Godaddy Inc Stock Price, News & Analysis

GoDaddy Inc. (NYSE: GDDY) announced the launch of GoDaddy Invoicing and Payments, a new feature in the Hub by GoDaddy Pro, designed for web designers and developers. This integrated tool simplifies invoicing by eliminating the need for third-party services. Users can manage all invoices, track payments, and issue refunds within one platform. The feature is set to go live for a limited audience in the United States in August 2021 and aims to streamline financial management for entrepreneurs. The innovation stems from GoDaddy's acquisition of Poynt in December 2020.

On August 17, 2021, GoDaddy (NYSE: GDDY) announced new features, Pay Links and Virtual Terminal, within GoDaddy Payments to assist small businesses in accepting online and remote payments. Many small businesses lack a web presence, making them vulnerable as consumers prefer online payments. These features allow user-friendly setups for businesses to share secure payment links or use any device as a payment terminal. GoDaddy Payments accepts major credit and debit cards with no hidden fees. This launch aims to enhance the capabilities of small businesses, enabling them to thrive in both online and offline markets.

GoDaddy has initiated a $250 million accelerated share repurchase agreement with Goldman Sachs as part of its broader $750 million repurchase program. This buyback underscores GoDaddy's commitment to shareholder value, with approximately 6.9 million shares repurchased in 2021, representing 4% of total shares outstanding. Since January 2020, the total buyback will stand at about 16.9 million shares, or over 9% of total shares. The final settlement of this agreement is anticipated in Q3 2021.

GoDaddy reported strong Q2 2021 results, with total revenue hitting $931.3 million, up 15.5% year-over-year. Net income improved significantly to $46.9 million, compared to a loss of $673.2 million in 2020. Operating cash flow increased 24.6% to $209.4 million, while unlevered free cash flow rose 27.5% to $237.0 million. GoDaddy also launched several new products, including GoDaddy Payments, and expects Q3 revenue of about $945 million, reflecting 12% growth.

GoDaddy (NYSE: GDDY) announced a collaboration with UCLA Anderson Forecast, utilizing GoDaddy's Venture Forward data to analyze the impact of online microbusinesses on local economies. The study highlights how these businesses have adjusted during the pandemic and provides insights into their distribution and growth factors in the U.S. The pioneering index uniquely tracks microbusiness activity at various levels and aims to inform policymakers on enhancing economic resilience.

GoDaddy (NYSE: GDDY) has announced a new integration with Google that allows its customers to enhance their online visibility. This feature enables GoDaddy customers to create Google Merchant Center accounts directly from their Online Store, sync their product catalogs, and launch Smart Shopping campaigns across various Google platforms, including Search, Images, Maps, YouTube, and Gmail. By taking advantage of these resources, small businesses can optimize their marketing efforts and enhance sales growth. Additionally, eligible customers can receive up to $150 in ads credit for their initial Smart Shopping campaigns.

GoDaddy (NYSE: GDDY) has launched List for Sale, a new service allowing customers to easily list and sell unused domain names. This free tool offers users a straightforward three-step process to price their domain, create a landing page, and publish their listing on Afternic. Notably, the average sale price of a domain on Afternic is $2,000, with the highest sale recorded at $57,500. Customers only incur a commission fee of 10-20% upon sale. This initiative aims to help users profit from dormant domains, enhancing GoDaddy's value proposition.

GoDaddy Inc. (NYSE: GDDY) will disclose its financial results for Q2 on August 4, 2021, after market close. The company's management will hold a conference call at 5:00 p.m. Eastern Time to discuss the earnings. Interested parties can register for the call and access the webcast via GoDaddy's investor relations website. GoDaddy continues to provide tools and services to support entrepreneurs in building their online presence and enhancing their business success.

GoDaddy Inc. (NYSE: GDDY) announced its collaboration with Mastercard (NYSE: MA) to enhance the Venture Forward initiative, aimed at assessing the economic impact of online microbusinesses. This partnership grants City Possible members access to valuable data, providing insights into local economies affected by microbusinesses. GoDaddy has gathered data from over 20 million microbusinesses, analyzing effects across 30,000+ zip codes and 900+ city regions. This information supports local governments in fostering inclusive economic growth.