Godaddy Inc Stock Price, News & Analysis

GoDaddy (GDDY) announced the retirement of Independent Chair Chuck Robel effective at the 2023 annual stockholders' meeting. Robel, who has been on the Board since May 2014 and Chair since 2015, will ensure a smooth transition to Brian Sharples, a Board member since 2016, as the new Chair effective September 30, 2022. CEO Aman Bhutani acknowledged Robel's significant contributions during his tenure, while Sharples expressed enthusiasm for continuing strategic initiatives. Robel will remain a director until the upcoming annual meeting.

GoDaddy (GDDY) has launched the Microbusiness Data Hub, providing access to over 20 million microbusiness data sets across the U.S. and Great Britain. This initiative aims to assist policymakers, researchers, and entrepreneurs by offering five unique datasets, including microbusiness density and activity indices. The hub will be updated quarterly, further enriching the data available. GoDaddy's Venture Forward initiative continues to support economic development by highlighting the often-overlooked contributions of microbusinesses to local economies.

GoDaddy launched a new multi-channel campaign celebrating the entrepreneurial journeys of its customers: Hinterland Skis, the fileist, and The Furlough Cheesecake. This initiative highlights their unique business stories and showcases the support and tools provided by GoDaddy, such as GoDaddy Payments, which offers competitive fees and expert assistance. Notable achievements of these businesses include opening brick-and-mortar stores, receiving patents, and achieving significant sales milestones. GoDaddy aims to inspire entrepreneurs by promoting their customers' 'firsts' and reinforcing its commitment to small business success.

GoDaddy (NYSE: GDDY) announced that CEO Aman Bhutani and CFO Mark McCaffrey will participate in the Wolfe Research 2nd Annual TMT Conference in San Francisco on September 7, 2022, and the Evercore ISI 2nd Annual Technology Conference in New York City on September 8, 2022, at 12:45 p.m. ET. A live audio webcast and replay of the presentation will be available on GoDaddy's investor relations website. GoDaddy aims to empower entrepreneurs by providing tools for success online and in-person. For more details, visit www.GoDaddy.com.

GoDaddy reported strong Q2 2022 results, with revenue up 9% year-over-year to $1,015.5 million and net income up 93% to $90.5 million. Normalized EBITDA rose 30% to $258.4 million. The company repurchased $1 billion of shares year-to-date, enhancing shareholder value. Notably, annualized recurring revenue for applications and commerce grew 12% to $1.2 billion. Looking ahead, GoDaddy projects Q3 2022 revenue between $1.030 billion and $1.045 billion, reflecting an 8% growth forecast.

GoDaddy Inc. (NYSE: GDDY) will announce its second-quarter financial results on August 3, 2022, after the US stock market closes. Following the release, a conference call will be held at 5:00 p.m. Eastern Time to discuss the results. Investors can register for the call and access a live webcast on GoDaddy's investor relations website. This announcement follows GoDaddy's mission to empower entrepreneurs by providing essential tools to thrive online.

GoDaddy (GDDY) announced a partnership with mySidewalk to launch a tool providing U.S. policymakers with economic impact data on over 20 million microbusinesses. The tool generates tailored reports quickly, enabling users to compare data across communities. This initiative, part of GoDaddy's Venture Forward research, aims to support local economic development efforts. The collaboration also allows mySidewalk subscribers to access GoDaddy's data alongside their extensive community data library, enhancing insights for better community planning.

GoDaddy (GDDY) has partnered with INKY, a leader in cloud-based email security, to enhance its Advanced Email Security (AES) solution for Microsoft 365 users. This strategic collaboration will replace GoDaddy's previous secure email gateway, integrating INKY's advanced anti-phishing capabilities. The partnership aims to protect customers from evolving email threats, benefiting various business sizes globally. INKY's solution is designed for user-friendliness and increased security, utilizing AI to combat sophisticated cyber threats effectively. This initiative underscores GoDaddy's commitment to providing robust protection for entrepreneurs.