Welcome to our dedicated page for GoDaddy news (Ticker: GDDY), a resource for investors and traders seeking the latest updates and insights on GoDaddy stock.
GoDaddy Inc. (NYSE: GDDY) is a global leader in domain registration and web services, helping millions of entrepreneurs start, grow, and scale their businesses online. Founded with the mission to make it easy and affordable for people to get their ideas online, GoDaddy has evolved into a comprehensive platform offering domain registration, website hosting, security, design, business productivity tools, commerce solutions, and domain registry services.
GoDaddy primarily serves micro- to small businesses, website design professionals, registrar peers, and domain investors. In 2021, the company expanded its offerings by acquiring payment processing platform Poynt, enabling it to offer omnicommerce solutions, including online payment gateways and offline point-of-sale devices.
Recent Achievements and Current Projects:
- In February 2024, GoDaddy's Venture Forward research initiative, in collaboration with Nasdaq and Wells Fargo, highlighted the growing impact of women-led microbusinesses. The panel discussed challenges like access to capital and provided insights to support women entrepreneurs.
- GoDaddy reported strong financial results for Q1 2024, with a focus on sustainable growth and innovation. The company repurchased 2.8 million shares year-to-date, demonstrating solid financial health.
- GoDaddy implemented infrastructure simplifications and restructuring efforts to reduce operating expenses and improve cash flows, impacting approximately 180 employees.
- In May 2024, GoDaddy closed a $1 billion tranche of term loans maturing in 2031 to refinance and extend the maturity date of previous loans, enhancing its financial flexibility.
Financial Condition and Outlook:
As of March 31, 2024, GoDaddy had $664 million in cash and cash equivalents, total debt of $3.9 billion, and net debt of $3.2 billion. The company expects Q2 2024 revenue to range between $1.10 billion and $1.12 billion, with full-year 2024 revenue projected at $4.50 billion to $4.56 billion. GoDaddy aims for a full-year normalized EBITDA margin of approximately 29% and expects unlevered free cash flow of at least $1.4 billion.
For more information, visit GoDaddy's website or their Investor Relations page.
Aisha Rashid shares her career journey at GoDaddy, highlighting her progression from Care Sales Guide to Supervisor in the Inbound department. She emphasizes the importance of clear communication, goal-setting, and stepping out of one's comfort zone for success. Aisha's proudest moment was her promotion to Supervisor, where she earned global recognition for championing the AmplifAI coaching effectiveness initiative.
Aisha credits GoDaddy for pushing her out of her comfort zone and helping her gain confidence. She offers advice for those starting a career in Care, including preparing career goals, seeking additional opportunities, and leaning on mentors for support. The article also mentions GoDaddy's commitment to employee growth, diversity, and progression.
GoDaddy's Made in America documentary series returns for its fifth season, focusing on Ohio's entrepreneurial landscape. The series highlights the state's 490,000+ microbusinesses and showcases the impact of community partnerships and organizations like the Economic & Community Development Institute (ECDI).
The season features two inspiring stories:
- Carter's BBQ: Darren and Theresa Carter's journey from steel mill work to pursuing a passion for barbecue.
- Gray Brush Vintage Market: Lisa Brickey and Vonda Rogers' venture into vintage retail in Portsmouth, Ohio.
The series, premiering on July 25, 2024, aims to inspire and advocate for inclusive entrepreneurship, particularly in underserved communities. It showcases GoDaddy's commitment to supporting small businesses through initiatives like the Empower by GoDaddy program.
GoDaddy (GDDY) is expanding its photography network across the United States to capture stories of locally owned businesses. The company is seeking freelance photographers to shoot for websites and social media pages managed by GoDaddy. The initiative offers opportunities for both seasoned professionals and emerging talents to enhance their portfolios.
GoDaddy streamlines the process by handling customer communications, scheduling, and providing creative style guides. Photographers are not required to edit, as post-production is managed in-house. The company encourages interested photographers to apply through their provided link.
The press release also highlights an interview with Thomas Allison, a former freelance photographer who now works full-time for GoDaddy's Photography team. It mentions his experience photographing local businesses in Austin, Texas, and a two-year cycling trip from Alaska to Argentina.
GoDaddy's 2023 Sustainability Report highlights their commitment to six United Nations Sustainable Development Goals (SDGs). The company has achieved gender pay parity globally for the ninth consecutive year and ethnicity pay parity in the U.S. for the seventh year. They are committed to affordable and clean energy, using 100% renewable energy in their data centers in EMEA and Phoenix. GoDaddy promotes inclusive economic growth and entrepreneurship through initiatives like Empower by GoDaddy, which supported nearly 2,900 entrepreneurs in 2023. The company also emphasizes strong corporate governance and ethics, actively working to prevent online child sexual abuse material (CSAM).
In May, GoDaddy CFO Mark McCaffrey sat down with Jennifer Carson, owner of Sonoma Cake Creations and Sonoma Sauces. Jennifer's journey from car enthusiast to successful entrepreneur is filled with resilience and creativity. After baking a wedding cake for 400 guests, she launched Sonoma Cake Creations. Her sauce-making venture began when her dark cherry zinfandel sauce won top awards at the Sonoma County Harvest Fair. Despite hardships like the 2017 Tubbs Fire and the pandemic, Jennifer's businesses have thrived. Future plans include a brick-and-mortar store and expanding her cheesecake line nationwide. GoDaddy has supported Jennifer for over 20 years, and she looks forward to utilizing their new AI tool, GoDaddy Airo, to enhance her online presence and payment systems.
Shauna Fields, a GoDaddy employee, shares insights on her career journey, emphasizing the importance of enjoying work to stay motivated. With undiagnosed ADHD, she found joy in tasks like writing, editing, and strategizing. Shauna discusses her involvement with GD Next, an Employee Resource Group (ERG) aimed at mentorship and career growth, and her role as an Intern Buddy. She highlights her passion for mentoring, inspired by her own challenges in finding guidance early in her career. Shauna also offers advice for new GoDaddy employees, urging them to ask questions and build relationships. Outside of work, she enjoys spending time with her family and volunteering with her Girl Scout troop, seeing it as another way to support and mentor others.
GoDaddy (NYSE: GDDY) will announce its second quarter 2024 financial results on Thursday, August 1, 2024, after the U.S. stock market closes. The company will host a live webcast at 5:00 p.m. ET, accessible via GoDaddy's Investor Relations website. A recorded version of the webcast will also be available afterwards.
GoDaddy's 2023 Sustainability Report highlights the company's commitment to ethical conduct and transparency. The report outlines GoDaddy's Code of Business Conduct, which applies to all employees, contractors, and directors and covers essential topics like anti-bribery, data privacy, and anti-discrimination. The company emphasizes continuous ethics training for all staff and contractors, supported by yearly refresher courses.
In 2023, GoDaddy's ethics helpline received high marks for accessibility, scoring 87/100 for ease of reporting issues and 86/100 for management's ethical standards. The 'Be a Guardian' program, launched in 2023, incentivizes employees who exemplify good compliance practices. GoDaddy also aims to create an ethical supply chain through its Supplier Diversity Program, ensuring diverse and small business inclusion. Looking forward to 2024, the company plans to address emerging ethical issues, including the responsible use of GenAI and enhanced data protection.
GoDaddy's 2023 Sustainability Report highlights the company's commitment to content safety and freedom of expression. Emphasizing balance, GoDaddy targets harmful content while allowing diverse thoughts. The company follows strict policies outlined in its Universal Terms of Service (UTOS) against violence, child exploitation, terrorism, and fraud. GoDaddy's Content Safety team processed nearly 10,000 complaints, responding within 46 hours on average. As a member of the Tech Coalition since 2006, GoDaddy actively combats online child sexual exploitation and abuse (CSEA) using advanced technology and industry collaboration. The report underscores GoDaddy’s pledge to continue minimizing harmful content impacts and building stakeholder trust in 2024.
GoDaddy's Venture Forward initiative released its Q2 2024 newsletter, featuring key insights about small and microbusinesses. The updated Microbusiness Data Hub shows significant growth in microbusinesses, particularly in the Beauty and Health/Medical sectors. Palm Beach, FL, and Oklahoma City, OK, witnessed remarkable increases in active microbusinesses, with rural areas growing faster than suburban and urban areas.
The newsletter also highlights results from a national survey revealing increased use of Generative AI (GenAI) by microbusiness owners to enhance competitiveness. The survey found that ambitious and diverse entrepreneurs, especially Black and Hispanic, are leveraging GenAI more than others.
Despite a surge in new business formations, access to capital remains a challenge. A panel at the Milken Institute Global Conference discussed the necessity of innovative funding models to support small businesses.
Additionally, the newsletter shares data-driven insights on microbusiness trends in the U.S., U.K., Canada, and Australia, showing how these businesses are thriving in various regions.
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