Godaddy Inc Stock Price, News & Analysis

GoDaddy (GDDY) announced that CEO Aman Bhutani and CFO Ray Winborne will present at the 49th Annual J.P. Morgan Technology, Media, and Telecom Conference on May 26, 2021, at 1:25 p.m. EDT. A live audio webcast will be available on GoDaddy's investor relations website, which will also host a replay after the presentation.

GoDaddy aims to empower entrepreneurs with tools to succeed online, providing resources to build websites, attract customers, and manage their businesses effectively.

GoDaddy Inc. (NYSE: GDDY) announced the appointment of Michele Lau as Chief Legal Officer and Mark McCaffrey as Chief Financial Officer. Lau, effective July 12, 2021, previously served at McKesson Corporation, while McCaffrey will begin his role on June 2, 2021, coming from PricewaterhouseCoopers. Both executives bring extensive experience to their new positions, with Lau focusing on legal strategy and governance, and McCaffrey having a strong background in financial consulting for technology firms. Their appointments replace retiring executives, aiming to enhance GoDaddy's future growth.

GoDaddy reported its first quarter 2021 results, achieving a record $1 billion in bookings, with revenue increasing by 13.8% to $901.1 million. Notably, domains revenue rose 18.8% to $422.7 million. However, net income fell to $10.8 million from $43.2 million year-over-year. The company also announced a $775 million share repurchase plan, raising total authorization to $1 billion. For Q2 2021, revenue is forecasted at approximately $920 million, and full-year revenue guidance was raised to $3.745 billion, a 13% increase.

GoDaddy Inc. (NYSE: GDDY) has launched the Hub by GoDaddy Pro, a new free site experience aimed at website designers and developers. This integrated platform consolidates tools for project, site, and client management into a single dashboard, enhancing efficiency. Users report saving an average of three hours per site monthly through maintenance tools. The Hub also prioritizes support ticketing and facilitates collaboration with clients. This initiative complements GoDaddy's recent introduction of Poynt, a payment processing plugin for WooCommerce.

GoDaddy Registry has announced the acquisition of the .club and .design domain extensions, alongside 28 additional extensions from Minds + Machines Group Limited for $120 million. This strategic purchase aims to enhance GoDaddy's portfolio by adding popular and relevant domain options, aligning with their growth strategy. Post-acquisition, GoDaddy Registry will manage over 240 top-level domains and more than 14 million domain names. The acquisitions are subject to certain conditions, including shareholder approval.

GoDaddy Inc. (NYSE: GDDY) is set to release its first-quarter financial results on May 5, 2021, after market close.

Management will host a conference call at 5:00 p.m. ET to discuss the results, with a live webcast accessible on their investor relations website.

The company focuses on empowering entrepreneurs with tools to succeed online, reinforcing its mission to support customer growth and success.

GoDaddy (NYSE: GDDY) has announced a partnership with tennis star Naomi Osaka to launch a project that she has been passionate about for over a year. The details of this collaboration are set to be revealed later this year. Osaka expressed excitement for the opportunity to work with GoDaddy, emphasizing its commitment to empowering entrepreneurs with essential tools for success. GoDaddy's CMO, Fara Howard, highlighted the inspiration derived from Osaka's journey and the company's dedication to supporting impactful entrepreneurial ventures.

GoDaddy (NYSE: GDDY) has announced that CEO Aman Bhutani and CFO Ray Winborne will present at the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2021, at 11:00 a.m. ET. Interested parties can access a live audio webcast on GoDaddy's investor relations website, with a replay available afterward. GoDaddy aims to empower entrepreneurs by providing tools to create websites, attract customers, and manage their businesses effectively.

GoDaddy (NYSE: GDDY) recently expanded its Managed WordPress Ecommerce offerings by introducing over 75 premium WooCommerce extensions, sourced from its acquisition of SkyVerge. This enhancement boosts the value of these plugins from $3,000 to nearly $6,000 at no cost to customers. The updates include features like support for multiple payment processors, improved product reviews, and advanced security options. Additionally, GoDaddy has streamlined the site construction process, enabling faster setup for web designers and developers.