Godaddy Inc Stock Price, News & Analysis

GoDaddy's Venture Forward research reveals that entrepreneurship doesn't require a four-year degree. Data shows that microbusiness owners with and without college degrees contribute similarly to household income. Notably, 34% of women and 47% of men without degrees earn over $100k pre-tax from their microbusinesses.

While degree attainment is declining, entrepreneurship is on the rise. Since 2019, there's been an 8% decrease in men and 2% decrease in women earning degrees, while self-employment has increased by 0.7%. Women without degrees appear more entrepreneurial, with 26% starting businesses due to long-term dreams compared to 20% of degree holders. They're also 6% more likely to start businesses to be their own boss.

GoDaddy's Venture Forward initiative analyzes over 20 million online businesses, mostly microbusinesses with fewer than ten employees. Since 2018, it has surveyed more than 50,000 entrepreneurs with a digital presence.

The University of Missouri's extension program leaders have created an interactive dashboard using GoDaddy Venture Forward's geographical data to help counsel microbusinesses and educate local residents. The dashboard tracks the microbusiness activity index and microbusiness density over time, allowing MU Extension staff to visualize data and compare metro versus non-metro areas or differences by economic type in Missouri.

The team began using Venture Forward data during the pandemic when online business information became crucial. The dashboard helps Small Business Development Center counselors advise entrepreneurs on growth strategies. The project also combines USDA economic type information with Venture Forward density data to analyze trends in different economic sectors like agriculture, manufacturing, and recreation.

The initiative aims to support economic development, particularly in rural areas, by providing valuable insights into online microbusiness trends and helping entrepreneurs understand how to succeed in the digital marketplace.

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 aimed at lowering inflation, easing tax burdens, and addressing the cost of living are primary concerns for small business owners this election season.

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 the rising cost of housing as a barrier to achieving 'The American Dream'
• 18% report changing how they vote in federal elections since becoming business owners
• 51% anticipate the election will have a moderate to major impact on their businesses
• 77% aim to grow their business in the next 12 months

Despite economic uncertainty, small business owners remain resilient and optimistic about their future.

GoDaddy Inc. (NYSE: GDDY) has announced that it will release its financial results for the third quarter of 2024 on Wednesday, October 30, 2024, after the U.S. stock market closes. Following the news release, the company's management will host a live webcast at 5:00 p.m. Eastern Time.

Interested parties can access the webcast through GoDaddy's Investor Relations website at https://investors.godaddy.net. To participate in the event, registration is required. After the webcast concludes, a recording will be made available on the company's Investor Relations website for those unable to attend the live session.

GoDaddy's Made in America documentary series features Carter's BBQ, a Cleveland-based business that exemplifies American entrepreneurship. Founded by Darren and Theresa Carter, the barbecue joint is part of GoDaddy's Empower initiative, which partners with the Economic & Community Development Institute (ECDI) to support Ohio's entrepreneurs. Venture Forward research reveals over 490,000 active microbusinesses in Ohio, with 58% of US entrepreneurs reporting low stress levels.

The Carters transitioned from steel mill work to barbecue, driven by passion and community impact. They're also foster parents, using their business to demonstrate success and build generational wealth. The Empower by GoDaddy program provided important digital training, enhancing Carter's BBQ's online presence and enabling e-commerce for their products. The documentary highlights the Carters' community involvement, including fundraising events for foster youth.

A recent GoDaddy survey of 1,500 U.S. consumers reveals that 80% prioritize cost savings over convenience, with 42% ranking saving money as their top priority. Key findings include:

- 30% of consumers find paying for return shipping more annoying than jury duty
- 77% often check a business' return policy before purchasing
- 62% prefer cash payments over a 3% credit card surcharge
- 69% will shop at businesses without 'Buy Online, Pick Up In-Store' options
- 33% prefer in-store shopping vs. 30% preferring online shopping this holiday season

The survey also highlights generational differences, with Gen Z and Millennials more likely to prioritize convenience in certain aspects. GoDaddy advises small businesses to adjust their approaches, especially for the upcoming holiday shopping season, to avoid alienating cost-conscious customers.

GoDaddy's Venture Forward initiative released its Q3 2024 newsletter, highlighting data on microbusinesses across Australia, Canada, U.K., and U.S. Key points include:

1. Updated Microbusiness Data Hub through Q2 2024, featuring e-commerce industry rankings and microbusiness density by geography.

2. GoDaddy/UCLA Anderson Forecast's Microbusiness Activity Index (MAI) 2024 annual report, showing digital infrastructure improvement created over 280,000 jobs nationwide between April 2020 and March 2024.

3. University of Missouri's interactive dashboard using Venture Forward data for economic development planning.

4. Insights on entrepreneurship without a four-year degree, revealing similar income contributions from microbusiness owners regardless of education level.

5. Media coverage highlighting the impact of internet expansion on small businesses and the trend of young entrepreneurs skipping higher education to start businesses.

Kevin F Burton, a 48-year-old single father, shares his career journey at GoDaddy. Despite lacking tech experience, he excelled in the Customer Development Team (CDT) with guidance from Care Supervisors Georgia Tucker and Mark Carpenter. Burton's proudest moments include contributing to the WOW Call Library and achieving Diamond Club status. He credits GoDaddy's supportive environment for his success, emphasizing the importance of being open to learning and personal drive. Burton's mantra is, 'Opportunity doesn't wait for the unprepared.' Follow GoDaddy Life on social media for more insights into their culture and careers.

Jacob Rodriguez, a Training Facilitator at GoDaddy, shares his experiences and perspectives in this employee spotlight. Originally from Phoenix, Arizona, Jacob started at GoDaddy in April 2021 and moved to his current role in February 2022. He emphasizes the importance of work-life balance and flexibility at GoDaddy, which allows him to dedicate time to family and personal care.

As a member of the Employee Resource Group, GoDaddy LatinX (GDLIT), Jacob values learning from others and connecting with colleagues who share similar cultural backgrounds. He views Hispanic Heritage Month as a time for reflection and re-centering. Looking ahead, Jacob envisions growth in LatinX representation in technology, with more opportunities becoming accessible as technology evolves.

The article highlights GoDaddy's commitment to diversity and inclusion, showcasing how the company supports employees in maintaining a healthy work-life balance and encourages participation in cultural initiatives.