NYSE$GDDY

GoDaddy Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

GoDaddy's financial performance was solid, with revenue and net income increasing year-over-year, and the company maintained a strong position despite macroeconomic headwinds.

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.

Headline financials

Total Revenue

$1.03B

Previous: $964M+7.2%
EPS (adj)

$0.63

Previous: $0.58+8.6%
Total Bookings

$1.09B

Previous: $1.04B+4.7%
Capital Expenditures

-$42.6M

Previous: -$33.7M-26.4%
Free Cash Flow

$57.2M

Previous: $63.8M-10.3%
Net Income

$99.8M

Previous: $97.5M+2.4%
Operating Income

$130M

Previous: $131M-1.2%
Gross Profit

-$420M

Previous: -$396M-6.3%
Cash & Equivalents

$826M

Previous: $1.14B-27.7%
Total Assets

$7.07B

Previous: $7.3B-3.1%

Revenue & EPS history

GoDaddy · Revenue · Quarterly

$1.03B

Q3 2022+7.2%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

GoDaddy · $326M total across 1 segment · Q3 2022

  • Applications and Commerce
    $326M

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.

Tailwinds

  • 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%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.3%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.5%

Avg return

30 days after

55%

24 / 44 earnings

Positive

+18.0%

Q3 2015

Best reaction

-14.3%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+2.0%-0.2%
Q4 2025-1.7%-4.4%-13.4%
Q3 2025+6.6%+5.0%+0.9%
Q1 2025-8.6%-4.8%-5.3%
Q4 2024-14.3%-16.9%-17.1%
Q3 2024+3.4%+2.6%+22.4%
Q2 2024+4.0%+4.5%+15.1%
Q1 2024+1.1%+7.4%+14.2%
Q4 2023-0.7%-2.1%+4.3%
Q3 2023+16.5%+18.4%+38.9%
Q2 2023-7.7%-6.2%-3.8%
Q1 2023-2.5%-3.0%+6.1%
Q4 2022-0.9%-4.2%-10.1%
Q3 2022-8.3%-4.8%+6.9%
Q2 2022+4.5%+7.0%+1.2%
Q1 2022-4.2%-14.5%-11.0%
Q4 2021+7.6%+15.2%+4.4%
Q3 2021+10.9%+5.9%+2.6%
Q2 2021-13.0%-12.3%-10.8%
Q1 2021-1.5%-1.9%-1.9%
Q4 2020-6.5%-7.3%-21.1%
Q3 2020+2.2%-4.7%+13.1%
Q2 2020+7.9%+6.0%+8.6%
Q1 2020+6.4%+10.0%+14.5%
Q4 2019+10.6%+9.5%-22.5%
Q3 2019+17.5%+11.0%+8.3%
Q2 2019-4.0%-11.4%-13.7%
Q1 2019-2.1%-3.1%-8.3%
Q4 2018+4.4%+3.7%+3.2%
Q3 2018-8.9%-11.7%-9.8%
Q2 2018+1.3%+2.4%+8.6%
Q1 2018+4.2%+4.8%+9.4%
Q4 2017+10.4%+8.4%+9.5%
Q3 2017+3.7%+2.8%-0.2%
Q2 2017+3.1%-2.6%+3.2%
Q1 2017-3.1%-2.0%+4.7%
Q4 2016-1.3%+1.0%+2.3%
Q3 2016-5.7%-6.9%-5.7%
Q2 2016+8.3%+13.6%+11.4%
Q1 2016-1.5%
Q4 2015+3.4%
Q3 2015+18.0%
Q2 2015-8.3%
Q1 2015+3.2%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013

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