Godaddy Inc Stock Price, News & Analysis

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.

GoDaddy has priced an offering of $800 million in 3.500% senior notes due 2029. The notes will be issued by Go Daddy Operating Company LLC and GD Finance Co, Inc., closing on February 25, 2021. Interest will be paid semi-annually starting September 1, 2021. The proceeds will support general corporate purposes, including working capital and potential acquisitions. The notes may be redeemed under specified conditions, with an option for holders to require repurchase upon certain change of control events.

GoDaddy Inc. (NYSE: GDDY) announced its intention to offer $800 million in senior notes through an institutional offering. The Notes will be senior unsecured obligations guaranteed by existing credit facility entities. Proceeds will be used for general corporate purposes, including working capital and potential acquisitions. This offering does not constitute a sale or solicitation in jurisdictions where it would be unlawful, as the Notes are not registered under the Securities Act.

GoDaddy (NYSE: GDDY) announced on February 11, 2021, the upcoming retirements of Nima Kelly, Chief Legal Officer, and Ray Winborne, Chief Financial Officer. Both will remain in their roles until successors are appointed to ensure a smooth transition. Nima Kelly has been instrumental in GoDaddy's legal team since 2002, guiding the company through its IPO and major acquisitions, including the $1.85 billion purchase of HEG. Ray Winborne, who became CFO in 2016, contributed to nearly doubling the company's revenue and creating significant shareholder value through various capital deployments.

GoDaddy reported strong financial results for Q4 2020, achieving revenue of $873.9 million, up 12% year-over-year. Full-year revenue reached $3.32 billion, reflecting an 11% increase. The company also recorded a net cash flow from operating activities of $165.9 million and unlevered free cash flow of $181.1 million for the quarter. GoDaddy's customer base grew to 20.6 million, a 7.1% increase. The firm anticipates a revenue increase to approximately $3.70 billion in 2021, alongside a significant growth in unlevered free cash flow. Key investments and acquisitions are also highlighted.

GoDaddy Inc. (NYSE: GDDY) has successfully acquired Poynt, aiming to enhance its commerce services for small businesses. This acquisition enables GoDaddy to provide integrated solutions for both online and offline sales. CEO Aman Bhutani emphasized the importance of this move in delivering intuitive commerce experiences, including payments and point-of-sale services, benefiting their 20 million global customers. Osama Bedier, Poynt's CEO, will lead GoDaddy's new Commerce Division, further strengthening GoDaddy's market position.

GoDaddy Inc. (NYSE: GDDY) will release its financial results for the fourth quarter and fiscal year 2020 on February 11, 2021, after market close. Following the release, management will host a conference call at 5:00 p.m. ET to discuss the results, accessible through registration here. A recording will be available post-call on the investor relations website.

GoDaddy (NYSE: GDDY) has announced a definitive agreement to acquire Poynt for $320 million in cash at closing, plus $45 million in deferred payments tied to performance. The transaction aims to enhance GoDaddy's commerce services by integrating Poynt's advanced point-of-sale technology, addressing the growing need for small businesses to merge online and offline sales channels. Poynt currently supports over 100,000 merchants with more than $16 billion in annual Gross Merchandise Volume. The acquisition is expected to finalize in Q1 2021, pending regulatory approvals.