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Sep 30, 2021
GoDaddy Q3 2021 Earnings Report
GoDaddy's Q3 2021 earnings were released, revealing a 14% year-over-year increase in revenue and a 10% year-over-year increase in bookings.
Key Takeaways
GoDaddy reported a strong Q3 2021 with revenue up 14% year-over-year and bookings up 10% year-over-year. The company launched its OmniCommerce solution and saw growth in Websites + Marketing and Commerce ARR.
GoDaddy launched its OmniCommerce solution for Websites + Marketing, featuring point-of-sale devices and integrated payments.
Websites + Marketing ARR grew more than 20% year-over-year.
Commerce ARR grew more than 30% year-over-year.
The company executed an accelerated share repurchase agreement, buying back 3.4 million shares.
Forward Guidance
For Q4 2021, GoDaddy expects revenue of approximately $970 million. The company raised its full year revenue guide to approximately $3.765 billion and its full year unlevered free cash flow guide to approximately $960 million.
Positive Outlook
- Revenue growth of approximately 11% year over year is expected for Q4 2021.
- Full year revenue is guided to approximately $3.765 billion, representing 14% year over year growth.
- Full year unlevered free cash flow is guided to approximately $960 million, representing 16% year over year growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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