Welcome to our dedicated page for GoDaddy news (Ticker: GDDY), a resource for investors and traders seeking the latest updates and insights on GoDaddy stock.
GoDaddy Inc. reports developments tied to its domain registrar and small-business technology platform, including domains, website creation, hosting, security, commerce, payments and customer support for entrepreneurs and web professionals.
Recurring updates cover financial results, investor conference appearances, AI products such as GoDaddy Airo, WordPress and WooCommerce site-building features, and partnerships that extend business formation, content-control and agent-identity tools. Company news also includes research based on GoDaddy small-business data and announcements related to open web standards such as Agent Name Service.
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.
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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.
GoDaddy (NYSE: GDDY) has launched GoDaddy Corporate Domains, a comprehensive domain management solution tailored for large companies. This initiative follows the acquisition of Brandsight in February 2020. Corporate domain portfolios often consist of many domains, complicating management and oversight. GoDaddy Corporate Domains aims to streamline this process, providing clients with valuable data insights, cost containment strategies, and advanced security solutions. Additionally, GoDaddy introduced the Verified Intellectual Property (VIP) program to assist well-known brands in addressing IP abuse.
GoDaddy Inc. (NYSE: GDDY) reported Q3 2020 results with revenue of $844.4 million, up 11.0% year-over-year, and net income of $65.1 million. The company achieved a record of over 1 million net new customers this year, marking the largest increase in its history. Unlevered free cash flow rose 17.0% to $223.9 million. Despite a 1.4% decline in cash from operations, GoDaddy expects to generate approximately $865 million in revenue for Q4, representing 11% growth. The company also announced the departure of COO Andrew Low Ah Kee.
GoDaddy Inc. (NYSE: GDDY) is set to release its third-quarter financial results on November 4, 2020, after market close. The company will conduct a conference call at 5:00 p.m. Eastern Time to discuss these results. Interested participants can register for the call through a provided link and access a live webcast on GoDaddy's investor relations website. With a global customer base of 20 million, GoDaddy aims to empower entrepreneurs with tools for online success.
GoDaddy announced that its Over app is now available in 12 new languages, enhancing accessibility for small businesses globally. The app helps users create professional visual content for various online platforms, catering to entrepreneurs in over 150 countries. With features like customizable templates and thousands of graphics available, Over aims to foster brand engagement. GoDaddy's Vice President highlighted the app's growing adoption as businesses increasingly shift online.