Godaddy Inc Stock Price, News & Analysis

GoDaddy (NYSE: GDDY) announced that Chief Financial Officer Mark McCaffrey will present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference in New York City. The presentation is scheduled for Tuesday, November 19, 2024, at 9:20 a.m. ET / 6:20 a.m. PT. Interested parties can access a live audio webcast and post-presentation replay through GoDaddy's investor relations website.

GoDaddy's recent survey of 1,000 U.S. consumers reveals a significant shift in consumer trust patterns, particularly among younger generations. Gen Z shows stronger trust in influencer recommendations (41%) over business ads, while Millennials prefer business advertisements (46%). The study indicates that 57% of Gen Z is likely to purchase from influencer posts, while the same percentage of Millennials favors business posts. Both generations demonstrate high engagement with social media for product discovery, with 55% of Gen Z and 47% of Millennials regularly using these platforms to find new products. Social media ads trigger weekly actions from over half of both generational groups.

GoDaddy's recent survey reveals a strong consumer trend towards supporting small businesses this holiday season. 71% of U.S. shoppers are willing to pay more at small businesses during Black Friday, with 53% ready to spend up to 10% extra. Despite inflation concerns affecting 65% of respondents, 78% are as or more likely to shop at small businesses this holiday season. Gen Z leads this trend at 85%. The survey shows 40% of consumers plan to do most holiday shopping in the next four weeks, with 19% focusing on Black Friday. Over half of respondents plan to spend more than $50 per gift, with 22% spending over $100 per person.

GoDaddy (NYSE: GDDY) reported its Q3 2024 financial results, showcasing a robust performance. Total revenue rose 7% YoY to $1.15 billion, with Applications and Commerce (A&C) revenue increasing 16% to $423.1 million. Core Platform revenue grew 3% to $724.5 million. Net income surged 45% to $190.5 million, and normalized EBITDA climbed 24% to $366.5 million. Free cash flow increased 29% to $362.7 million. The company repurchased 5.2 million shares for $668.1 million YTD. For FY 2024, GoDaddy raised its revenue guidance to $4.545-$4.565 billion and NEBITDA margin to approximately 30%. Q4 2024 revenue is expected to be $1.165-$1.185 billion. The company will present its enhanced GoDaddy Airo AI experience at an investor event in December.

GoDaddy (NYSE: GDDY) announced the launch of a Website Builder API integration for third-party platforms, with Tailor Brands as its first strategic partner. The integration allows partners to incorporate GoDaddy's award-winning Website Builder into their digital presence offerings without substantial investment in development. The API includes features from GoDaddy Airo™, offering AI-driven tools for content generation, marketing assistance, and business management. Key features include AI-generated content creation, marketing calendar, analytics reporting, SEO tools, and social media management capabilities. Users can upgrade their plans to access additional features like Online Appointments and Online Store functionality.

GoDaddy (NYSE: GDDY) has launched 90-day reissuance, fully installed and managed SSL certificates with five encryption refreshes annually, becoming the first certificate authority to offer this automated solution. The new service eliminates manual re-installation requirements typically needed with traditional one-year certificates. GoDaddy's Managed SSL handles all aspects of SSL lifecycle management automatically, from installation to renewal, providing continuous website protection without disruption. With over 100 million active SSL certificates, this initiative positions GoDaddy as a pioneer in automated website security, particularly benefiting small businesses and entrepreneurs who need hassle-free website encryption.

GoDaddy's recent consumer survey reveals that 80% of U.S. consumers prioritize cost savings over convenience, with 42% ranking it as their top priority. The survey found that 30% of consumers consider paying return shipping more annoying than jury duty, and 77% check return policies before purchasing. Key findings show that 62% prefer cash payments over credit card surcharges, and 69% will shop at stores without 'Buy Online, Pick Up In-Store' options. Notably, generational differences emerged, with Gen Z and Millennials showing more preference for online shopping and greater willingness to pay for convenience compared to older generations.

GoDaddy (NYSE: GDDY) surveyed over 2,000 small business owners about their top concerns for the upcoming November 5 election. The results show that policies addressing inflation, tax burdens, and cost of living are top priorities for entrepreneurs. Key findings include:

- 93% believe addressing wage and cost inflation should be a top priority
- 50% rank tax reform as a top policy priority
- 32% cite rising housing costs as a barrier to achieving "The American Dream"
- 51% anticipate the election will have a moderate to major impact on their business
- 77% aim to grow their business in the next 12 months

Despite economic uncertainties, small business owners remain resilient, with 38% believing federal government leadership will positively impact their business over the next four years.

Marc Hillebrand, a Senior Marketing Manager at GoDaddy, shares insights about his role and career journey. Originally from Cologne, Germany, Marc joined GoDaddy eight years ago through the acquisition of Host Europe. His team in product marketing acts as a bridge between departments, ensuring smooth information flow and focusing on customer needs.

Marc emphasizes the importance of empathy, communication, and continuous learning in his career growth. He appreciates GoDaddy's remote work options, which allow for work-life balance and global collaboration. Outside of work, Marc enjoys sports, cooking, and traveling with his wife.

The interview highlights GoDaddy's supportive work environment and the dynamic nature of product marketing, encouraging those interested in the field to seek learning opportunities and think from the customer's perspective.