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Dec 31, 2023
GoDaddy Q4 2023 Earnings Report
GoDaddy reported strong Q4 and full year 2023 results, with revenue up 6% year-over-year and a net income margin of 103%.
Key Takeaways
GoDaddy reported strong fourth-quarter results, with total revenue of $1.1 billion, up 6% year-over-year. The company's net income was $1.1 billion, representing a 103% margin. GoDaddy's Applications & Commerce revenue increased by 13% year-over-year, and free cash flow grew by 51%.
Total revenue was $1.1 billion, a 6% increase year-over-year.
Applications & Commerce revenue increased by 13%.
Net income reached $1.1 billion, resulting in a 103% margin.
Free cash flow increased by 51%.
GoDaddy
GoDaddy
GoDaddy Revenue by Segment
Revenue by Segment
Applications & Commerce Revenue
CapyFin.com Forward Guidance
GoDaddy expects for the first quarter ending March 31, 2024, total revenue in the range of $1.085 billion to $1.105 billion, representing year-over-year growth of 6% at the midpoint, versus the same period in 2023. For the full year ending December 31, 2024, GoDaddy is targeting total revenue in the range of $4.480 billion to $4.560 billion, representing year-over-year growth of 6% at the midpoint, versus the $4.25 billion of revenue generated for the full year ended December 31, 2023.
Positive Outlook
- Targeting FY24 revenue between $4.480 billion and $4.560 billion, representing 6% year-over-year growth at the midpoint.
- Expecting Q1 2024 revenue between $1.085 billion and $1.105 billion, representing 6% year-over-year growth at the midpoint.
- Projecting FY24 Normalized EBITDA margin of approximately 29%, with a Q4 Normalized EBITDA margin of approximately 31%.
- Anticipating FY24 unlevered free cash flow of at least $1.4 billion.
- Forecasting FY24 free cash flow of at least $1.2 billion.