide, GoDaddy Airo™, an AI-powered experience, helps entrepreneurs launch a business efficiently.

GoDaddy Inc. (NYSE: GDDY) will be presenting at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2024, and participating in the 3rd Annual Evercore ISI Nothing But Net Internet Investors Summit on May 29, 2024. Aman Bhutani, CEO, and Mark McCaffrey, CFO, will represent GoDaddy at these events.

GoDaddy Inc. reported positive financial results for the first quarter of 2024, with total revenue of $1.1 billion, up 7% year-over-year. The company witnessed growth in applications and commerce revenue, as well as core platform revenue. Total bookings increased by 9%, and net cash provided by operating activities saw a 10% rise. The company reported a net income of $401.5 million, up 747% year-over-year. GoDaddy expects continued growth for the second quarter and full year 2024.

GoDaddy launches Empower by GoDaddy, a social impact program supporting underserved entrepreneurs, partnering with 12 organizations to offer mentoring, education, and networking in 2024. The program aims to increase digital knowledge and build relationships among entrepreneurs.

GoDaddy integrates Gmail and Microsoft 365 into Conversations, providing small businesses with a unified inbox to track conversations across channels, respond quickly, and improve customer satisfaction. This integration saves time for entrepreneurs by allowing them to access all their communication channels in one place.

Abbey Foster Jacobson, part of GoDaddy's ESG team, has successfully reduced GHG emissions by 50% from a 2019 baseline at the end of 2023. GoDaddy aims to enhance its ESG prioritization assessment in 2024 and beyond while focusing on reducing environmental impact further.

GoDaddy Small Business LinkedIn Group is hosting a series of events to celebrate Small Business Week from April 29th to May 3rd, 2024. The events feature industry veterans and thought leaders sharing insights on various topics, aiming to help small business owners enhance their social media presence, understand the importance of diversity in business, and explore the potential of Generative AI for small businesses.

GoDaddy's 2023 Sustainability Report highlights the company's commitment to empowering entrepreneurs through innovative technology and inclusive opportunities. Key takeaways include the launch of GoDaddy AiroTM, Venture Forward research insights, employee initiatives, and environmental achievements. GoDaddy's focus on diversity, equity, and inclusion is evident in its culture and operations, with a strong emphasis on ethical practices and sustainability goals.