GoDaddy Inc. ( (GDDY) ) has released its Q4 earnings. Here is a breakdown of the information GoDaddy Inc. presented to its investors.
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GoDaddy Inc., a leading company in the web hosting and domain registration industry, continues to be a pivotal player by offering a range of digital services that empower entrepreneurs to establish and expand their online presence. With its AI-driven platform, GoDaddy provides innovative tools for businesses to easily build websites and manage their digital operations.
In its recent earnings report, GoDaddy Inc. reported strong financial results for the fourth quarter and full year 2024, demonstrating a consistent pattern of profitable growth. The company achieved a total revenue of $4.6 billion for the year, an 8% increase from the previous year, and highlighted significant advancements in strategic initiatives, particularly around its GoDaddy Airo platform.
Key financial metrics from 2024 reveal a robust performance, with total bookings reaching $5 billion, a 9% year-over-year increase. Despite a 32% decline in net income to $936.9 million due to a non-routine tax benefit in 2023, GoDaddy’s normalized EBITDA surged by 23% to $1.4 billion, showcasing strong operational efficiency. Additionally, the company’s free cash flow grew by 25% to $1.4 billion, while gross payments volume from its commerce offerings increased by 55% to $2.6 billion.
In terms of strategic developments, GoDaddy expanded its AI-powered GoDaddy Airo experience with new features and supported the WordPress community with a donation and enhanced hosting services. These efforts underline GoDaddy’s commitment to innovation and customer value creation.
Looking ahead, GoDaddy’s management remains optimistic about 2025, targeting a revenue growth of around 7% and expecting further enhancements in EBITDA margins. The company aims to continue its focus on innovation and strategic growth, promising a sustained trajectory of value creation for its stakeholders.
