Godaddy Inc Stock Price, News & Analysis

GoDaddy and Worldpay from FIS have introduced Commerce 360, an all-in-one omnichannel solution aimed at simplifying sales for small retail businesses, both online and offline. This partnership combines GoDaddy's user-friendly business tools with the expertise of Worldpay, the largest payment acquirer. Commerce 360 enables small businesses to accept payments across various channels, including online marketplaces and social media, while providing a custom website and merchant dashboard for easy management. The goal is to empower smaller enterprises with the latest technology to enhance customer experiences.

GoDaddy recently highlighted the significant role of Black microbusiness owners in entrepreneurship through its Venture Forward initiative. Findings reveal these entrepreneurs are driven to support their communities and exhibit strong optimism about their businesses' futures. To celebrate Black History Month, GoDaddy featured video advice from four Black entrepreneurs, encouraging others to embrace confidence, surround themselves with supportive networks, and lead with courage. With over 21 million customers, GoDaddy is committed to fostering inclusive opportunities. For more insights, visit GoDaddy's website.

GoDaddy emphasizes its commitment to diversity and inclusion in the workplace through initiatives like the Empower by GoDaddy program. Highlighted in a recent event for Black History Month, Desmond Sweet, Learning Program Manager, advocates for the Black in Technology community and supports entrepreneurs from underserved backgrounds. The program aims to provide digital skills training and mentoring, exemplified by a workshop where participants learned to publish their websites. GoDaddy underscores its mission to make technology accessible, enabling diverse communities to thrive in the entrepreneurial landscape.

GoDaddy launched Empower by GoDaddy, a global social impact program aimed at assisting entrepreneurs. The initiative focuses on providing training, resources, and networking opportunities tailored to local community needs. Employee volunteers share expertise in marketing and website development to help small businesses thrive. Volunteers Katherine Islim and Dinkar Jaitly emphasized the program's value in enhancing user understanding and product application. The initiative aims to bridge gaps in resources for entrepreneurs, fostering inclusive opportunities for business growth.

GoDaddy employee Ishmael Obleton shares his journey and experiences in a recent employee spotlight. With over twelve years at the company, Obleton emphasizes community, diversity, and teamwork as core values. He actively participates in Employee Resource Groups (ERGs), which foster a sense of belonging and community engagement. Outside his professional role as a Software Development Engineer, Obleton enjoys coaching sports and highlights the importance of Black History Month in recognizing the contributions of Black Americans. He expresses optimism about increasing minority representation in technology over the next decade.

On February 23, 2023, GoDaddy (NYSE: GDDY) launched Payable Domains, enabling small business owners to accept payments through newly registered domains. This innovation allows users to create shareable links for secure transactions without needing a website. Payable Domains is integrated with GoDaddy Payments, featuring low transaction fees of 2.3% + $0.30. The initiative aims to enhance the utility of domain names, allowing entrepreneurs to establish an online presence quickly. GoDaddy's efforts reflect a commitment to simplifying commerce solutions for small businesses, further strengthening its suite of connected commerce tools.

GoDaddy Inc. (NYSE: GDDY) will participate in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 6, 2023, at 12:10 p.m. ET. The presentation will feature Aman Bhutani, CEO, and Mark McCaffrey, CFO. A live audio webcast and subsequent replay will be accessible via GoDaddy's investor relations website.

GoDaddy assists millions of entrepreneurs worldwide in launching and managing their businesses through user-friendly tools, including website creation, payment processing, and online sales support.

GoDaddy employee Lee Glasgow discusses his role as a Senior UX Engineer and his entrepreneurial ventures. With over 16 years at GoDaddy, Glasgow emphasizes the supportive environment that fosters creativity. He runs two Etsy shops, focusing on digital and physical products sourced from his passion for woodworking and gaming. Glasgow aims to transition customers from Etsy to his personal website to avoid fees and gain greater control. He credits GoDaddy's Managed WordPress and WooCommerce for helping establish his online presence and expresses a commitment to continual learning and improvement.

GoDaddy Inc. (GDDY) reported robust financial results for 2022, with a total revenue of $4.1 billion, a 7.2% increase year-over-year. The company achieved notable growth in key metrics: cash provided by operating activities rose 18% to $979.7 million, and free cash flow increased 13% to $968.6 million. Net income surged 45.3% to $352.9 million. The fourth quarter saw GoDaddy signing a strategic partnership with FIS Worldpay to enhance its OmniCommerce solutions. As it enters 2023, GoDaddy expects total revenue to range between $4.250 billion and $4.325 billion, signaling a growth outlook of 5% for the year.