GoDaddy Q4 2024 Earnings Report
Key Takeaways
GoDaddy delivered 8.4% year-over-year revenue growth in Q4 2024, driven by strong performance in Applications & Commerce. However, net income fell sharply due to an extraordinary tax benefit in the previous year. The company maintained healthy margins and strong free cash flow.
Revenue grew 8.4% YoY, driven by strong demand in Applications & Commerce.
Net income declined 82.2% YoY due to a non-routine tax benefit in Q4 2023.
Operating margin improved, reflecting cost optimizations and efficiency gains.
GoDaddy continued investing in AI-powered GoDaddy Airo and WordPress hosting enhancements.
GoDaddy Revenue
GoDaddy EPS
GoDaddy Revenue by Segment
GoDaddy Revenue by Geographic Location
Forward Guidance
GoDaddy expects steady revenue growth in 2025, with a focus on expanding AI-driven services and improving margins.
Positive Outlook
- 1Q 2025 revenue guidance of $1.175B - $1.195B (+7% YoY midpoint).
- FY 2025 revenue target of $4.86B - $4.94B (+7% YoY midpoint).
- Continued expansion of AI-powered GoDaddy Airo features.
- Enhanced WordPress hosting platform to improve scalability and security.
- Free cash flow expected to exceed $1.5B in FY 2025.
Challenges Ahead
- Declining customer base (-2.4% YoY).
- Macroeconomic uncertainty may impact SMB spending.
- Rising competition in the domain and hosting market.
- Potential margin pressure from increased AI and infrastructure investments.
- Debt remains high at $3.85B despite refinancing efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income