Corporate continues its monitor file of winning enlargement and powerful coins week

TEMPE, Ariz., Feb. 13, 2025 /PRNewswire/ — GoDaddy Inc. (NYSE: GDDY) nowadays reported monetary effects for the fourth quarter and entire 12 months that ended December 31, 2024.

“GoDaddy demonstrated strong operational execution and financial performance in 2024, making significant progress across our key strategic initiatives,” stated GoDaddy CEO Aman Bhutani. “Looking ahead to 2025, we are excited to further innovate around GoDaddy Airo, enhance our integrated technology platform and create even more value for our customers.”

“GoDaddy delivered strong 2024 financial results and we have an exciting path ahead for continued shareholder value creation,” stated GoDaddy CFO Mark McCaffrey. “We remain dedicated to executing on our strategy, optimizing topline growth and profitability to drive us toward our North Star of maximizing free cash flow over the long term.”

Complete Occasion 2024 Industry and Monetary Highlights

• General income of $4.6 billion, up 8% year-over-year, on a reported and loyal forex foundation.
• General bookings of $5.0 billion, up 9% year-over-year, and 10% on a continuing forex foundation.
• Internet source of revenue of $936.9 million, indisposed 32% year-over-year, representing a 20% margin. Internet source of revenue for the 12 months ended December 31, 2023 was once inclusive of a non-routine, non-cash source of revenue tax receive advantages connected to the shed of the vast majority of our valuation allowance.
• Normalized EBITDA (NEBITDA) of $1.4 billion, up 23% year-over-year, representing a 31% margin.
• Internet coins equipped through working actions of $1.3 billion, up 23% year-over-year.
• Distant coins wave of $1.4 billion, up 25% year-over-year.
• Rude bills quantity (GPV) from GoDaddy’s trade choices grew to $2.6 billion, up 55% year-over-year.

Fourth Quarter 2024 Industry and Monetary Highlights

• General income of $1.2 billion, up 8% year-over-year on a reported and loyal forex foundation.
• General bookings of $1.2 billion, up 9% year-over-year on a reported and loyal forex foundation.
• Internet source of revenue of $198.6 million, indisposed 82% year-over-year, representing a 17% margin. Internet source of revenue for the fourth quarter of 2023 was once inclusive of a non-routine, non-cash source of revenue tax receive advantages connected to the shed of the vast majority of our valuation allowance.
• NEBITDA of $384.7 million, up 19% year-over-year, representing a 32% margin.
• Internet coins equipped through working actions of $340.5 million, up 14% year-over-year.
• Distant coins wave of $342.0 million, up 12% year-over-year.
• GoDaddy persevered the attribute poised growth of its AI-powered, business-in-a-box GoDaddy Airo^® enjoy, together with launching the Airo Plus tier, providing complex emblems and imagery, AI-powered advertising and marketing gear and enhanced WordPress web page development functions.
• In assistance of the WordPress population and its members, GoDaddy donated $0.5 million to The WP People Collective in addition to introduced a re-architected Controlled WordPress Website hosting platform, turning in enhanced efficiency, scalability and safety.

Consolidated Fourth Quarter and Complete Occasion Monetary Highlights

Steadiness Sheet

At December 31, 2024, general coins and coins equivalents and non permanent investments had been $1.1 billion, general debt was once $3.9 billion and web debt was once $2.8 billion.

Debt Refinancing

In December 2024, GoDaddy entered into an modification to its credit score contract to refinance $1.5 billion of expression loans and accumulation an rate of interest margin aid of 0.25%.

Industry Outlook

For the primary quarter finishing March 31, 2025, GoDaddy expects general income within the area of $1.175 billion to $1.195 billion, representing year-over-year enlargement of seven% on the midpoint, as opposed to the similar era in 2024. For the overall 12 months finishing December 31, 2025, GoDaddy is focused on general income within the area of $4.860 billion to $4.940 billion, representing year-over-year enlargement of seven% on the midpoint, as opposed to the $4.573 billion of income generated for the overall 12 months ended December 31, 2024.

For the primary quarter finishing March 31, 2025, GoDaddy expects Normalized EBITDA margin of roughly 30%. For the overall 12 months finishing December 31, 2025, GoDaddy expects Normalized EBITDA margin growth of roughly 100 foundation issues.

For the overall 12 months finishing December 31, 2025, GoDaddy expects distant coins wave of no less than $1.500 billion, as opposed to the $1.356 billion of distant coins wave generated in 2024.

GoDaddy’s consolidated monetary statements are ready in response to typically permitted accounting rules in the USA (GAAP). GoDaddy does now not serve reconciliations of forward-looking non-GAAP measures to essentially the most without delay similar forward-looking GAAP equivalents, as a result of projections of adjustments in person steadiness sheet quantities aren’t imaginable with out unreasonable attempt, and presentation of such reconciliations would suggest an beside the point stage of precision. For non-forward-looking non-GAAP measures, a reconciliation to the upcoming GAAP an identical is incorporated on this press shed following the monetary statements.

Quarterly Profits Webcast

GoDaddy will host a webcast to talk about fourth quarter and entire 12 months 2024 effects at 5:00 p.m. Jap Life on February 13, 2025. To take part within the webcast, please preregister on-line at https://investors.godaddy.net/investor-relations/overview/default.aspx. A reside webcast of the development, along side a slide presentation together with supplemental monetary knowledge and reconciliations of positive non-GAAP measures to their upcoming similar GAAP measures, might be to be had via GoDaddy’s Investor Members of the family web page at https://investors.godaddy.net. A transcript of prerecorded remarks might be to be had at the Investor Members of the family web page on the date of the webcast. Following the development, a recorded replay of the webcast might be to be had at the web page.

GoDaddy makes use of its Investor Members of the family web page at https://investors.godaddy.net as a method of revealing subject matter personal knowledge and to agree to its disclosure duties beneath Legislation FD. Accordingly, buyers must observe GoDaddy’s Investor Members of the family web page, along with following press releases, Securities and Alternate Fee (SEC) filings, society convention shouts and webcasts.

Ahead-Having a look Statements

This press shed accommodates forward-looking statements which can be matter to the cover harbor provisions of the Non-public Securities Litigation Reform Office of 1995. Those statements are in keeping with estimates and knowledge to be had to us on the date of this press shed and aren’t promises of while efficiency. Statements on this press shed contain dangers, uncertainties and suppositions. If the hazards or uncertainties materialize or the suppositions end up improper, our effects would possibly fluctuate materially from the ones expressed or implied through such forward-looking statements. All statements alternative than statements of historic truth might be deemed forward-looking statements, together with, however now not restricted to any statements referring to: our occupation outlook; launches of unutilized or growth of present merchandise or products and services, together with GoDaddy Airo, any projections of services or products availability, generation traits and innovation, buyer enlargement, or alternative while occasions; historic effects that can counsel while developments for our occupation; our plans, methods or targets with admire to while operations, partnerships and spouse integrations and business plan; while monetary effects; our talent to combine acquisitions and reach desired synergies and vertical integration; the anticipated have an effect on of our debt repricing; our forecasted ranges of while taxable source of revenue and talent to comprehend our deferred tax belongings; and suppositions underlying any of the foregoing.

Unedited effects may fluctuate materially from our flow expectancies because of many elements, together with, however now not restricted to: the unpredictable nature of our swiftly evolving marketplace; fluctuations in our monetary and working effects; our fee of enlargement; interruptions or delays in our carrier or our internet website hosting; our dependence on cost card networks and obtaining processors; breaches of our security features; the have an effect on of any earlier or while acquisitions or divestitures; our talent to proceed to shed, and acquire buyer acceptance of, our present and while services; our talent to deploy unutilized and evolving applied sciences, akin to synthetic understanding, gadget finding out, information analytics and indistinguishable gear, in our choices; our talent to top our enlargement; our talent to rent, accumulation and inspire staff; the consequences of pageant; technological, regulatory and felony traits; highbrow attribute litigation; the have an effect on of our restructuring efforts; macroeconomic situations and traits within the economic system, monetary markets and credit score markets; persevered escalation of geopolitical tensions; the extent of rates of interest and inflationary pressures; and execution of proportion repurchases.

Spare dangers and uncertainties that would have an effect on GoDaddy’s occupation and monetary effects are incorporated within the filings we create with the SEC from date to date, together with the ones described in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our maximum just lately filed era reviews on Method 10-Okay and Method 10-Q, which can be to be had on our web page at https://investors.godaddy.net and at the SEC’s web page at www.sec.gov. Spare knowledge may also be poised forth in alternative filings that GoDaddy makes with the SEC from date to date. All forward-looking statements on this press shed are in keeping with knowledge to be had to GoDaddy as of the time hereof. With the exception of to the level required through regulation, GoDaddy does now not suppose any legal responsibility to replace the forward-looking statements equipped to replicate occasions that happen or instances that exist later the time on which they had been made.

Non-GAAP Monetary Measures and Alternative Running and Industry Metrics

Along with our monetary effects ready in response to GAAP, this press shed comprises positive non-GAAP monetary measures and alternative working and occupation metrics. We consider that those non-GAAP monetary measures and alternative metrics are helpful as a complement in comparing our ongoing operational efficiency and embellishing an total figuring out of our while monetary efficiency. The non-GAAP monetary measures incorporated on this press shed must now not be thought to be in isolation from, or as an alternative to, monetary knowledge ready in response to GAAP. As well as, in a similar way titled measures is also calculated another way through alternative corporations and will not be similar. A reconciliation between every non-GAAP monetary measure and its upcoming GAAP an identical is incorporated on this press shed following the monetary statements. We importance each GAAP and non-GAAP measures to guage and top our operations.

General bookings. General bookings is an working metric representing the full worth of shopper pledges entered into all the way through the era, except for refunds. We consider general bookings supplies extra perception into the efficiency of our occupation and the effectiveness of our advertising and marketing efforts since we in most cases store cost on the inception of a buyer oath however acknowledge income ratably over the expression of the oath.

Consistent forex. Consistent forex is calculated through translating bookings and income for every age within the flow era the usage of the foreign exchange alternate charges for the corresponding age within the prior era, except for any hedging positive aspects or losses discovered all the way through the era. We consider consistent forex knowledge turns out to be useful in inspecting underlying developments in our occupation through getting rid of the have an effect on of fluctuations in foreign exchange alternate charges and permits for period-to-period comparisons of our efficiency.

Normalized EBITDA (NEBITDA). NEBITDA is a supplemental measure of our working efficiency impaired through control to guage our occupation. We calculate NEBITDA as web source of revenue except for depreciation and amortization, passion expense (web), provision or receive advantages for source of revenue taxes, equity-based reimbursement expense, acquisition-related prices, restructuring-related bills and likely alternative pieces. We consider that the inclusion or exclusion of positive routine and non-recurring pieces supplies a extra measure of our core working effects and lets in helpful supplementary period-over-period comparisons of our operations. NEBITDA must now not be considered as an alternative to similar GAAP measures.

NEBITDA margin. NEBITDA margin is impaired through control as a supplemental measure of our working efficiency and refers back to the ratio of NEBITDA to income, expressed as a proportion.

Unlevered distant coins wave. Unlevered distant coins wave is a measure of our liquidity impaired through control to guage our occupation previous to the have an effect on of our capital construction and restructuring and later purchases of attribute and kit. Such liquidity will also be impaired through us for strategic alternatives and nourishing our steadiness sheet. On the other hand, given our debt duties, unlevered distant coins wave does now not constitute residual coins wave to be had for discretionary bills.

Distant coins wave. Distant coins wave is outlined as our unlevered distant coins wave much less passion bills for the era. We importance distant coins wave as a supplemental measure of our liquidity, together with our talent to generate coins wave in huge of capital necessities and go back coins to shareholders, despite the fact that it must now not be thought to be as an supplementary to, or extra significant than, similar GAAP measures.

Internet debt. We outline web debt as general debt much less coins and coins equivalents and non permanent investments. General debt is composed of the flow portion of long-term debt plus long-term debt and unamortized actual factor bargain and debt issuance prices. Our control opinions web debt as a part of its control of our total liquidity, monetary flexibility, capital construction and leverage and we consider such knowledge turns out to be useful to buyers. Moreover, positive analysts and debt score businesses observe our web debt as a part of their tests of our occupation.

Rude bills quantity (GPV). GPV is an working metric calculated through annualizing the full quarterly buck worth of transactions processed via our bills platform. GPV is consultant of the quantity of transactions wherein we file transaction income in keeping with our cost processing fee.

Annualized routine income (ARR). ARR is an working metric outlined as annualized quarterly routine GAAP income, web of refunds, from unutilized and renewed subscription-based products and services. ARR is unique of any income this is non-recurring, together with, with out limitation, area aftermarket, area transfers, one-time set-up or migration charges and non-recurring skilled web page products and services charges. We consider ARR is helping illustrate the size of positive of our merchandise and facilitates comparisons to alternative corporations in our business.

Moderate income consistent with person (ARPU). We calculate ARPU as general income all the way through the previous 12 age era divided through the common of the collection of general shoppers firstly and finish of the era. ARPU is one measure that gives perception into our talent to promote extra merchandise to our shoppers.

General shoppers. We outline a buyer as a person or entity, every with a singular account and paid transactions within the trailing 365 days or with paid subscriptions as of the tip of the era. General shoppers is a method we measure the size of our occupation and is usually a contributing issue to our talent to extend our income bottom. 

About GoDaddy

GoDaddy is helping tens of millions of marketers globally get started, develop, and scale their companies. Community come to GoDaddy to call their thought, manufacture a web page and emblem, promote their services, and settle for bills. GoDaddy Airo^®, the corporate’s AI-powered enjoy, makes rising a miniature occupation sooner and more uncomplicated through serving to them to get their thought on-line in mins, power visitors and spice up gross sales. GoDaddy’s skilled guides are to be had 24/7 to serve support. To be told extra in regards to the corporate, discuss with www.GoDaddy.com.

Reconciliation of Non-GAAP Monetary Measures

Refer to tables reconcile every non-GAAP monetary measure to its maximum without delay similar GAAP monetary measure:

Stocks Remarkable

General stocks of usual retain remarkable are as follows:

Consistent Foreign money

Refer to desk supplies a reconciliation of continuous forex:

Supply: GoDaddy Inc.

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