GoDaddy Q3 2021 Earnings Report
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.
GoDaddy
GoDaddy
GoDaddy Revenue by Segment
GoDaddy Revenue by Geographic Location
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.