Godaddy Inc Stock Price, News & Analysis

GoDaddy reported strong Q4 and full-year 2021 financial results, achieving over $1 billion in quarterly revenue for the first time. Fourth-quarter revenue totaled $1,019.3 million, a 16.6% increase year-over-year, contributing to a full-year revenue of $3,815.7 million, up 15%. The company announced a $3 billion share repurchase plan and grew its annual recurring revenue (ARR) from its 'Create and Grow' products by 19%. For 2022, GoDaddy projects revenue between $4.14 billion and $4.16 billion, representing a 9% growth. Net income improved significantly, reaching $242.8 million for the year.

GoDaddy (NYSE: GDDY) announced its short film Big Water Summer: A Creation Story has been selected for the SXSW Film Festival. The film tells the story of Cherilyn Yazzie, a Navajo Nation entrepreneur, as she navigates crop challenges, drought, and pandemic hardships while operating her farm, Coffee Pot Farms. GoDaddy highlights the resilience of small business owners adapting to difficulties. The film will screen on March 13, 14, and 17, 2022, showcasing the entrepreneurial spirit amidst significant obstacles.

GoDaddy's Empower Baltimore program launches to support local microbusinesses by enhancing their web presence. In partnership with Impact Hub Baltimore, the initiative offers programming, mentorship, and free GoDaddy products, including domains and websites. The program will host five cohorts throughout the year, with a review process for applicants. Additionally, storytelling events will spotlight Baltimore's creative communities. The first launch event is scheduled for Feb. 17 at Baltimore Center Stage. GoDaddy aims to empower over 150,000 microbusinesses in the area, promoting local economic growth.

GoDaddy Inc. (NYSE: GDDY) will release its financial results for the fourth quarter and fiscal year 2021 on February 10, 2022, after the market closes. Following the release, there will be a conference call at 5:00 p.m. ET, accessible via registration. Additionally, GoDaddy will host a virtual investor day on February 11, 2022, at 1:00 p.m. ET, featuring presentations on its long-term strategy and financial framework.

GoDaddy Inc. (NYSE: GDDY) announced that Roger Chen has been appointed as Chief Operating Officer, effective January 3, 2022. CEO Aman Bhutani praised Chen's leadership and operational excellence, highlighting his successful tenure as President of the Domain Registrars and Investors business. Chen has been with GoDaddy since 2015, rising through various leadership roles in the Asia Pacific region. GoDaddy continues to empower entrepreneurs globally by providing tools and resources to succeed online.

GoDaddy Inc. (NYSE: GDDY) announced its definitive agreement to acquire Pagely, a leader in Managed WordPress since 2009. This acquisition aims to leverage Pagely's platform expertise to enhance GoDaddy's WooCommerce SaaS offerings, targeting elevated reliability and scalability. WooCommerce powers 94% of WordPress eCommerce stores, positioning GoDaddy to further empower small businesses. Despite the acquisition, Pagely will maintain its Managed WordPress services for enterprise clients. This move reflects GoDaddy's commitment to improving the WordPress ecosystem.

GoDaddy Inc. (NYSE: GDDY) reported Q3 2021 financial results, showing total revenue of $964 million, up 14.2% year-over-year. Domains revenue rose 17%, and business applications revenue grew 20.4%. The company launched its OmniCommerce solution and reported an annualized gross merchandise volume of approximately $25 billion, a nearly 30% increase. GoDaddy raised its full-year revenue guidance to $3.765 billion and expects Q4 revenue around $970 million. Operating cash flow reached $226 million, supporting a share repurchase of 3.4 million shares.