GoDaddy Q3 2022 Earnings Report
Key Takeaways
GoDaddy reported a 7% year-over-year increase in total revenue, reaching $1,033.2 million. Net income also saw a 2.4% increase, amounting to $100.0 million. The company's normalized EBITDA grew by 15.4% year-over-year.
GoDaddy's total revenue increased by 7.2% year-over-year to $1,033.2 million.
Net income grew by 2.4% year-over-year to $100.0 million.
Normalized EBITDA increased by 15.4% year-over-year to $262.7 million.
Total bookings increased by 4.7% year-over-year to $1,087.0 million.
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GoDaddy Revenue by Geographic Location
Forward Guidance
For the fourth quarter ending December 31, 2022, GoDaddy targets total revenue in the range of $1.03 billion to $1.05 billion, representing year-over-year growth of 2% at the midpoint. GoDaddy expects fourth quarter applications and commerce revenue growth in the range of 10% to 12% and flat core platform revenue growth. For the fourth quarter ending December 31, 2022, GoDaddy targets normalized EBITDA in the range of $250 million to $260 million, remaining within the target margin range of 24 to 25 percent.
Positive Outlook
- Targeting total revenue between $1.03 billion and $1.05 billion.
- Projecting year-over-year revenue growth of 2% at the midpoint.
- Expecting applications and commerce revenue growth between 10% and 12%.
- Targeting normalized EBITDA between $250 million and $260 million.
- Remaining within the target EBITDA margin range of 24% to 25%.